Meeting · FINANCE_AUDIT

ERCOT Finance and Audit Committee Meeting

Concluded date 2008-06-17 time 08:30–10:00 ercot.com

LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 Room 168

Agenda 21 items

1. Call to order Executive Session — M. Espinosa · 8:00am
2. a. Approval of executive session minutes (05/20/08) Vote — M. Espinosa · 8:00am
b. Internal Audit status report — B. Wullenjohn · 8:02am
c. EthicsPoint update — B. Wullenjohn · 8:05am
d. Quarterly private discussion with Chief Audit Executive — B. Wullenjohn · 8:10am
e. Business continuity plan and 2008 SAS 70 audit — B. Wullenjohn / S. Grendel · 8:15am
f. 2009 Audit services planning — B. Wullenjohn · 8:20am
Recess Executive Session · 8:35am
Convene General Session
3. Approval of general session meeting minutes (05/20/08) Vote — M. Espinosa · 8:35am
4. Application of the 2007 actual vs budget revenue requirement variance Vote — M. Petterson · 8:37am
5. Review procedures for handling reporting violations — M. Petterson · 8:50am
6. Credit update — C. Yager · 8:55am
7. Review of liquidity management and debt capacity — C. Yager · 9:10am
8. Review the company’s dealings with any financial institutions that are also market participants — C. Yager · 9:25am
9. Update on investments — C. Yager · 9:30am
10. Review of delegation of authority — M. Petterson · 9:35am
11. Financial statement audit wrap-up — S. Barry · 9:40am
12. Committee Briefs (Q&A only) — All · 9:45am
13. Future agenda items — S. Byone · 9:50am
Adjourn ISO meeting — M. Espinosa · 9:55am