1.

Antitrust Admonition

B. Belk

9:30 a.m.

2.

Election of 2006 WMS Chair and Vice-Chair (Vote)*

A. Boren

9:35 a.m.

3.

Approval of the Draft November 16, 2005 Meeting Minutes (Vote)*

2006 WMS Chair

9:45 a.m.

4.

ERCOT Board Meeting and TAC Meeting Update

2006 WMS Chair

9:50 a.m.

5.

Discussion on 2006 Goals and Objectives for WMS

2006 WMS Chair

10:00 a.m

6.

Discussion of Market Issue of LaaRs Submitting Bid Prices Less Than Zero to Ensure Participation in the RRS Market

• DSWG Chair and Vice Chair for 2006 (Vote)*

DSWG

10:30 a.m.

7.

EMMS Release 4 /  RPRS Market Implementation Update

B. Whittle

11:00 a.m.

Lunch

12:00 p.m.

8.

• PRR586 -- SCE Performance and Regulation Cost Re-allocation
• PRR605 - SCE Performance  Monitoring for Combined Cycle Resources
• PRR607 - One-Minute Ramp Schedules
• PRR608 -- Improve Ancillary Services Performance Conditions

2006 WMS Chair

1:00 p.m.

9.

State of the Market Report Review (Review of 4a and 4b on PUC-WMOs follow-up Memo)

QMWG

1:30 p.m.

10.

WMS Recommendations for Pending Protocol/Guide Revisions and System Changes

For WMS Action (Possible Vote)*

• SMOGRR004 -- Settlement Metering Operating Guide Reformat and Update (Vote)*
• MWG Chair and Vice Chair for 2006 (Vote)*
• Update on Feasibility  of PRR541 -- Regulation Deployment Ramp Rate
• Analysis of Improper Subsidization of RMR Companion Units for PRR632 - Clawback for Resources with RMR Units

Parking Lot Items

• PRR553 -- Scheduling Trading Hubs

MWG

ERCOT

ERCOT

2:00 p.m.

11.

Future WMS Meetings

• February 22, 2006
• March 22, 2006

2006 WMS Chair

3:00 p.m.