Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2007-04-18 time 07:30–10:00 ercot.com

LocationHilton - Austin Airport 9515 Hotel Dr. Austin, TX 78719 , Conference Room Wildflower

Agenda 19 items

1. Adjourn to Executive Session
Review of Internal Audit Department Charter — B. Wullenjohn · 7:30 a.m.
Internal Audit Department status report — B. Wullenjohn · 7:40 a.m.
EthicsPoint update — S. Maslon · 7:50 a.m.
Reconvene to General Session · 7:55 a.m.
2. Approval of minutes (3/21/07) Vote — C. Karnei · 7:55 a.m.
3. Finance & Audit Committee Charter Vote — S. Vincent · 8:00 a.m.
4. Approval of Credit Workshop meeting minutes (3/5/07) Vote — C. Yager · 8:10 a.m.
5. Approval of Credit Work Group Charter Vote — M. Davies · 8:20 a.m.
6. Report by Credit Work Group Chair on ERCOT credit matters — M. Davies · 8:30 a.m.
7. Credit Work Group Chair/Vice Chair Vote — C. Yager · 8:35 a.m.
8. Review proposed RFP for third party credit review — C. Yager · 8:40 a.m.
9. Review results of annual audit (Vote to accept independent auditor's report) — M. Petterson · 8:50 a.m.
10. Debt financing and liability management Vote — C. Yager · 9:10 a.m.
11. Preview proposed Texas Regional Entity 2008 budget and timeline — L. Grimm · 9:30 a.m.
12. Quarterly investment performance update — C. Yager · 9:45 a.m.
13. Committee briefs (Q & A only) — All · 9:50 a.m.
14. Future agenda items — S. Byone · 9:55 a.m.
Adjourn · 10:00 a.m.