Meeting · FINANCE_AUDIT

ERCOT Finance & Audit Committee Meeting

Concluded date 2009-05-20 time 07:30–09:55 ercot.com

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

Agenda 23 items

1. Call to order Executive Session — C. Karnei · 7:30am
2. a. Approval of executive session minutes (04/22/09) Vote — C. Karnei · 7:30am
b. Approval of executive session minutes (03/17/09) Vote — C. Karnei · 7:32am
c. Internal Audit status report — B. Wullenjohn · 7:35am
d. Internal Audit 2009 goals update — B. Wullenjohn · 7:40am
e. EthicsPoint update — B. Wullenjohn · 7:50am
3. a. Debt financing and liability risk management — C. Yager · 7:55am
b. Preview of BOD insurance update — C. Yager · 8:25am
c. External audit draft Request For Proposal — M. Petterson · 8:30am
4. Contracts, personnel, litigation and security — Various · 8:45am
Recess Executive Session · 8:50am
Convene General Session
5. Approval of general session meeting minutes (04/22/09) Vote — C. Karnei · 8:50am
6. Vote on items from executive session Vote — C. Karnei · 8:52am
7. Approval of Internal Audit department charter Vote — B. Wullenjohn · 8:55am
8. 2009 Operating budget update — M. Petterson · 9:00am
9. 2010 Budget assumptions and planning — M. Petterson · 9:10am
10. Investment status update — C. Yager · 9:20am
11. Market Credit Risk Standard Vote — C. Karnei · 9:25am
12.
Market Credit Work Group proposal for market losses — M. Davies · 9:30am
- Item 12 - MCWG Presentation to FA 052009 ejh · Committee Report
13. Committee Briefs (Q&A only) — All · 9:45am
14. Future agenda items — S. Byone · 9:50am
Adjourn ISO meeting — C. Karnei · 9:55am