1.

Call Open Session to Order and Announce Proxies at 1:00 p.m. on Monday, December 12, 2011

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L. Doll

5

2.

Technical Advisory Committee (TAC) Update*

Discussion

--

115

a. Revision Requests Unanimously Recommended by TAC*

·        Nodal Protocol Revision Requests (NPRRs):

• NPRR377 Alternate Inputs to Base Point Deviation Charge
• NPRR395 Congestion Revenue Rights (CRR) Auction Offer Award Disclosure
• NPRR398 Changes to Resource Category Minimum-Energy Generic Heat Rates
• NPRR399 Updates to Protocol Sections Related to Settlements and Billing
• NPRR401 Clarification of Timing for a Generation Resource to be Considered Self-Committed
• NPRR403 Revised First Available Switch Date (FASD) Calculation for Texas Standard Electronic Transaction (TX SET) Version 4.0 Release
• NPRR404 Clarification of Form of Notice of Suspension of Operations
• NPRR406 Clarification of the Timeline for Calculating the Value of X at Minimum Energy Level
• NPRR426 Standing Non-Spin Deployment in the Operating Hour for Generation Resources Providing On-Line Non-Spin Urgent
• NPRR427 Energy Offer Curve Requirements for Generation Resources Assigned Reg-Up and Responsive Reserve Service (RRS) Urgent
• NPRR428 Energy Offer Curve Requirements for Generation Resources Assigned Non-Spin Responsibility Urgent

·         Planning Guide Revision Request (PGRR) 009 New Planning Guide Section 6.8, Resource Registration Procedures

Vote

B. Jones

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b. Revision Requests Non-Unanimously Recommended by TAC*

·        NPRR351 Security Constrained Economic Dispatch (SCED) Look-Ahead Step 1: Pricing: Calculate Non-Binding Prices and Basepoints for Initial Research into SCED Look-Ahead and allow Consumers to have a Forward Price Projection Urgent

Vote

B. Jones

--

c. Holistic Approach to Congestion Irresolvable by SCED

·         TAC Advocate Presentation of TAC Recommendation*

·         ERCOT’s Response to Board Request for Data regarding Disputed Issue*

·         Appeal and Position Statement of South Texas Electric Cooperative, Inc. (STEC)*

·         Position Statements of Interested Parties* (Independent Market Monitor, Calpine, Direct Energy, EDF Trading, NRG Texas)

Vote

B. Jones

--

d. Response to Request to Review Potential Gaps between Operations and Planning*

Discussion

B. Jones

--

e. Updates to the TAC Response to the ERCOT Board Operations Task Force Report on the February 2, 2011 Extreme Weather Event*

Discussion

K. Ogelman

--

Recess until 8:30 a.m. on Tuesday, December 13, 2011

--

--

--

3.

Reconvene Open Session and Announce Proxies at 8:30 a.m. on Tuesday, December 13, 2011

--

L. Doll

3

4.

October 18, 2011 Meeting Minutes*

Vote

L. Doll

2

5.

Chief Executive Officer (CEO) Update*

Discussion

T. Doggett

20

6.

Operating Reports

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--

70

a. Financial Summary Report*

Discussion

M. Petterson

--

b. External Affairs Update*

Discussion

T. Gage

--

c. Wholesale Market Operations Report*

Discussion

J. Dumas

--

d. Commercial Market Operations Report*

Discussion

D. Goodman

--

e. Grid Operations and Planning Report*

Discussion

K. Saathoff

--

f. Information Technology (IT) and Facilities Reports*

Discussion

J. Dreyer

--

g. Business Integration Update including Project Priority List (PPL) Update*

Discussion

B. Day

--

7.

Resource Adequacy Assessment Update*

Discussion

D. Woodfin

20

Break Recess for Forty-First Annual Membership Meeting (at Austin Marriott South, 4415 South IH-35) from 10:30 a.m. to 1:30 p.m.

--

--

180

8.

Finance & Audit (F&A) Committee Report

Discussion

C. Karnei

15

a. Acceptance of 2011 Service Organization Control Audit Report*

Vote

--

--

9.

H. R. & Governance Committee Report

Discussion

A. Dalton

15

a. 2012 Key Performance Indicators*

Vote

--

--

b. Board Policies and Procedures*

Vote

--

--

10.

ERCOT 2012-2016 Strategic Plan Update*

Discussion

P. Feuerbacher

15

11.

Adjunct Membership Approval for Membership Year 2012

--

--

10

a. Constellation Energy Control and Dispatch LLC*

Vote

B. Magness

--

b. Panda Power Funds*

Vote

B. Magness

--

12.

Other Business

Discussion

L. Doll

10

13.

Future Agenda Items*

Discussion

L. Doll

10

Convene to Executive Session

--

--

95

14.

October 18, 2011 Executive Session Meeting Minutes*

Vote

L. Doll

--

15.

Personnel

Discussion

Staff

--

16.

Security Update

Discussion

C. Manning

--

17.

Compliance Update

Discussion

C. Manning

--

18.

Risk Management Matters*

Discussion

M. Ruane

--

19.

Litigation and Regulatory Matters*

Discussion

Staff

--

20.

Contract Matters*

Discussion

Staff

--

Reconvene to Open Session

--

--

--

21.

Vote on Matters from Executive Session

Vote

L. Doll

10

22.

Adjourn

--

L. Doll

5