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Finance & Audit Committee Meeting

August 17, 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) (7/20/10)

C. Karnei

7:32am

 

c.  2009 compensation for unaffiliated members of the Board of Directors

B. Magness

7:33am

 

d.  Internal Audit status report

B. Wullenjohn

7:40am

 

e.  Internal Audit 2010 goals update

B. Wullenjohn

7:45am

 

f.  Developing the risk-based 2011 audit universe and proposed audit plan

B. Wullenjohn

7:50am

 

g.  EthicsPoint update

B. Wullenjohn

8:00am

 

h.  Quarterly private discussion with Chief Audit Executive

B. Wullenjohn

8:10am

 

3.

Contracts, personnel, litigation and security

Various

8:15am

 

 

Recess Executive Session

 

8:20am

 

 

Convene General Session

 

 

 

4.

Approval of general session minutes (Vote) (07/20/10)

C. Karnei

8:20am

 

5.

Review assumptions and preliminary schedules for the 2011 annual operating budget

M. Petterson

8:21am

 

6.

Nodal credit risk profile and status    

C. Yager

8:50am

 

7.

Discussion of Market Credit Risk Standard audit requirement for 2010

C. Yager

9:15min

 

8.

Follow-up to Commissioner Anderson’s question regarding investment risk and diversification

C. Yager

9:20am

 

9.

Review of First Priority Security Interest Agreement

C. Seely

9:30am

 

10.

Committee Briefs (Q&A only)

All

9:40am

 

11.

Future agenda items

M. Petterson

9:45am

 

12.

Other business

M. Petterson

9:47am

 

 

Adjourn ISO meeting

C. Karnei

9:50am

Scheduled FINANCE_AUDIT Meetings

Key Documents

20100817 FA Meeting Materials
Finance & Audit Meeting Materials
Aug 10, 2010 - pdf - 1.4 MB
SUPPLEMENTAL - F&A_2010_0817_CWG - Nodal Readiness_final - Yage
Supplemental - CWG Update - Nodal Readiness
Aug 16, 2010 - pdf - 39.7 KB
20100817 - F & A Committee Meeting Minutes - General Session - F
Supplemental August 17, 2010 Finance & Audit Committee Meeting Minutes
Oct 22, 2010 - pdf - 687.9 KB

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