Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2005-07-19 time 07:30–09:10 ercot.com

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

Agenda 10 items

1. Approval of June 17, 2005 Minutes — C. Karnei · (5 min)
2. Budget Status & Schedule — D. Kasper · (15 min)
3. Financial Floating vs Fixed Rate -- PUC Response Forecast of Financials for 2005 year end Vote — S. ByoneM. Petterson · (10 min) (5 min)
4. Credit Update Status of TAC Task Force activity Status of TNT Credit Collateral Status with QSE’s — C. Yager · (10 min)
5. Audit Updates Financial Audits -- 2004/2003 SAS 70 -- Plan/Briefing Internal Audit 2005 Plan — S. BarryS. BarryE. Ettorre · (10 min)(5 min)(10 min)
6. Capitalized Project Update — R. Connell · (10 min)
7. Deloitte & Touche Completion of ICMP implementation — R. Penshorn · (15 min)
8. Future Agenda Items Budget Presentation (public meeting Aug. 3; Special F&A Committee Meeting Aug 8) Enterprise Risk Management (ERM) Internal Control Management Process (ICMP) Selection process for 2006 Auditors — R. Bowman/T. Schrader · (5 min)
Next Finance & Audit Committee Meeting -- August 16, 2005
Adjourn to Executive Session — C. Karnei · 9:10 AM