1.

Call to order Executive Session

C. Karnei

8:00am

2.

a.  Announcement of proxies

C. Karnei

8:01am

b.  Approval of executive session minutes (Vote) (6/15/10)

C. Karnei

8:02am

c.  Internal Audit status report

B. Wullenjohn

8:05am

d.  Mid-year update on 2010 Internal Audit plan

B. Wullenjohn

8:15am

e.  EthicsPoint update

B. Wullenjohn

8:20am

f.  Quarterly private discussion with Chief Audit Executive

B. Wullenjohn

8:25am

3.

Contracts, personnel, litigation and security

Various

8:35am

Recess Executive Session

8:40am

Convene General Session

4.

Approval of general session minutes (Vote) (06/15/10)

C. Karnei

8:40am

5.

Review assumptions for preparation of the 2011 annual operating budget

M. Petterson

8:42am

6.

Quarterly investment review

L. Swanson

9:10am

7.

Credit briefing Potential Credit Risk

C. Yager

9:15am

8.

Nodal Credit Status

C. Yager

9:30am

9.

Committee Briefs (Q&A only)

All

9:40am

10.

Future agenda items

M. Petterson

9:45am

11.

Other business

M. Petterson

9:47am

Adjourn ISO meeting

C. Karnei

9:50am