1.

Call to Order

M. Armentrout

10:00 a.m.

2.

Consent Agenda Item [3a, 3b, 7a (PRR710 & PRR711)]

M. Armentrout

10:05 a.m.

3.

Approval of Minutes

1. May 16, 2007 Minutes* (Vote)
2. May 31, 2007 Minutes* (Vote)

M. Armentrout

10:10 a.m.

4.

Ratification of Bob Kahn as President and CEO* (Vote)

M. Armentrout

10:15 a.m.

5.

CEO Report

1. Ancillary Services Methodology* (Vote)

S. Jones

1. K. Saathoff

10:20 a.m.

6.

Operating Reports (Q&A Only)

1. Financial Summary Report*
2. Market Operations Report*
3. IT Report*

1. S. Byone
2. R. Giuliani
3. R. Hinsley

10:50 a.m.

7.

Nodal Status Report*

J. Sullivan

11:05 a.m.

8.

TAC Report

1. Protocol Revision Requests (PRR709, PRR710, PRR711, PRR723)* (Vote)

M. Dreyfus

11:35 a.m.

9.

Lunch

12:20 p.m.

10.

Appeal to ERCOT Board Regarding Use of Fuel Oil*

L. Gurley (TXU)

1:20 p.m.

11.

Finance & Audit Committee Report*

1. Charter Approval* (Vote)
2. 2008 Budget Schedule & Assumptions*

C. Karnei

• C. Karnei
• M. Petterson

1:45 p.m.

12.

H. R. & Governance Committee Report

1. Creation of H. R. & Governance Sub-Committee

C. Gallagher

2:05 p.m.

13.

Other Business

M. Armentrout

2:20 p.m.

14.

Future Agenda Items*

M. Armentrout

2:30 p.m.

15.

Executive Session

1. Approval of May 16, 2007 Minutes* (Vote)**
2. Contract Matters* (Vote)**
3. Personnel
4. Litigation*
5. NERC Compliance*
6. TRE & Penalties*
7. Other Business

M. Armentrout

2:35 p.m.

16.

Open Session Vote [15a, 15b(1), 15b(2), 15b(3)]

M. Armentrout

3:30 p.m.

Adjourn

M. Armentrout

3:35 p.m.