Meeting · FINANCE_AUDIT

ERCOT Finance & Audit Committee Meeting

Concluded date 2009-01-20 time 07:30–10:00 ercot.com

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

Agenda 23 items

1. Call to order Executive Session — C. Karnei · 7:30am
2. a. Approval of executive session minutes (12/09/08) Vote — C. Karnei · 7:30am
b. Internal Audit status report — B. Wullenjohn · 7:32am
c. EthicsPoint update — B. Wullenjohn · 7:35am
d. Quarterly private discussion with Chief Audit Executive — B. Wullenjohn · 7:40am
e. Contracts, personnel, litigation and security — B. Kahn / M. Grable · 7:45am
Recess Executive Session · 7:50am
Convene General Session
3. Approval of general session meeting minutes (12/09/08) Vote — C. Karnei · 7:50am
4. Election of committee Chair and Vice-Chair Vote — S. Byone / E. Doolin · 7:51am
5. Approval of CWG Chair and Vice-Chair (if nominated by CWG) Vote — C. Yager · 7:55am
6. Review of Finance and Audit Committee structure — D. Ballard · 8:00am
7. Review of 2009 revised base operating budget and 5-year financial plan Vote — M. Petterson · 8:10am
8. Review of collateral management practices and alternatives — C. Yager · 8:30am
9. Review of potential changes to Investment practices — C. Yager · 8:45am
10. Quarterly review of investment results — C. Yager · 9:00am
11. Credit update — C. Yager · 9:05am
- Credit Risk Standard
- Comments related to NPRR 140
12. Review and recommendation on updated standard form guarantee agreements — C. Seely · 9:20am
13. Committee Briefs (Q&A only) — All · 9:45am
14. Future agenda items — S. Byone · 9:47am
Adjourn ISO meeting — C. Karnei · 9:50am