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ERCOT Finance & Audit Committee Meeting

May 18, 2010
07:30 AM - 10:00 AM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

1.

Call to order Executive Session

C. Karnei

7:30am

 

2.

a.  Announcement of proxies

C. Karnei

7:31am

 

b.  Approval of executive session minutes (Vote) (4/20/10)

C. Karnei

7:32am

 

c.  Review of Market Reform’s Internal Audit staffing recommendations

B. Wullenjohn /    T. Doggett

7:35am

 

d.  Discussion of proposed F&A survey of Internal Audit

B. Wullenjohn

7:50am

 

e.  Update of 2010 Internal Audit Goals

B. Wullenjohn

8:00am

 

f.  Internal Audit status report

B. Wullenjohn

8:10am

 

g.  EthicsPoint update

B. Wullenjohn

8:15am

 

h.  Discussion of debt financing proposal (Vote)

C. Yager

8:20am

 

i.  Preview of Board insurance update

C. Yager

8:45am

 

3.

Contracts, personnel, litigation and security

Various

8:50am

 

 

Recess Executive Session

 

8:55am

 

 

Convene General Session

 

 

 

4.

Approval of general session minutes (Vote) (04/20/10)

C. Karnei

8:55am

 

5.

Approval of Internal Audit department charter (Vote)

B. Wullenjohn

8:56am

 

6.

Approval of debt financing proposal (Vote)

C. Karnei

8:58am

 

7.

Annual review of Market Credit Risk Corporate Standard (Vote)

R. Baker

9:00am

 

8.

Review the Company’s dealings with any financial institutions that are also market participants

L. Swanson

9:20am

 

9.

Preapproval of non-audit services from the independent auditor (Vote)

M. Petterson

9:25am

 

10.

Review the procedures for handling reporting violations

M. Petterson

9:35am

 

11.

Committee Briefs (Q&A only)

All

9:40am

 

12.

Future agenda items

M. Petterson

9:45am

 

13.

Other business

M. Petterson

9:50am

 

 

Adjourn ISO meeting

C. Karnei

9:55am

Scheduled FINANCE_AUDIT Meetings

Key Documents

20100518 FA Meeting Materials
Finance & Audit Meeting Materials
May 11, 2010 - pdf - 608.9 KB
20100518 - F & A Committee Meeting Minutes - General Session - F
Supplemental May 18, 2010 Finance & Audit Committee Approved Meeting Minutes
Jul 1, 2010 - pdf - 347.2 KB

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