Meeting · BOARD

Board of Directors Meeting

Concluded date 2012-04-16 time 09:00–17:00 ercot.com

LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 Room 206

Revision Requests On The Agenda

NPRR327NPRR357NPRR374NPRR393NPRR394NPRR397NPRR402NPRR405NPRR419NPRR421NPRR424NPRR430NPRR431NPRR433NPRR448NPRR449NPRR450NPRR451PGRR012PGRR013PGRR014SCR768SCR769

Agenda 45 items

1. Call Open Session to Order and Announce Proxies at 9:00 a.m. on Monday, April 16, 2012 · Chair
2. Status Update of the Brattle Group’s Evaluation of ERCOT Investment Incentives* — Discussion · Joel Mickey Brattle Group
Convene Executive Session · --
Break · --
3. Contract Matters* — Discussion · Joel Mickey Brattle Group
4. Litigation and Regulatory Matters* — Discussion · Bill Magness
Recess until 9:00 a.m. on Tuesday, April 17, 2012; Reconvene Open Session · --
5. Reconvene Open Session and Announce Proxies at 9:00 a.m. on Tuesday, April 17, 2012 · Chair
6.
Consent Agenda: · Unopposed Revision Requests Recommended by Technical Advisory Committee (TAC) for Approval: - Nodal Protocol Revision Request (NPRR) 393, Security Constrained Economic Dispatch (SCED) Constraint Management Transparency; - NPRR394, Outage Reporting; - NPRR397, Balance of the Day Ancillary Service Market; - NPRR402, Clarification of Pre-Day-Ahead Market (DAM) Reliability Unit Commitment (RUC) Instruction Sequence; - NPRR419, Revise Real-Time Energy Imbalance and Reliability Must Run (RMR) Adjustment Charge - NPRR421, Clarification of RMR Notification; - NPRR424, Reactive Capability Testing Requirements for Intermittent Renewable Resources (IRRs) - NPRR430, Corrections Related to NPRR357, Revisions to Collateral Requirements Concerning Congestion Revenue Rights (CRR) Auctions, and Clarification to Collateral Requirements; - NPRR431, Board Priority Revision Requests; - NPRR433, Clarification of Ancillary Service Obligation Calculation Process; - NPRR448, Clarification of Database Query Results - Urgent - NPRR449, Reduce Maximum CRR Transaction Limit in Auctions - Urgent - Planning Guide Revision Request (PGRR) 010, New Planning Guide Section 6.7, ERCOT Data Dictionary; - PGRR012, Dynamics Working Group Guidelines; - PGRR013, New Section 6.3, Process for Developing Short Circuit Cases [Portion of System Protection Working Group (SPWG) Procedures]; - PGRR014, Synchronization with NPRR374, Modification of System Change Request (SCR) Process and Urgency Requirements; - SCR768, Automatic Non-Spin Redeployment and Deployment Based on Resource Availability; and - SCR769, Congestion Revenue Rights Account Holder (CRRAH) Digital Certificate New Role for Read Only Access
- Item 06 - 393NPRR-19 WMS Comments 041612 · Revision Request Comments
- Item 06 - Unopposed Revision Requests Recommended by TAC
7. February 21, 2012 Meeting Minutes* — Vote · Chair
8. Update on March 16, 2012 Special Meeting of Corporate Members* — Discussion · Bill Magness
9. Chief Executive Officer (CEO) Update* — Discussion · Trip Doggett
10.
Financial Summary and Operating Reports* — Discussion · Trip Doggett
- Item 10 - Financial Summary and Operating Reports
Break · --
11. Scenario Analysis - Natural Gas Risk Study* — Discussion · Kent Saathoff
12. Independent Market Monitor (IMM) Report* — Discussion · Dan Jones
13. Technical Advisory Committee (TAC) Update* — Discussion · TAC Chair
a. Non-Unanimous Revision Requests Recommended by TAC for Approval* - NPRR327, State Estimator Data Redaction Methodology - NPRR405, Clarification of Direct Current (DC) Tie Load into Operational Systems and Processes - NPRR450, Revise Requirements for Contracts to Procure Additional Capacity to Alleviate Emergency Conditions - Urgent - NPRR451, Implementation of New P.U.C. SUBST. Rule 25.507, Electric Reliability Council of Texas (ERCOT) Emergency Response Service (ERS) - Urgent — Vote · --
- Item 13a - Revision Requests with Opposing Votes
14. Finance & Audit (F&A) Committee Report — Discussion · Clifton Karnei
a. Approval of Modifications to the Standard Form Surety Bond* — Vote · --
- Item 14a - Approval of Modifications to Standard Form Surety Bon
b. Approval of F&A Committee Charter* — Vote · --
- Item 14b - Approval of Finance and Audit Committee Charter
c. Approval of Financial Corporate Standard* — Vote · --
- Item 14c - Approval of Financial Corporate Standard
d. Approval of Investment Corporate Standard* — Vote · --
- Item 14d - Approval of Investment Corporate Standard
e. Acceptance of 2011 Audited Financial Statements* — Vote · --
- Item 14e - Acceptance of 2011 Financial Statement Audit
Lunch · --
15. H.R. & Governance (HR&G) Committee Report — Discussion · Andrew Dalton
a. Approval of HR&G Committee Charter* — Vote · --
- Item 15a - Approval of HR&G Committee Charter
b. Annual Status Report Concerning 2011 Activities of the Benefits Committee* — Discussion · --
16. Proposed Modifications to 2012 Board Meeting Schedule, including 2012 Strategic Planning Event* — Discussion · --
17. Quarterly Board Strategic Planning Update* — Discussion · Trip Doggett
18.
Adjunct Membership Approval of Siemens Energy for Membership Year 2012* — Vote · Bill Magness
- Item 18 - Adjunct Membership Approval of Siemens Energy
19. Future Agenda Items — Discussion · Chair
20. Other Business — Discussion · Chair
Break · --
Convene to Executive Session · --
21. February 21, 2012 Executive Session Meeting Minutes* — Vote · Chair
22. Personnel — Discussion · Chuck Manning
23. Security Update — Discussion · Chuck Manning
24. Compliance Update — Discussion · Chuck Manning
25. Risk Management Matters — Discussion · Mark Ruane
26. Litigation and Regulatory Matters - Continued — Discussion · Bill Magness
27. Contract Matters - Continued — Discussion · Staff
Reconvene to Open Session · --
28. Vote on Matters from Executive Session — Vote · Chair
29. Adjourn · Chair

Documents 1

Name	Doc Type	Type	Posted
2012-04-16 and 17 Board Agenda	Meeting Agenda	doc	Apr 9 '12

Name

Doc Type

Type

Posted

2012-04-16 and 17 Board Agenda

Meeting Agenda

doc

Apr 9 '12