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Finance and Audit Committee Meeting

January 14, 2013
01:30 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

Item

Topic

Topic Type

Presenter

Time
Allocation in Minutes

1.

Call General Session to Order, Announce Proxies and Segment Alternates

Discussion

Trip Doggett

2

2.

Confirm Committee Membership

Discussion

Trip Doggett

3

3.

Election of Committee Chair

Vote

Trip Doggett

3

4.

Election of Committee Vice Chair

Vote

Chair

2

5.

Designation of Committee Secretary

Vote

Chair

2

6.

December 10, 2012 General Session Meeting Minutes

Vote

Chair

3

7.

Recommendation Regarding Committee Charter

Vote

Chair

25

8.

Recommendation Regarding Market Credit Risk Corporate Standard

Vote

Mark Ruane

5

9.

Periodic Report on Credit Work Group Activity

Discussion

CWG Chair

10

10.

Recommendation Regarding Financial Corporate Standard

Vote

Leslie Wiley

5

11.

Recommendation Regarding Investment Corporate Standard

Vote

Leslie Wiley

5

 

Break

--

--

5

12.

Results of 2012 Committee Self-Evaluation Survey

Discussion

Chair

15

13.

Nodal Surcharge Termination

Discussion

Michael Petterson

5

14.

Sunset Commission Recommendations regarding ERCOT Fee Variability

Discussion

Michael Petterson

10

15.

Committee Briefs

Discussion

Michael Petterson

15

15.1

Committee Education on Accounting Developments

Discussion

Michael Petterson

--

15.2

Periodic Report on Investments

Discussion

Michael Petterson

--

15.3

Handling of Complaints Regarding Financial Matters

Discussion

Michael Petterson

--

15.4

Policy on Hiring Former Employees of the Independent Auditor

Discussion

Michael Petterson

--

15.5

Policy on Independent Auditor Selection

Discussion

Michael Petterson

--

15.6

Internal Control Management Program (ICMP) Report

Discussion

Allison Atherton

--

16.

Future Agenda Items

Discussion

Michael Petterson

4

17.

Other Business

Discussion

Chair

1

 

Convene to Executive Session

--

--

90

 

December 10, 2012 Executive Session Meeting Minutes

Vote

Chair

 

 

Contract, Personnel, Security, Compliance, Risk Management, Litigation and Regulatory Matters

Discussion

Staff

 

 

Periodic Report on Internal Audit Activity from the Chief Audit Executive

Discussion

Bill Wullenjohn

 

 

Reconvene General Session

--

--

--

18.

Vote on Matters from Executive Session

Vote

Chair

5

19.

Adjourn

--

Chair

--

Scheduled FINANCE_AUDIT Meetings

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