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Finance and Audit Committee Meeting

February 09, 2015
09:00 AM - 01:00 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

--

Board Vice Chair

2

2.

Confirm Committee Membership and Leadership

--

--

--

2.1

Confirm Committee Membership

Discussion

Board Vice Chair

2

2.2

Election of Committee Chair

Vote

Board Vice Chair

2

2.3

Election of Committee Vice Chair

Vote

Chair

2

2.4

Designation of Committee Secretary

Vote

Chair

2

3.

Committee Education on Market Credit

Discussion

Mark Ruane

60

4.

December 8, 2014 General Session Meeting Minutes

Vote

Chair

2

5.

Charter Review and Approval

--

--

--

5.1

Recommendation regarding Committee Charter

Vote

Chair

2

5.2

Review and Approval of Internal Audit Department Charter

Vote

Bill Wullenjohn

2

5.3

Review and Ratification of Credit Work Group Charter

Vote

Mark Ruane

2

6.

Policy Review and Approval

--

--

--

6.1

Recommendation regarding Market Credit Risk Corporate Standard

Vote

Mark Ruane

2

6.2

Recommendation regarding Financial Corporate Standard

Vote

Leslie Wiley

2

6.3

Recommendation regarding Investment Corporate Standard

Vote

Leslie Wiley

2

6.4

Handling of Complaints Regarding Financial Matters

Discussion

Sean Taylor

--

6.5

Policy on Hiring Former Employees of the Independent Auditor

Discussion

Sean Taylor

--

6.6

Policy on Independent Auditor Selection

Discussion

Sean Taylor

--

7.

Preapproval of Non-Audit Services

Vote

Sean Taylor

2

8.

Confirmation of Credit Work Group Chair and Vice Chair

Vote

Mark Ruane

2

9.

Periodic Report on Credit Work Group Activity

Discussion

CWG Chair

10

10.

Mitigation of Credit Tail Risk Exposure

Discussion

CWG Chair

10

11.

Recommendation regarding Revisions to ERCOT Counter-Party Credit Application

Vote

Mark Ruane

5

12.

Committee Education Plan for 2015

Discussion

Michael Petterson

5

13.

Committee Briefs

Discussion

Staff

--

13.1

Review 2014 Financial Summary

Discussion

Sean Taylor

10

13.2

Periodic Report on Investments

Discussion

Leslie Wiley

5

13.3

Financial Institutions which are Market Participants

Discussion

Leslie Wiley

--

14.

Future Agenda Items

Discussion

Michael Petterson

2

15.

Other Business

Discussion

Michael Petterson

--

 

Convene Executive Session

--

--

103

 

December 8, 2014 Executive Session Meeting Minutes

Vote

Chair

--

 

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

Discussion

Staff

--

 

Periodic Report on Internal Audit Activity

Discussion

Bill Wullenjohn

--

 

Reconvene General Session

--

--

--

16.

Vote on Matters from Executive Session

Vote

Chair

2

17.

Adjournment

--

Chair

--

*All times shown in the Agenda are approximate, at best, and should not be relied upon for scheduling. 

Matters may be taken out of Agenda order or prior to their estimated time.

The next regularly-scheduled F&A Committee Meeting is expected to be held on April 13, 2015

at 7620 Metro Center Drive, Austin, Texas.

Additional Information

Live and archived broadcasts of Board meetings are available at TexasAdmin

Scheduled FINANCE_AUDIT Meetings

Key Documents

Feb 2, 2015 - pdf - 175.5 KB
Feb 2, 2015 - pdf - 741.8 KB
Feb 2, 2015 - pdf - 436.3 KB
Feb 2, 2015 - pdf - 98.9 KB
Feb 2, 2015 - pdf - 103.3 KB
Feb 2, 2015 - pdf - 111.7 KB
Feb 2, 2015 - pdf - 401.6 KB
Feb 2, 2015 - pdf - 137.7 KB
Feb 2, 2015 - pdf - 1 MB
Feb 2, 2015 - pdf - 103.6 KB
Feb 2, 2015 - pdf - 208.3 KB

All information is posted as Public in accordance with the ERCOT Websites Content Management Corporate Standard.

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