Meeting · FINANCE_AUDIT

ERCOT Finance & Audit Committee Meeting

Concluded date 2008-08-19 time 07:30–10:00 ercot.com

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

Agenda 21 items

1. Call to order Executive Session — C. Karnei · 7:30am
2. a. Approval of executive session minutes (07/15/08) Vote — C. Karnei · 7:30am
b. Internal Audit status report — B. Wullenjohn · 7:32am
c. Update on timeline for 2009 Internal Audit plan — B. Wullenjohn · 7:35am
d. Internal Audit 2008 goals update — B. Wullenjohn · 7:40am
e. EthicsPoint update — B. Wullenjohn · 7:50am
f. SAS 70 auditor selection for 2009 Vote — B. Wullenjohn / S. Byone · 7:55am
g. Financial auditor selection for financial year 2008 Vote — M. Petterson / S. Byone · 8:00am
h. Financing plan proposal Vote — C. Yager · 8:05am
Recess Executive Session · 8:50am
Convene General Session
3. Approval of general session meeting minutes (07/15/08) Vote — C. Karnei · 8:50am
4. Vote on matters from Executive session Vote — C. Karnei · 8:52am
5. Application of the 2007 actual vs. budget revenue requirement variance Vote · 9:00am
a. POLR compensation proposal — D. Ballard
b. Prior Committee action — C. Karnei
6. Quarterly review of investment results — C. Yager · 9:25am
7. Credit update — C. Yager · 9:35am
8. Committee Briefs (Q&A only) — All · 9:45am
9. Future agenda items — S. Byone · 9:50am
Adjourn ISO meeting — C. Karnei · 9:55am