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Finance and Audit Committee Meeting

November 18, 2013
12:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

Item

Topic

Topic Type

Presenter

Time

Allocation in Minutes

1.

Call General Session to Order, Announce Proxies and Segment Alternates

--

Chair

5

2.

September 16, 2013 General Session Meeting Minutes

Vote

Chair

5

3.

Committee Education on Best Practices, Emerging Issues, and Current Events relating to Finance and Audit Committee Activity

Discussion

Sean Taylor and

EY

55

4.

2014 Key Performance Indicators (KPIs)

Discussion

Paula Feuerbacher

10

5.

Annual Committee Self-Evaluation Survey Results

Discussion

Chair

15

6.

Results of Examination and Independence Report from the Service Organization Control (SSAE 16) Auditor

Discussion

BrightLine

15

7.

Recommendation regarding Acceptance of 2013 Service Organization Control (SSAE 16) Audit Report

Vote

Allison Atherton

and BrightLine

10

8.

Recommendation regarding Letter of Credit Concentration Limits

Vote

Mark Ruane

10

9.

Recommendation regarding DAM Credit Parameters: Point to Point Obligation Discount Factor

Vote

Mark Ruane

10

10.

Existing and New User Fees Issues

Discussion

Bill Magness/

Michael Petterson

10

11.

Periodic Report on Credit Work Group Activity

Discussion

CWG Chair

Simon Castillo

10

 

12.

Committee Briefs

Discussion

Michael Petterson

5

12.1

Review 2013 Financial Summary

Discussion

Michael Petterson

--

12.2

Periodic Report on Investments

Discussion

Michael Petterson

--

13.

Future Agenda Items         

Discussion

Michael Petterson

5

14.

Other Business

Discussion

Michael Petterson

5

 

Convene Executive Session

--

--

100

 

September 16, 2013 Executive Session Meeting Minutes

Vote

Chair

 

 

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

Discussion

Staff

 

 

Recommendation regarding Selection of Independent Service Organization Control (SSAE 16) Auditor

Discussion

Allison Atherton

 

 

Periodic Report on Internal Audit Activity

Discussion

Bill Wullenjohn

 

 

Reconvene General Session

--

--

5

15.

Vote on Matters from Executive Session

Vote

Chair

5

16.

Adjournment

--

Chair

--

Scheduled FINANCE_AUDIT Meetings

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