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) (06/16/09)

C. Karnei

8:02am

c.  Internal Audit status report

B. Wullenjohn

8:03am

d.  Mid-Year update on 2009 Internal Audit plan

B. Wullenjohn

8:05am

e.  EthicsPoint update

B. Wullenjohn/ N. Capezzuti

8:10am

f.  Quarterly private discussion with Chief Audit Executive

B. Wullenjohn

8:20am

3.

Contracts, personnel, litigation and security

Various

8:30am

Recess Executive Session

8:35am

Convene General Session

4.

Approval of general session minutes (Vote) (06/16/09)

C. Karnei

8:35am

5.

Preliminary 2010 budget and PPL

M. Petterson

8:36am

6.

2009 Operating plan updated forecast

M. Petterson

8:55am

7.

Management of potential credit losses under Nodal market structure

C. Yager

9:00am

8.

Treasury update

C. Yager

9:20am

-  Quarterly investment update

9.

Briefing on results of pilot Procurement Card program

M. Walsh

9:30am

10.

Discussion of ERCOT 2008 Form 990 Filing

S. Byone

9:35am

11.

Committee Briefs (Q&A only)

All

9:45am

12.

Future agenda items

S. Byone

9:50am

Adjourn ISO meeting

C. Karnei

9:55am