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ERCOT Finance & Audit Committee Meeting

November 17, 2008
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.  Approval of executive session minutes (Vote) (10/21/08)

C. Karnei

7:30am

 

 

b.  Internal Audit status report

B. Wullenjohn

7:33am

 

 

c.  Update on proposed 2009 Internal Audit plan

B. Wullenjohn

7:40am

 

 

d.  Internal Audit 2008 goals update

B. Wullanjohn

7:55am

 

 

e.  EthicsPoint update

B. Wullenjohn

8:00am

 

 

Recess Executive Session

 

8:10am

 

 

Convene General Session

 

 

 

 3.

Approval of general session meeting minutes (Vote) (10/21/08)

C. Karnei

8:10am

 

 4.

Update on SAS 70 audit

S. Barry

8:15am

 

 5.

Collateral Management

C. Yager

8:20am

 

 6.

Review and approval of standards

8:40am

 

-  Financial (Vote)

C. Yager

 

 

-  Investment

C. Yager

 

 

 7.

Financial update

 

8:50am

 

-  2008 year end projections

M. Petterson

 

 

-  Timeline for approval of revised 2009 base operating budget

M. Petterson

 

 

-  Timeline for Nodal program budget

R. Hinsley

 

 

-  Nodal interim rate relief request (Vote)

C. Yager

 

 

 8.

Approval of audit committee meeting planner for the upcoming year, confirm mutual expectations with management and the auditors

All

9:10am

 

 

 9.

Perform Finance & Audit Committee self assessment

C. Karnei

9:15am

 

 10.

Market participant guarantee agreements

T. Coffing

9:20am

 

 11.

Review CWG charter and membership requirements (Vote)

T. Coffing

9:30am

 

 12.

Update on status of Market Credit Risk Standard

T. Coffing / C. Yager

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

20081117 FA Meeting Materials
Finance & Audit Committee Materials
Nov 10, 2008 - pdf - 1.8 MB
November 17, 2008 Finance & Audit Meeting Minutes
Approved Finance & Audit Meeting Minutes
Dec 16, 2008 - pdf - 3.8 MB

All information is posted as Public in accordance with the ERCOT Websites Content Management Corporate Standard.

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