Call to Order

C. Karnei

7:30 a.m. 

1.

Adjourn to Executive Session

• Approval of Internal Audit department charter

B. Wullenjohn

7:30 a.m.

• Internal Audit Department status report

B. Wullenjohn

7:35 a.m.

• Update on Internal Audit 2007 goals

B. Wullenjohn

7:45 a.m.

• EthicsPoint update

S. Maslon

7:50 a.m.

• Security assessment update

J. Brenton

7:55 a.m.

Reconvene to General Session

8:05 a.m.

2.

Approval of minutes (Vote) (04/18/07) (Vote) (05/04/07)

C. Karnei

8:05 a.m.

3.

Finance & Audit Committee Charter (Vote)

S. Vincent

8:10 a.m.

4.

Approval of Credit Work Group Charter (Vote)

C. Yager

8:25 a.m.

5.

Update on Credit Review RFP

C. Yager

8:30 a.m.

6.

Authority for additional debt financing (Vote)

C. Yager

8:45 a.m.

7.

Review results of and vote on acceptance of benefit plan financial audit (Vote)

L. Porter

8:50 a.m.

8.

Briefing on preliminary 2008 budget schedule and assumptions

M. Petterson

9:00 a.m.

9.

Update on Texas Regional Entity 2008 budget

L. Grimm

9:10 a.m.

10.

Update on Nodal surcharge filing

S. Byone

9:25 a.m.

11.

Committee briefs (Q & A only)

All

9:35 a.m.

12.

Future agenda items

S. Byone

9:40 a.m.

Adjourn

9:45 a.m.