1.

Call to Order

M. Gent

Time**

2.

Approval of September 14, 2009 Minutes* (Vote)

M. Gent

2:00 p.m.

3.

Texas Regional Entity Administrative Update*

L. Grimm

2:05 p.m.

4.

Finance and Audit Issues

M. Espinosa

2:08 p.m.

a. Financial Report (Q&A)*

T. Brewer

2:15 p.m.

5.

Human Resources & Governance Issues

M. Armentrout

2:15 p.m.

a. Recommend Extension of Delegation Agreement* (Vote)

L. Grimm

2:20 p.m.

b. Recommend Bylaws for Legally Separate Texas RE* (Vote)

L. Grimm          S. Vincent

2:20 p.m.

c. Discuss Proposed Separation Plan*

L. Grimm          S. Vincent

2:30 p.m.

6.

Other Business

M. Gent

2:50 p.m.

7.

Future Agenda Items*

M. Gent

3:00 p.m.

Convene Executive Session

3:05 p.m.

8.

Executive Session

M. Gent

a. Approval of July 20, 2009 Minutes * (Vote)

M. Gent

3:10 p.m.

b. Discussion of FERC Audit of Texas RE *

L. Grimm

3:12 p.m.

c. Discussion of Privileged, Contract, Governance, Ethics, Personnel, Compliance, or Legal Matters*

M. Gent

3:15 p.m.

Reconvene Open Session (if needed)

3:28 p.m.

9.

Vote on Matters from Executive Session, if applicable (Vote)

M. Gent

Adjourn Committee Meeting

M. Gent

3:30 p.m.