Meeting · BOARD

Board of Directors Meeting

Concluded date 2025-04-07 time 15:00–17:00 ercot.com

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

Revision Requests On The Agenda

NOGRR274NPRR1190NPRR1217NPRR1234NPRR1241NPRR1256NPRR1268NPRR1269NPRR1270NPRR1273PGRR115PGRR119SCR829SMOGRR028VCMRR042

Agenda 70 items

Convene General Session
1. Call General Session to Order · Chair
2. Notice of Public Comment, if Any — Discussion · Chair
3. Dissolve Establishment and Appointment of Reliability and Markets (R&M) Committee — Vote · Chair
4. February 3, 2025 Reliability and Markets Committee General Session Meeting Minutes — Discussion · Chair
5. Commercial Markets · --
5.1
Recommendation regarding Real-Time Market Price Correction – Incorrect Resource Telemetry MW Values When QSE Sends Suspect Quality Telemetry — Vote · Gordon Drake
- 5.1 Recommendation regarding Real-Time Market Price Correction – Incorrect Resource Telemetry MW Values When QSE Sends Suspect Quality Telemetry - Attachments
5.2 Independent Market Monitor (IMM) Report — Discussion · IMM
5.3 Commercial Markets Update — Discussion · Keith Collins
5.3.1 Real-Time Co-optimization Update — Discussion · Matt Mereness
Recess Meeting until 10:00 a.m., · --
Tuesday, April 8, 2025
Reconvene General Session 10:00 a.m., · --
Tuesday, April 8, 2025
6. Consent Agenda — Vote · Chair / Chad V. Seely
6.1
Unopposed Revision Requests Recommended by TAC for Approval — Vote · Chair
- 6.1 Unopposed Revision Requests Recommended by TAC for Approval - Attachments
6.1.1 NPRR1234, Interconnection Requirements for Large Loads and Modeling Standards for Loads 25 MW or Greater — Vote · Chair
6.1.2 NPRR1241, Firm Fuel Supply Service (FFSS) Availability and Hourly Standby Fee — Vote · Chair
6.1.3 NPRR1256, Settlement of MRA of ESRs — Vote · Chair
6.1.4 NPRR1268, RTC – Modification of Ancillary Service Demand Curves — Vote · Chair
6.1.5 NPRR1270, Additional Revisions Required for Implementation of RTC – URGENT — Vote · Chair
6.1.6 NPRR1273, Appropriate Accounting for ESRs in PRC Calculation – URGENT — Vote · Chair
6.1.7 NOGRR274, Conform Nodal Operating Guide to Revisions Implemented for NPRR1217, Remove Verbal Dispatch Instruction (VDI) Requirement for Deployment and Recall of Load Resources and Emergency Response Service (ERS) Resources – URGENT — Vote · Chair
6.1.8 PGRR115, Related to NPRR1234, Interconnection Requirements for Large Loads and Modeling Standards for Loads 25 MW or Greater — Vote · Chair
6.1.9 PGRR119, Stability Constraint Modeling Assumptions in the Regional Transmission Plan — Vote · Chair
6.1.10 SCR829, API for the NDCRC Application — Vote · Chair
6.1.11 SMOGRR028, Add Series Reactor Compensation Factors — Vote · Chair
6.1.12 VCMRR042, SO2 and NOx Emission Index Prices Used in Verifiable Cost Calculations — Vote · Chair
7. General Session Meeting Minutes — Vote · Chair
7.1 February 4, 2025 General Session Meeting Minutes — Vote · Chair
7.2 February 25, 2025 General Session Special Meeting Minutes — Vote · Chair
8. CEO Update — Discussion · Pablo Vegas
8.1 Long-Term Load Forecast Update (2025–2031) and Methodology Changes — Discussion · Pablo Vegas / Woody Rickerson / Richard Scheel
9. Update on Texas Economy — Discussion · Pia Orrenius, Federal Reserve Bank of Dallas Vice President
10. Reliability Monitor Update — Discussion · Brandon Gleason
11. ERCOT Lancium Patent License Agreement Disclosure — Discussion · Chad V. Seely
Break
12. TAC Report — Discussion · TAC Chair
12.1
Non-Unanimous and Other Selected Revision Requests Recommended by TAC for Approval — Vote · TAC Chair
- 12.1 Non-Unanimous and Other Selected Revision Requests Recommended by TAC for Approval - Attachments
12.1.1
NPRR1190, High Dispatch Limit Override Provision for Increased Load Serving Entity Costs — Vote · Chair
- 12.1.1 NPRR1190, High Dispatch Limit Override Provision for Increased Load Serving Entity Costs
12.1.2 NPRR1269, RTC+B Three Parameters Policy Issues – URGENT — Vote · Chair
12.1.2.1
ERCOT Comments on NPRR1269 — Discussion · Keith Collins
- 12.1.2.1 ERCOT Comments on NPRR1269
12.1.2.2
Other Comments on NPRR1269, if any — Discussion · Commenters
- 12.1.2.2 Other Comments on NPRR1269, if any
13. High-Impact Policy Discussions in the Stakeholder Process — Discussion · Rebecca Zerwas / Ann Boren
14. System Planning and Operations · --
14.1 Exit Strategy for Reliability Must Run (RMR) of Braunig Unit(s) and/or Life Cycle Power Agreements — Discussion · Kristi Hobbs
14.2 System Planning and Weatherization Update — Discussion · Kristi Hobbs
14.3 System Operations Update — Discussion · Dan Woodfin
15. Update on Segment Definitions in the Bylaws — Discussion · Chad V. Seely
16. Board Committee Reports · --
16.1 Finance and Audit (F&A) Committee — Discussion · F&A Chair
16.1.1 Acceptance of ERCOT Consolidated Financial Statements Audit Report — Vote · Chair
16.1.2 Acceptance of Texas Electric Market Stabilization Funding M LLC Financial Statements Audit Report — Vote · Chair
16.1.3 Acceptance of Texas Electric Market Stabilization Funding N LLC Financial Statements Audit Report — Vote · Chair
16.2 Human Resources and Governance (HR&G) Committee — Discussion · HR&G Chair
16.2.1 Reaffirmation of the Board Policies and Procedures — Vote · Chair
16.3 Technology and Security (T&S) Committee — Discussion · T&S Chair
17. Other Business — Discussion · Chair
Convene Executive Session · --
Executive Session Meeting Minutes — Vote · Chair
February 4, 2025 Executive Session Meeting Minutes — Vote · Chair
February 25, 2025 Executive Session Special Meeting Minutes — Vote · Chair
Risk Management and Other Matters Authorized for Consideration in a Closed Meeting pursuant to Government Code Chapter 551 — Discussion · Staff
Board-only Discussion of Risk Management and Other Matters Authorized for Consideration in a Closed Meeting pursuant to Government Code Chapter 551 — Discussion · Chair
Reconvene General Session · --
18. Vote on Matters from Executive Session — Vote · Chair
18.1 Selection of Independent Financial Auditor for ERCOT Consolidated Financial Statements — Vote · Chair
18.2 Selection of Independent Financial Auditor for Texas Electric Market Stabilization Funding M LLC Financial Statements — Vote · Chair
18.3 Selection of Independent Financial Auditor for Texas Electric Market Stabilization Funding N LLC Financial Statements — Vote · Chair
19. Adjournment · Chair