Agenda Item #

Description/Purpose/Action Required

Presenter

Time

Call to Order

D Hayslip

8:00 a.m.

1.       

Approval of Minutes* (Vote) (05/16/06)

D Hayslip

8:00 a.m.

2.       

Review PwC 2005 financial audit recommendations

M Petterson

8:05 a.m.

3.       

Procedures for handling reporting violations  (whistle-blower)

C Vance

8:20 a.m.

4.       

Review external auditor pre-approval status

M Petterson

8:25 a.m.

5.       

Review and approve ERCOT annual report

D Roark/
M Petterson

8:30 a.m.

6.       

Committee Briefs

All

-  Risk Stop Light Changes

D Meek

8:35 a.m.

7.       

Plan for PUCT involvement in 2007 Budget Preparation

S Byone/
Lane Lanford/
P Mueller

8:45 a.m.

8.       

Nodal Funding Update

C Yager

9:00 a.m.

9.       

Future Agenda Items/Other Topics

S Byone

9:10 a.m.

10.   

Adjourn to Executive Session

9:15 a.m.

-  Compliance Update

D Meek

9:15 a.m.

-  Approval of Revised 2006 Internal Audit Plan

B Wullenjohn

9:20 a.m.

-  Update on Internal Audit Staffing

B Wullenjohn

-  Significant Audit Findings

C Vance

-  Ethics Point

C Vance

Adjourn

9:55 a.m.