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Finance and Audit Committee Meeting

November 12, 2012
01:00 PM - 05:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

Tab

Topic

Topic Type

Presenter

Time

Allocation in Minutes

1.

Call General Session to Order, Announce Proxies and Segment Alternates

--

Chair

2

2.

July 16, 2012 General Session Meeting Minutes

Vote

Chair

3

3.

Periodic Meeting with ERCOT Independent Financial Auditor

Discussion

Rebecca Beckham;

Ernst & Young

30

3.1

Independent Auditor 2012 Financial Statement Audit Plan

Discussion

Ernst & Young

--

3.1.1

Audit Risk Areas and Audit Approach Planned for the 2012 Financial Statement Audit

Discussion

--

--

3.1.2

Educational Information regarding Risk Management Topics

Discussion

--

--

3.1.3

Independence Report from the Independent Auditor

Discussion

--

--

4.

Results of Examination and Independence Report from the Service Organization Control Auditor

Discussion

Brightline

 15

5.

Recommendation regarding Acceptance of  2012 Service Organization Control Report

Vote

Allison Atherton;

Brightline

5

6.

User Fees

Discussion

Chad Seely

10

6.1

Recommendation regarding Risk Management Verification Fee

Vote

Mark Ruane

--

6.2

Digital Certificate Fee

Discussion

 

Chad Seely

--

7.

Periodic Report on Credit Work Group Activity

Discussion

Tamila Nikazm

20

8.

Review Auction Clearing Price Exposure (ACPE) Parameters

Discussion

Mark Ruane

10

9.

Committee Self-Assessment Surveys

Discussion

Chair

10

9.1

2011 Survey Responses

Discussion

Chair

-

9.2

2012 Proposed Survey Form

Discussion

Chair

-

10.

Review List of Financial Institutions That Are Also Market Participants

Discussion

Leslie Wiley

10

11.

Committee Briefs

Discussion

Michael Petterson

1

12.

Future Agenda Items

Discussion

Michael Petterson

3

13.

Other Business

Discussion

Chair

1

 

Executive Session

--

--

110

 

July 16, 2012 Executive Session Meeting Minutes

Vote

Chair

 

 

Contract, Personnel, Security, Compliance, Risk Management, Litigation and Regulatory Matters

Discussion

Mark Ruane

--

 

Periodic Report on Internal Audit Activity from the Chief Audit Executive

Discussion

Bill Wullenjohn

--

 

Reconvene to General Session

--

--

--

14.

Vote on Matters from Executive Session

Vote

Chair

2

15.

Recommendation regarding Selection of ERCOT Independent Financial Auditor

Vote

Rebecca Beckham

4

16.

Recommendation regarding Selection of ERCOT Service Organization Control Auditor

Vote

Allison Atherton

4

17.

Adjourn

--

Chair

--

Scheduled FINANCE_AUDIT Meetings

Key Documents

Nov 5, 2012 - doc - 103 KB
Nov 5, 2012 - ppt - 73.4 KB
Nov 5, 2012 - ppt - 341.5 KB
Nov 5, 2012 - ppt - 68.1 KB
Nov 5, 2012 - xls - 38.5 KB
Nov 5, 2012 - doc - 86.5 KB
Nov 5, 2012 - pdf - 2.1 MB
Nov 5, 2012 - xls - 40 KB

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