Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2007-05-16 time 07:30–10:00 ercot.com

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

Agenda 19 items

1. Adjourn to Executive Session
Approval of Internal Audit department charter — B. Wullenjohn · 7:30 a.m.
Internal Audit Department status report — B. Wullenjohn · 7:35 a.m.
Update on Internal Audit 2007 goals — B. Wullenjohn · 7:45 a.m.
EthicsPoint update — S. Maslon · 7:50 a.m.
Security assessment update — J. Brenton · 7:55 a.m.
Reconvene to General Session · 8:05 a.m.
2. Approval of minutes (04/18/07) (05/04/07) Vote — C. Karnei · 8:05 a.m.
3. Finance & Audit Committee Charter Vote — S. Vincent · 8:10 a.m.
4. Approval of Credit Work Group Charter Vote — C. Yager · 8:25 a.m.
5. Update on Credit Review RFP — C. Yager · 8:30 a.m.
6. Authority for additional debt financing Vote — C. Yager · 8:45 a.m.
7. Review results of and vote on acceptance of benefit plan financial audit Vote — L. Porter · 8:50 a.m.
8. Briefing on preliminary 2008 budget schedule and assumptions — M. Petterson · 9:00 a.m.
9. Update on Texas Regional Entity 2008 budget — L. Grimm · 9:10 a.m.
10. Update on Nodal surcharge filing — S. Byone · 9:25 a.m.
11. Committee briefs (Q & A only) — All · 9:35 a.m.
12. Future agenda items — S. Byone · 9:40 a.m.
Adjourn · 9:45 a.m.