Call to order Executive Session

C. Karnei

7:45am

2a.  Approval of executive session minutes (Vote) (02/19/08)

C. Karnei

7:45am

2b.  Internal Audit status report

B. Wullenjohn

7:48am

2c.  EthicsPoint update

B. Wullenjohn

7:53am

2d.  Internal Audit staffing update

B. Wullenjohn

7:58am

2e.  Chief Audit Executive compensation and salary adjustment

B. Kahn

8:03am

2f.  Internal Controls Update

S. Byone

8:15am

2g.  Interest rate management (Vote)

C. Yager

8:25am

Recess Executive Session

8:45am

Convene General Session

Approval of general session and special meeting minutes (Vote) (02/06/08) (02/19/08)

C. Karnei

8:45am

Update on CWG activities

C. Yager

8:48am

Review of external auditor quality control procedures and independence

S. Barry

9:00am

Update on annual financial audit

    M. Petterson/     S. Barry

9:10am

Preliminary review of 2009 ERCOT budget

M. Petterson

9:20am

Committee Briefs (Q&A only)

All

9:50am

Future agenda items

S. Byone

9:55am

Adjourn ISO meeting

C. Karnei

9:56am