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Board of Directors Meeting |
|
April 16, 2012
09:00 AM - 05:00 PM |
RSVP:
Lori Markham
|
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 at 9:00 a.m. on Monday, April 16, 2012 |
-- |
Chair |
10 |
2. |
Status Update of the Brattle Group’s Evaluation of ERCOT Investment Incentives* |
Discussion |
Joel Mickey Brattle Group |
45 |
|
Convene Executive Session |
-- |
-- |
110 |
|
Break |
-- |
-- |
15 |
3. |
Contract Matters* |
Discussion |
Joel Mickey Brattle Group |
-- |
4. |
Litigation and Regulatory Matters* |
Discussion |
Bill Magness |
-- |
|
Recess until 9:00 a.m. on Tuesday, April 17, 2012; Reconvene Open Session |
-- |
-- |
-- |
5. |
Reconvene Open Session and Announce Proxies at 9:00 a.m. on Tuesday, April 17, 2012 |
-- |
Chair |
5 |
6. |
Consent Agenda: · Unopposed Revision Requests Recommended by Technical Advisory Committee (TAC) for Approval: - Nodal Protocol Revision Request (NPRR) 393, Security Constrained Economic Dispatch (SCED) Constraint Management Transparency; - NPRR394, Outage Reporting; - NPRR397, Balance of the Day Ancillary Service Market; - NPRR402, Clarification of Pre-Day-Ahead Market (DAM) Reliability Unit Commitment (RUC) Instruction Sequence; - NPRR419, Revise Real-Time Energy Imbalance and Reliability Must Run (RMR) Adjustment Charge - NPRR421, Clarification of RMR Notification; - NPRR424, Reactive Capability Testing Requirements for Intermittent Renewable Resources (IRRs) - NPRR430, Corrections Related to NPRR357, Revisions to Collateral Requirements Concerning Congestion Revenue Rights (CRR) Auctions, and Clarification to Collateral Requirements; - NPRR431, Board Priority Revision Requests; - NPRR433, Clarification of Ancillary Service Obligation Calculation Process; - NPRR448, Clarification of Database Query Results - Urgent - NPRR449, Reduce Maximum CRR Transaction Limit in Auctions - Urgent - Planning Guide Revision Request (PGRR) 010, New Planning Guide Section 6.7, ERCOT Data Dictionary; - PGRR012, Dynamics Working Group Guidelines; - PGRR013, New Section 6.3, Process for Developing Short Circuit Cases [Portion of System Protection Working Group (SPWG) Procedures]; - PGRR014, Synchronization with NPRR374, Modification of System Change Request (SCR) Process and Urgency Requirements; - SCR768, Automatic Non-Spin Redeployment and Deployment Based on Resource Availability; and - SCR769, Congestion Revenue Rights Account Holder (CRRAH) Digital Certificate New Role for Read Only Access |
|
|
10 |
7. |
February 21, 2012 Meeting Minutes* |
Vote |
Chair |
5 |
8. |
Update on March 16, 2012 Special Meeting of Corporate Members* |
Discussion |
Bill Magness |
5 |
9. |
Chief Executive Officer (CEO) Update* |
Discussion |
Trip Doggett |
20 |
10. |
Financial Summary and Operating Reports* |
Discussion |
Trip Doggett |
25 |
|
Break |
-- |
-- |
15 |
11. |
Scenario Analysis - Natural Gas Risk Study* |
Discussion |
Kent Saathoff |
30 |
12. |
Independent Market Monitor (IMM) Report* |
Discussion |
Dan Jones |
15 |
13. |
Technical Advisory Committee (TAC) Update* |
Discussion |
TAC Chair |
30 |
|
a. Non-Unanimous Revision Requests Recommended by TAC for Approval* - NPRR327, State Estimator Data Redaction Methodology - NPRR405, Clarification of Direct Current (DC) Tie Load into Operational Systems and Processes - NPRR450, Revise Requirements for Contracts to Procure Additional Capacity to Alleviate Emergency Conditions - Urgent - NPRR451, Implementation of New P.U.C. SUBST. Rule 25.507, Electric Reliability Council of Texas (ERCOT) Emergency Response Service (ERS) - Urgent |
Vote |
-- |
-- |
14. |
Finance & Audit (F&A) Committee Report |
Discussion |
Clifton Karnei |
20 |
|
a. Approval of Modifications to the Standard Form Surety Bond* |
Vote |
-- |
-- |
|
b. Approval of F&A Committee Charter* |
Vote |
-- |
-- |
|
c. Approval of Financial Corporate Standard* |
Vote |
-- |
-- |
|
d. Approval of Investment Corporate Standard* |
Vote |
-- |
-- |
|
e. Acceptance of 2011 Audited Financial Statements* |
Vote |
-- |
-- |
|
Lunch |
-- |
-- |
30 |
15. |
H.R. & Governance (HR&G) Committee Report |
Discussion |
Andrew Dalton |
15 |
|
a. Approval of HR&G Committee Charter* |
Vote |
-- |
-- |
|
b. Annual Status Report Concerning 2011 Activities of the Benefits Committee* |
Discussion |
-- |
-- |
16. |
Proposed Modifications to 2012 Board Meeting Schedule, including 2012 Strategic Planning Event* |
Discussion |
-- |
-- |
17. |
Quarterly Board Strategic Planning Update* |
Discussion |
Trip Doggett |
10 |
18. |
Adjunct Membership Approval of Siemens Energy for Membership Year 2012* |
Vote |
Bill Magness |
5 |
19. |
Future Agenda Items |
Discussion |
Chair |
5 |
20. |
Other Business |
Discussion |
Chair |
5 |
|
Break |
-- |
-- |
15 |
|
Convene to Executive Session |
-- |
-- |
90 |
21. |
February 21, 2012 Executive Session Meeting Minutes* |
Vote |
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 - Continued |
Discussion |
Bill Magness |
-- |
27. |
Contract Matters - Continued |
Discussion |
Staff |
-- |
|
Reconvene to Open Session |
-- |
-- |
-- |
28. |
Vote on Matters from Executive Session |
Vote |
Chair |
4 |
29. |
Adjourn |
-- |
Chair |
1 |
Scheduled BOARD Meetings
- Jan 17, 2012 - Board of Directors Meeting
- Feb 21, 2012 - Board of Directors Meeting
- Apr 16, 2012 - Board of Directors Meeting
- Apr 17, 2012 - Board of Directors Meeting
- May 15, 2012 - Board of Directors Meeting
- Jun 19, 2012 - Board of Directors Meeting
- Jul 17, 2012 - Board of Directors Meeting
Key Documents
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