Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2007-07-17 time 08:00–10:00 ercot.com

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

Agenda 15 items

1. Call to Order — C. Karnei · 8:00 am
2. Adjourn to Executive Session
2a. Approval of executive session minutes (06/19/07) Vote — C. Karnei · 8:00 am
2b. EthicsPoint update — B. Wullenjohn · 8:05 am
2c. Internal Audit status report — B. Wullenjohn · 8:10 am
2d. SAS 70 auditor selection for 2008 — B. Wullenjohn · 8:20 am
Adjourn to Open Session · 8:35 am
3. Approval of ISO general session minutes (06/19/07) Vote — C. Karnei · 8:35 am
4. Selection of vendor for third party credit review Vote — C. Yager · 8:40 am
5. Credit Work Group update creditworthiness standards — M. Davies · 8:45 am
6. Quarterly investment performance update — C. Yager · 8:55 am
7. Preliminary 2008-2009 budget review — M. Petterson · 9:00 am
8. Committee Briefs (Q&A only) — All · 9:45 am
9. Future agenda items — S. Byone · 9:55 am
10. Adjourn ISO meeting · 10:00 am