Finance and Audit Committee Meeting


January 17, 2011
1:00 PM - 3:00 PM
ERCOT Austin Room 206
7620 Metro Center Dr.
Austin, TX 78744

Agenda

1.

a.  Call to order General Session

T. Doggett

1:00pm

 

 

b.  Elect Chairman and Vice Chairman (Vote)

T. Doggett

1:01pm

 

2.

Confirm financial qualifications and committee membership

Chairman

1:05pm

 

3.

Recess General Session

Chairman

1:10pm

 

4.

a.  Call to order Executive Session

Chairman

1:13pm

 

 

b.  Announcement of proxies

Chairman

1:13pm

 

c.  Approval of executive session minutes (12/13/10) (Vote)

Chairman

1:14pm

 

d.  Internal Audit status report

B. Wullenjohn

1:15pm

 

e.  F&A Committee survey on adequacy and effectiveness of Internal Audit

T. Doggett /       B. Wullenjohn

1:25pm

 

f.  Assessment of the adequacy and effectiveness of Internal Audit staff

B. Wullenjohn

1:35pm

 

g.  Quarterly update on EthicsPoint historical metrics and trends

B. Wullenjohn

1:45pm

 

h.  EthicsPoint update

B. Wullenjohn

1:50pm

 

i.  Quarterly private discussion  with Chief Audit Executive

B. Wullenjohn

2:00pm

 

5.

Contracts, personnel, litigation and security

Chairman

2:10pm

 

 

Recess Executive Session

 

 

 

 

Convene General Session

 

 

 

6.

Approval of general session minutes (12/13/10) (Vote)

Chairman

2:15pm

 

7.

Review and assess adequacy of Committee Charter

Chairman

2:16pm

 

8.

Review F&A 2011 yearly schedule

M. Petterson

2:25pm

 

9.

Credit update

 

 

 

-  CWG

T. Nikazm

2:35pm

 

-  ERCOT

C. Yager

 

 

10.

Results of Finance and Audit Committee self assessment

Chairman

2:50pm

 

11.

Committee Briefs (Q&A only)

M. Petterson

2:55pm

 

12.

Future agenda items

M. Petterson

2:57pm

 

13.

Other business

M. Petterson

2:58pm

 

 

Adjourn meeting

Chairman

3:00pm

Scheduled Finance & Audit Meetings