Meeting · BOARD

Board of Directors Meeting

Concluded date 2022-03-07 time 09:00–16:00 ercot.com

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

Revision Requests On The Agenda

NOGRR234NPRR1095NPRR1097NPRR1098NPRR1099NPRR1102NPRR1111NPRR1113NPRR1114NPRR1120OBDRR034OBDRR038OBDRR039PGRR095PGRR099RMGRR169SCR816SCR817SCR819

Agenda 65 items

Convene Meeting at 9:00 a.m., Monday, March 7, 2022
1. Call General Session to Order and Announce Proxies · Chair
2. Notice of Public Comment, if Any — Discussion · Chair
3. Confirmation of Technical Advisory Committee (TAC) Chair and Vice Chair for 2022 — Vote · Chair
4. Consent Agenda — Vote · Chair
4.1
Unopposed Revision Requests Recommended by TAC for Approval — Vote · --
- 4.1 Unopposed Revision Requests
4.1.1 NPRR1095, Texas SET V5.0 Changes — Vote · --
4.1.2 NPRR1097, Create Resource Forced Outage Report – URGENT — Vote · --
4.1.3 NPRR1098, Direct Current Tie (DC Tie) Reactive Power Capability Requirements — Vote · --
4.1.4 NPRR1099, Managing Network Operations Model Resource Nodes — Vote · --
4.1.5 NPRR1102, ERCOT Discretion for Adjusting Non-Interval Data Recorder (NIDR) Backcasted Load Profiles — Vote · --
4.1.6 NPRR1111, Related to SCR819, Improving IRR Control to Manage GTC Stability Limits – URGENT — Vote · --
4.1.7 NPRR1113, Clarification of Regulation-Up Schedule for Controllable Load Resources in Ancillary Service Imbalance – URGENT — Vote · --
4.1.8 NPRR1114, Securitization – PURA Subchapter N Uplift Charges – URGENT — Vote · --
4.1.9 NOGRR234, Related to NPRR1098, Direct Current Tie (DC Tie) Reactive Power Capability Requirements — Vote · --
4.1.10 OBDRR034, Related to NPRR1099, Managing Network Operations Model Resource Nodes — Vote · --
4.1.11 ODBRR037, Power Balance Penalty and Shadow Price Cap Updates to Align with PUCT Approved High System-Wide Offer Cap — Vote · --
4.1.12 OBDRR038, Minimum Contingency Level Updates to Align with PUCT Order — Vote · --
4.1.13 PGRR099, Revise GIM Process to Ensure Compliance with the Lone Star Infrastructure Protection Act — Vote · --
4.1.14 RMGRR169, Related to NPRR1095, Texas SET V5.0 Changes — Vote · --
4.1.15 SCR816, CRR Auction Bid Credit Enhancement — Vote · --
4.1.16 SCR817, Related to NPRR1095, MarkeTrak Validation Revisions Aligning with Texas SET V5.0 — Vote · --
4.1.17 SCR819, Improving IRR Control to Manage GTC Stability Limits – URGENT — Vote · --
4.2 High System-Wide Offer Cap (HCAP) Parameter Change - Alignment with Public Utility Commission of Texas (PUCT) Direction on the Operating Reserve Demand Curve (ORDC) Design — Vote · --
5. Review of ERCOT Corporate Governance and Selection of Board Committees — Vote · Chad V. Seely/Jonathan Levine
6. Date Changes for 2022 Board Meetings and Annual Meeting of Members — Vote · Chair
7. Proposed 2023 Board Meeting and Annual Meeting Schedule — Discussion · Chair
8. General Session Meeting Minutes — Vote · Chair
8.1 December 9-10, 2021 Meeting Minutes — Vote · --
8.2 January 17-18, 2022 Special Meeting Minutes — Vote · --
9. CEO Update — Discussion · Brad Jones
10. Overview of ERCOT, Inc. Budget and Finances — Discussion · Sean Taylor
11. Review 2021 Financial Summary — Discussion · Sean Taylor
12. Forecast Adequacy of the Budgeted System Administration Fee — Discussion · Sean Taylor
13. Election of Interim Chief Executive Officer and Ratification of Officers — Vote · Chair
14. Human Resources Operations Report — Discussion · Mara Spak
15. Strategic Goal Update and Review of Q4 2021 Key Performance Indicators (KPIs) — Discussion · Kristi Hobbs
16. Independent Market Monitor (IMM) Report — Discussion · IMM
17. TAC Report — Discussion · TAC Chair
17.1
Non-Unanimous Revision Requests Recommended by TAC for Approval — Vote · --
- 17.1 Non-Unanimous Revision Requests
17.1.1 NPRR1120, Create Firm Fuel Supply Service – URGENT — Vote · --
17.1.2 OBDRR039, ORDC Changes Related to NPRR1120, Create Firm Fuel Supply Service — Vote · --
17.1.3 PGRR095, Establish Minimum Deliverability Criteria — Vote · --
18. Ratification of Principal Office Designation — Vote · Chad V. Seely
19. Proposed Modifications to Form Ethics Agreement for Directors — Vote · Chad V. Seely
20. 2021 Internal Revenue Service Form 990 Questionnaire — Discussion · Sean Taylor
21. Other Business — Discussion · Chair
Convene Executive Session · --
Risk Management Matters — Discussion · Staff
Recess Meeting until 9:00 a.m., Tuesday, March 8, 2022 · --
22. Reconvene General Session and Announce Proxies — Discussion · Chair
23. Other Business — Discussion · Chair
Reconvene Executive Session · --
Executive Session Meeting Minutes — Vote · Chair
December 9-10, 2021 Meeting Minutes — Vote · --
January 17-18, 2022 Special Meeting Minutes — Vote · --
Periodic Report on Internal Audit Activity — Discussion · Penny Rychetsky
Security Matters — Discussion · Staff
Compliance Update — Discussion · Staff
Contract Matters — Discussion · Staff
Litigation and Regulatory Matters — Discussion · Staff
Personnel — Discussion · Staff
Reconvene General Session · --
24. Vote on Matters from Executive Session — Vote · Chair
25. Adjournment · Chair