Meeting · FINANCE_AUDIT

Finance and Audit Committee Meeting

Concluded date 2007-10-16 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 (09/18/07) Review draft of 2008 internal audit plan Internal Audit status report EthicsPoint update Vote — C. Karnei B. Wullenjohn B. Wullenjohn B. Wullenjohn · 8:00am
Adjourn to Open Session
3. Approval of general session minutes (09/18/07) Vote — C. Karnei · 8:30am
4. Review and approval of standard guarantee and letter of credit agreement modification(s) Vote — S. Vincent · 8:31am
5. Update on ERCOT ERM program — P. DiPastena · 8:35am
6. Quarterly investment performance update — S. Byone · 9:05am
7. Review of PwC non audit fees - 2008 subscription renewal — M. Petterson · 9:10am
8. Texas RE/ISO independence discussion — L. Grimm S. Byone · 9:15am
9. Committee Briefs (Q&A only) — All · 9:30am
10. Future agenda items — S. Byone · 9:40am
Adjourn ISO meeting · 9:45am