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Board of Directors Meeting

February 21, 2012
09:00 AM - 03:30 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 Open Session to Order and Announce Proxies

--

Chair

5

2.       

Consent Agenda:

·        Item 3 (Minutes)

·        Item 10 (Unopposed Revision Requests Recommended by Technical Advisory Committee)*

·         Nodal Protocol Revision Request (NPRR) 407, Credit Monitoring Credit Parameters Posting Requirements

·         NPRR408, Clarification of ERCOT Authority to Deny Energization of Non-Compliant Generators

·         NPRR422, Public Day Ahead Market (DAM) Shift Factors

·         NPRR423, Add Voltage Support Requirement for Intermittent Renewable Resources (IRRs) and Allow Manual Control of Static Volt-Ampere Reactive (VAr) Devices if Approved by ERCOT

·         NPRR437, Allow Aggregation of Multiple Units Into A Single Resource For Market and Engineering Modeling - Urgent 

·         Planning Guide Revision Request (PGRR) 008, New Planning Guide Section 4, Generation Resource Interconnection

Vote

Chair

5

3.       

January 17, 2012 Meeting Minutes*

Vote

Chair

5

4.       

Chief Executive Officer (CEO) Update*

Discussion

Trip Doggett

20

5.       

Operating Reports

Discussion

Trip Doggett

20

 

a. Financial Summary Report*

--

--

--

 

b. External Affairs Update*

--

--

--

 

c. Wholesale Market Operations Report*

--

--

--

 

d. Commercial Market Operations Report*

--

--

--

 

e. Grid Operations and Planning Report*

--

--

--

 

f. Information Technology (IT) Report*

--

--

--

 

g. Business Integration Update*

--

--

--

6.       

Gas Risk Study*

Discussion

Kent Saathoff/

Black & Veatch

30

7.       

Independent Market Monitor (IMM) Report*

Discussion

Dan Jones

15

8.       

Proposed Price Correction for DC_N Settlement Point (November 24, 2011)*

Vote

John Dumas

30

9.       

Revisions to 2012 Ancillary Services Methodology*

Vote

John Dumas

5

10.   

Technical Advisory Committee (TAC) Update*

Discussion

Kenan Ogelman

30

 

a. Non-Unanimous Revision Requests Recommended by TAC*

·         NPRR432, Deployment of Resources to Alleviate Anticipated Emergency Conditions - Urgent

·         NPRR434, Increase the Capacity Limitation of a Generation Resource Providing Responsive Reserve (RRS) - Urgent

·         NPRR435, Requirements for Energy Offer Curves in the Real Time Security Constrained Economic Dispatch (SCED) for Generation Resources Committed in Reliability Unit Commitment (RUC) - Urgent

Vote

--

--

11.   

Lunch

--

--

30

12.   

Plans for ERCOT 2011 Internal Revenue Service Form 990 Filing*

Discussion

Rebecca Beckham

5

13.   

Finance & Audit (F&A) Committee Report

Discussion

F&A Chair

15

 

a. Recommendations

Vote

--

 

 

(1) Market Credit Risk Corporate Standard*

--

--

--

 

(2) Financial Corporate Standard*

--

--

--

 

(3) Investment Corporate Standard*

--

--

--

14.   

H.R. & Governance (HR&G) Committee Report

Discussion

HR&G Chair

15

 

a.    Recommendation

Vote

--

--

 

(1)   Ratification of ERCOT Mission Statement*

--

--

--

15.   

Nominating Committee Report

Discussion

Chair

5

16.   

Call for Special Meeting of ERCOT Corporate Members for Election of Unaffiliated Director*

Vote

Chair

5

17.   

Future Agenda Items*

Discussion

Chair

5

18.   

Other Business

Discussion

Chair

5

 

Convene to Executive Session

--

--

90

19.   

January 17, 2012 Executive Session Meeting Minutes*

Vote

Chair

--

20.   

Review of Board Committees

Discussion

Chair

--

21.   

Analysis of Staff Operating Reports*

Discussion

Vice Chair

--

22.   

Personnel

Discussion

Chuck Manning

--

23.   

Security Update*

Discussion

Chuck Manning

--

24.   

Compliance Update

Discussion

Chuck Manning

--

25.   

Risk Management Matters

Discussion

Mark Ruane

--

26.   

Litigation and Regulatory Matters*

Discussion

Bill Magness

--

27.   

Contract Matters*

Discussion

Adam Martinez

--

 

Reconvene to Open Session

--

--

--

28.   

Vote on Matters from Executive Session

Vote

Chair

5

29.   

Adjourn

--

Chair

5

Scheduled BOARD Meetings

Key Documents

Oct 3, 2012 - pdf - 633.1 KB
Feb 14, 2012 - doc - 123.5 KB
Feb 14, 2012 - pdf - 534.7 KB
Feb 14, 2012 - pdf - 72.1 KB
Feb 14, 2012 - pdf - 31.7 KB
Feb 14, 2012 - pdf - 695.5 KB
Feb 14, 2012 - pdf - 423.9 KB
Feb 14, 2012 - pdf - 189.5 KB
Feb 14, 2012 - pdf - 866.5 KB
Feb 14, 2012 - zip - 718.3 KB
Feb 14, 2012 - zip - 167 KB
Feb 14, 2012 - pdf - 60.2 KB
Feb 14, 2012 - zip - 407.9 KB
Feb 13, 2012 - zip - 232.9 KB
Feb 14, 2012 - zip - 49.7 KB
Feb 14, 2012 - zip - 56.2 KB
Feb 13, 2012 - pdf - 16.1 KB

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