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Board of Directors Meeting |
|
April 28, 2022
08:30 AM - 04:30 PM |
|
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744 Boardroom B
|
Agenda
|
Item |
Topic |
Topic Type |
Presenter |
|
1. |
Call General Session to Order and Announce Proxies |
-- |
Chair |
|
|
Convene Executive Session |
-- |
-- |
|
|
March 7-8, 2022 Executive Session Meeting Minutes |
Vote |
Chair |
|
|
Risk Management Matters |
Discussion |
Staff |
|
|
Security Matters |
Discussion |
Staff |
|
|
Compliance Update |
Discussion |
Staff |
|
|
Contract Matters |
Discussion |
Staff |
|
|
Litigation and Regulatory Matters |
Discussion |
Chad V. Seely |
|
|
Selection of Independent Financial Auditor |
Discussion |
Staff |
|
|
Personnel |
Discussion |
Staff |
|
|
Reconvene General Session |
-- |
-- |
|
2. |
Vote on Matters from Executive Session |
Vote |
Chair |
|
3. |
Notice of Public Comment, if Any |
Discussion |
Chair |
|
4. |
Review of ERCOT Corporate Governance and Stakeholder Process |
Discussion |
Chair/ |
|
5. |
Confirmation of Election of the Technical Advisory Committee (TAC) Chair and Vice Chair for 2022 |
Vote |
Chair |
|
6. |
Consent Agenda |
Vote |
Chair |
|
6.1 |
Unopposed Revision Requests Recommended by TAC for Approval |
Vote |
-- |
|
6.1.1 |
NPRR1116, Remove Obsolete Reference to Market Information System (MIS) |
Vote |
-- |
|
6.1.2 |
NPRR1117, Related to SMOGRR025, Modifications to Line Loss Compensation Requirement for EPS Metering |
Vote |
-- |
|
6.1.3 |
NPRR1122, Clarifications for PURA Subchapter M Securitization Default Charges – URGENT |
Vote |
-- |
|
6.1.4 |
NPRR1123, Clarifications for PURA Subchapter N Securitization Uplift Charges – URGENT |
Vote |
-- |
|
6.1.5 |
NPRR1125, Use of Financial Security for Securitization Default Charge and Securitization Uplift Charge Invoices and Escrow Deposit Requests – URGENT |
Vote |
-- |
|
6.1.6 |
PGRR096, Achieve Consistent Representation of Distributed Generation in Steady-State Models |
Vote |
-- |
|
6.1.7 |
PGRR098, Consideration of Load Shed in Transmission Planning Criteria |
Vote |
-- |
|
6.1.8 |
SMOGRR025, Modifications to Line Loss Compensation Requirement for EPS Metering |
Vote |
-- |
|
6.2 |
Minimum Duration Threshold for Energy Storage Resources |
Vote |
-- |
|
7. |
2023 ERCOT Board Meeting and Annual Meeting Schedule |
Discussion |
-- |
|
8. |
March 7-8, 2022 General Session Meeting Minutes |
Vote |
Chair |
|
9. |
CEO Update |
Discussion |
Brad Jones |
|
10. |
Independent Market Monitor (IMM) Report |
Discussion |
IMM |
|
11. |
TAC Report |
Discussion |
TAC Chair |
|
11.1 |
Non-Unanimous Revision Requests Recommended by TAC for Approval |
Vote |
-- |
|
11.1.1 |
NPRR1092, Reduce RUC Offer Floor and Remove RUC Opt-Out Provision |
Vote |
-- |
|
11.1.2 |
NPRR1096, Require Sustained Two-Hour Capability for ECRS and Four-Hour Capability for Non-Spin |
Vote |
-- |
|
11.1.3 |
NPRR1124, Recovering Actual Fuel Costs through RUC Guarantee – URGENT |
Vote |
-- |
|
11.1.4 |
SCR818, Changes to Incorporate GIC Modeling Data into Existing Modeling Applications |
Vote |
-- |
|
11.2 |
TAC Recommendation Opposition of ERCOT on NPRR1108, ERCOT Shall Approve or Deny All Resource Outage Requests – URGENT |
Vote |
-- |
|
11.2.1 |
Background Information |
-- |
-- |
|
11.2.2 |
Position Statement of ERCOT |
-- |
Staff |
|
11.2.3 |
TAC Advocate Presentation of TAC Action |
-- |
TAC Advocate |
|
11.2.4 |
Additional Comments, if Any |
-- |
Staff |
|
11.2.5 |
Closing Statement of ERCOT |
-- |
Staff |
|
11.3 |
TAC Recommendation Opposition of ERCOT on NPRR1112, Reduction of Unsecured Credit Limits – URGENT |
Vote |
-- |
|
11.3.1 |
Background Information |
-- |
-- |
|
11.3.2 |
Position Statement of ERCOT |
-- |
Staff |
|
11.3.3 |
TAC Advocate Presentation of TAC Action |
-- |
TAC Advocate |
|
11.3.4 |
Additional Comments, if Any |
-- |
Staff |
|
11.3.5 |
Closing Statement of ERCOT |
-- |
Staff |
|
12. |
ERCOT Recommendations to PUC Project No. 46304, Oversight Proceeding Regarding ERCOT Matters Arising Out of PUC Docket No. 45624 Relating to DC Tie Project Proposed by Southern Cross Transmission, LLC |
Vote |
Janice Ayson/ |
|
12.1 |
Directive 6 – ERCOT Determination regarding Any Needed Transmission Upgrades |
Vote |
-- |
|
12.2 |
Directive 8 – ERCOT Determination regarding Voltage Support |
Vote |
-- |
|
13. |
Revision to 2022 ERCOT Methodologies for Determining Minimum Ancillary Service Methodology Requirements – Recommendation on Minimum Capacity of Non-Spin Required from SCED Dispatchable Resources |
Vote |
Nitika Mago |
|
14. |
Approval of Standard Form Letter of Credit for Satisfying Securitization Default Charge Credit Requirements for PURA Chapter 39, Subchapter N |
Vote |
Chad V. Seely |
|
15. |
Finance and Audit (F&A) Committee Report |
Discussion |
F&A Chair |
|
15.1 |
Financial Corporate Standard |
Vote |
-- |
|
15.2 |
Investment Corporate Standard |
Vote |
-- |
|
15.3 |
Acceptance of Financial Statements Audit Report |
Vote |
-- |
|
16. |
Human Resources and Governance (HR&G) Committee Report |
Discussion |
HR&G Chair |
|
17. |
Reliability and Markets (R&M) Committee Report |
Discussion |
R&M Chair |
|
17.1 |
Market Credit Risk Corporate Standard |
Vote |
-- |
|
18. |
Other Business |
Discussion |
Chair |
|
19. |
Adjournment |
-- |
Chair |
*The conclusion time shown on the Agenda is approximate.
The meeting may conclude earlier or later than the noted time.
Matters may also be taken out of Agenda order.
Any person who wants to comment at the meeting on one or more of the matters under discussion
at public portions of the meeting can do so by completing a form provided at the meeting with the
following information:
- Name
- Company or organization, if applicable
- Preferred email address
- The agenda item(s) for which comments will be made
- The general substance of the comments to be made
Please arrive at least 10 minutes prior to the start of the meeting to allow time to complete the form.
The live webcast of the General Session of the meeting may be viewed on the ERCOT website:
https://www.ercot.com/committees/board.
If you experience technical problems associated with the webcasting service,
please contact webcast service provider Swagit Productions directly by phone at
(214) 432-5905 (main office) or (800) 573-3160 (toll free).
Scheduled BOARD Meetings
- Apr 12, 2022 - Board of Directors Meeting (RESCHEDULED TO April 27, 2022)
- Apr 27, 2022 - Board of Directors Meeting (RESCHEDULED TO April 28, 2022)
- Apr 28, 2022 - Board of Directors Meeting
- Jun 14, 2022 - Board of Directors Meeting (RESCHEDULED TO June 21, 2022)
- Jun 21, 2022 - Board of Directors Meeting
- Jul 29, 2022 - Urgent Board of Directors Meeting – Teleconference Available by Webcast
- Aug 09, 2022 - Board of Directors Meeting (RESCHEDULED TO August 16, 2022)
Key Documents
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