Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2006-01-17 time 08:00–10:00 ercot.com

LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 168

Agenda 10 items

1. Approval of Minutes December 13, 2005 -- Committee Meeting — C. Karnei · 8:00 a.m. (5 min.)
2. Election of Committee Chair & Vice Chair — C. Karnei · 8:05 a.m. (5 min.)
3. Finance and Audit Charter Review — S. Byone · 9:15 a.m. (5 min.)
4. Audit Report Acceptance Benefits Plan — N. McIntire · 8:10 a.m. (5 min.)
5. Committee Briefs ERM Stoplight ICMP Credit Statistics Large Projects/PMO — C. Moseley C. Yager D. Meek R. Connell · 8:15 a.m. (20 min.)
6. Quarterly Investment Performance Review — C. Yager · 8:35 a.m. (10 min.)
7. Preliminary 2005 Budget Variance -- VOTE — M. Petterson · 8:45 a.m. (10 min.)
8. Overview of Corporate Policy Framework — C. Moseley · 9:00 a.m. (15 min.)
9. Future Finance and Audit Committee Meeting Agenda Items: ABC Objectives & Timeline PWC Audit Plan Scope of Third-party Internal Control Review SAS 70 Unqualified Opinion Planning Revised Capital Project Prioritization Criteria Review Credit Working Group Charter (Feb/Mar) Fee Filing Update Committee Briefs — S. Byone · 9:20 a.m. (15 min.)
Adjourn to Executive Session — C. Karnei · 9:25 a.m.