Meeting · FINANCE_AUDIT

ERCOT Finance & Audit Committee Meeting

Concluded date 2008-11-17 time 07:30–10:00 ercot.com

LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 Room 206

Agenda 27 items

1. Call to order Executive Session — C. Karnei · 7:30am
2. a. Approval of executive session minutes (10/21/08) Vote — C. Karnei · 7:30am
b. Internal Audit status report — B. Wullenjohn · 7:33am
c. Update on proposed 2009 Internal Audit plan — B. Wullenjohn · 7:40am
d. Internal Audit 2008 goals update — B. Wullanjohn · 7:55am
e. EthicsPoint update — B. Wullenjohn · 8:00am
Recess Executive Session · 8:10am
Convene General Session
3. Approval of general session meeting minutes (10/21/08) Vote — C. Karnei · 8:10am
4. Update on SAS 70 audit — S. Barry · 8:15am
5. Collateral Management — C. Yager · 8:20am
6. Review and approval of standards · 8:40am
- Financial Vote — C. Yager
- Investment — C. Yager
7. Financial update · 8:50am
- 2008 year end projections — M. Petterson
- Timeline for approval of revised 2009 base operating budget — M. Petterson
- Timeline for Nodal program budget — R. Hinsley
- Nodal interim rate relief request Vote — C. Yager
8. Approval of audit committee meeting planner for the upcoming year, confirm mutual expectations with management and the auditors — All · 9:10am
9. Perform Finance & Audit Committee self assessment — C. Karnei · 9:15am
10. Market participant guarantee agreements — T. Coffing · 9:20am
11. Review CWG charter and membership requirements Vote — T. Coffing · 9:30am
12. Update on status of Market Credit Risk Standard — T. Coffing / C. Yager · 9:40am
13. Committee Briefs (Q&A only) — All · 9:45am
14. Future agenda items — S. Byone · 9:50am
Adjourn ISO meeting — C. Karnei · 9:55am