Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2007-08-21 time 08:00–10:00 ercot.com

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

Agenda 12 items

1. Call to order — C. Karnei · 8:00am
2. Adjourn to Executive Session Approval of executive session minutes (07/17/07) Revised Procedure for Employee Background & Reference Checks Internal Audit status report Update on Internal Audit department 2007 goals EthicsPoint update Identity & Access Management project update Legal advice and counsel SAS 70 Auditor Selection for 2008 Vote — C. Karnei N. Capezzuti B. Wullenjohn B. Wullenjohn B. Wullenjohn D. Troxtell A. Gallo B. Wullenjohn
Adjourn to Open Session · 8:40am
3. Approval of ISO general session minutes (07/17/07) (08/07/07) Vote — C. Karnei · 8:40am
4. Update on 2007 SAS 70 — S. Barry · 8:41am
5. Update on third party credit review — C. Yager · 8:50am
6. Creditworthiness standards update Vote — C. Yager · 8:55am
7. Recommendation of 2008 budget Preliminary review of 2009 budget Vote — M. Petterson · 9:05am
8. Preview Compliance and ERM update (Q&A only) — S. Byone · 9:35am
9. Committee Briefs (Q&A only) — All · 9:40am
10. Future agenda items — S. Byone · 9:50am
11. Adjourn ISO meeting · 9:55am