Meeting · BOARD

Board of Directors Meeting

Concluded date 2022-04-28 time 08:30–16:30 ercot.com

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

Revision Requests On The Agenda

NPRR1092NPRR1096NPRR1108NPRR1112NPRR1116NPRR1117NPRR1122NPRR1123NPRR1124NPRR1125PGRR096PGRR098SCR818SMOGRR025

Agenda 62 items

1. Call General Session to Order and Announce Proxies · Chair
Convene Executive Session · --
March 7-8, 2022 Executive Session Meeting Minutes — Vote · Chair
Risk Management Matters — Discussion · Staff
Security Matters — Discussion · Staff
Compliance Update — Discussion · Staff
Contract Matters — Discussion · Staff
Litigation and Regulatory Matters — Discussion · Chad V. Seely
Selection of Independent Financial Auditor — Discussion · Staff
Personnel — Discussion · Staff
Reconvene General Session · --
2. Vote on Matters from Executive Session — Vote · Chair
3. Notice of Public Comment, if Any — Discussion · Chair
4. Review of ERCOT Corporate Governance and Stakeholder Process — Discussion · Chair/Chad V. Seely
5. Confirmation of Election of the Technical Advisory Committee (TAC) Chair and Vice Chair for 2022 — Vote · Chair
6. Consent Agenda — Vote · Chair
6.1
Unopposed Revision Requests Recommended by TAC for Approval — Vote · --
- 6.1 Unopposed Revision Requests
6.1.1 NPRR1116, Remove Obsolete Reference to Market Information System (MIS) — Vote · --
6.1.2 NPRR1117, Related to SMOGRR025, Modifications to Line Loss Compensation Requirement for EPS Metering — Vote · --
6.1.3 NPRR1122, Clarifications for PURA Subchapter M Securitization Default Charges – URGENT — Vote · --
6.1.4 NPRR1123, Clarifications for PURA Subchapter N Securitization Uplift Charges – URGENT — Vote · --
6.1.5 NPRR1125, Use of Financial Security for Securitization Default Charge and Securitization Uplift Charge Invoices and Escrow Deposit Requests – URGENT — Vote · --
6.1.6 PGRR096, Achieve Consistent Representation of Distributed Generation in Steady-State Models — Vote · --
6.1.7 PGRR098, Consideration of Load Shed in Transmission Planning Criteria — Vote · --
6.1.8 SMOGRR025, Modifications to Line Loss Compensation Requirement for EPS Metering — Vote · --
6.2 Minimum Duration Threshold for Energy Storage Resources — Vote · --
7. 2023 ERCOT Board Meeting and Annual Meeting Schedule — Discussion · --
8. March 7-8, 2022 General Session Meeting Minutes — Vote · Chair
9. CEO Update — Discussion · Brad Jones
10. Independent Market Monitor (IMM) Report — Discussion · IMM
11. TAC Report — Discussion · TAC Chair
11.1
Non-Unanimous Revision Requests Recommended by TAC for Approval — Vote · --
- 11.1 Non-Unanimous Revision Requests
11.1.1 NPRR1092, Reduce RUC Offer Floor and Remove RUC Opt-Out Provision — Vote · --
11.1.2 NPRR1096, Require Sustained Two-Hour Capability for ECRS and Four-Hour Capability for Non-Spin — Vote · --
11.1.3 NPRR1124, Recovering Actual Fuel Costs through RUC Guarantee – URGENT — Vote · --
11.1.4 SCR818, Changes to Incorporate GIC Modeling Data into Existing Modeling Applications — Vote · --
11.2 TAC Recommendation Opposition of ERCOT on NPRR1108, ERCOT Shall Approve or Deny All Resource Outage Requests – URGENT — Vote · --
11.2.1
Background Information · --
- 11.2.1 Background Information
11.2.2
Position Statement of ERCOT · Staff
- 11.2.2 Position Statement of ERCOT
11.2.3 TAC Advocate Presentation of TAC Action · TAC Advocate
11.2.4 Additional Comments, if Any · Staff
11.2.5 Closing Statement of ERCOT · Staff
11.3 TAC Recommendation Opposition of ERCOT on NPRR1112, Reduction of Unsecured Credit Limits – URGENT — Vote · --
11.3.1
Background Information · --
- 11.3.1 Background Information
11.3.2
Position Statement of ERCOT · Staff
- 11.3.2 Position Statement of ERCOT
11.3.3 TAC Advocate Presentation of TAC Action · TAC Advocate
11.3.4 Additional Comments, if Any · Staff
11.3.5 Closing Statement of ERCOT · Staff
12. ERCOT Recommendations to PUC Project No. 46304, Oversight Proceeding Regarding ERCOT Matters Arising Out of PUC Docket No. 45624 Relating to DC Tie Project Proposed by Southern Cross Transmission, LLC — Vote · Janice Ayson/John Bernecker
12.1 Directive 6 – ERCOT Determination regarding Any Needed Transmission Upgrades — Vote · --
12.2 Directive 8 – ERCOT Determination regarding Voltage Support — Vote · --
13. Revision to 2022 ERCOT Methodologies for Determining Minimum Ancillary Service Methodology Requirements – Recommendation on Minimum Capacity of Non-Spin Required from SCED Dispatchable Resources — Vote · Nitika Mago
14. Approval of Standard Form Letter of Credit for Satisfying Securitization Default Charge Credit Requirements for PURA Chapter 39, Subchapter N — Vote · Chad V. Seely
15. Finance and Audit (F&A) Committee Report — Discussion · F&A Chair
15.1 Financial Corporate Standard — Vote · --
15.2 Investment Corporate Standard — Vote · --
15.3 Acceptance of Financial Statements Audit Report — Vote · --
16. Human Resources and Governance (HR&G) Committee Report — Discussion · HR&G Chair
17. Reliability and Markets (R&M) Committee Report — Discussion · R&M Chair
17.1 Market Credit Risk Corporate Standard — Vote · --
18. Other Business — Discussion · Chair
19. Adjournment · Chair