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Board of Directors Meeting

April 16, 2012
09:00 AM - 05:00 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 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

Key Documents

Oct 3, 2012 - pdf - 594.1 KB
Apr 17, 2012 - doc - 41 KB
Apr 9, 2012 - doc - 122.5 KB
Apr 9, 2012 - pdf - 789.1 KB
Apr 9, 2012 - pdf - 103.2 KB
Apr 9, 2012 - zip - 100.1 KB

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