Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2006-06-20 time 08:00–10:00 ercot.com

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

Agenda 17 items

1. Approval of Minutes* (05/16/06) Vote — D Hayslip · 8:00 a.m.
2. Review PwC 2005 financial audit recommendations — M Petterson · 8:05 a.m.
3. Procedures for handling reporting violations (whistle-blower) — C Vance · 8:20 a.m.
4. Review external auditor pre-approval status — M Petterson · 8:25 a.m.
5. Review and approve ERCOT annual report — D Roark/M Petterson · 8:30 a.m.
6. Committee Briefs — All
- Risk Stop Light Changes — D Meek · 8:35 a.m.
7. Plan for PUCT involvement in 2007 Budget Preparation — S Byone/Lane Lanford/P Mueller · 8:45 a.m.
8. Nodal Funding Update — C Yager · 9:00 a.m.
9. Future Agenda Items/Other Topics — S Byone · 9:10 a.m.
10. Adjourn to Executive Session · 9:15 a.m.
- Compliance Update — D Meek · 9:15 a.m.
- Approval of Revised 2006 Internal Audit Plan — B Wullenjohn · 9:20 a.m.
- Update on Internal Audit Staffing — B Wullenjohn
- Significant Audit Findings — C Vance
- Ethics Point — C Vance
Adjourn · 9:55 a.m.