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ERCOT Finance & Audit Committee Meeting

October 21, 2008
07:30 AM - 10:00 AM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 168

Agenda

1.

Call to order Executive Session

C. Karnei

7:30am

 

2.

a.  Approval of executive session minutes (Vote) (09/16/08)

C. Karnei

7:30am

 

 

b.  Discuss ERCOT nepotism policy

N. Capezzuti

7:33am

 

 

c.  Internal Audit status report

B. Wullenjohn

7:40am

 

 

d.  EthicsPoint update

B. Wullenjohn

7:42am

 

 

e.  Review draft 2009 Internal Audit plan

B. Wullenjohn

7:50am

 

 

f.  Discuss responsibility for performing REC program audits

B. Wullenjohn

8:10am

 

 

g.  Internal Audit resources discussion

B. Wullenjohn

8:15am

 

 

h.  Quarterly private discussion with Chief Audit Executive

B. Wullenjohn

8:20am

 

 

i.  Debt financing proposal

C. Yager

8:25am

 

 

Recess Executive Session

 

8:35am

 

 

Convene General Session

 

 

 

3.

Approval of general session meeting minutes (Vote) (09/16/08)

C. Karnei

8:35am

 

4.

Debt financing proposal (Vote)

C. Yager

8:37am

 

5.

Debt and liquidity update

C. Yager

8:45am

 

6.

Quarterly review of investment results

C. Yager

8:50am

 

7.

Approval of engagement of external auditor for other services (Vote)

M. Petterson

8:55am

 

8.

External auditor independence and review of the 2008 financial audit plan

S. Barry

9:05am

 

9.

Updates to the standard form guarantee (Vote)

C. Seely

9:10am

 

10.

Credit update draft credit standard

C. Yager

9:25am

 

11.

Financial update

M. Petterson

9:35am

 

12.

Budget planning - Updated Nodal budget; 2009 updated base operations; 2010

M. Petterson

9:40am

 

13.

Committee Briefs (Q&A only)

All

9:45am

 

14.

Future agenda items

S. Byone

9:50am

 

 

Adjourn ISO meeting

C. Karnei

9:55am

 

 

 

 

 

Scheduled FINANCE_AUDIT Meetings

Key Documents

Oct 14, 2008 - pdf - 753 KB
October 21, 2008 Finance & Audit Meeting Minutes
Approved Finance & Audit Meeting Minutes
Dec 5, 2008 - pdf - 114.7 KB

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