1.

Call to order Executive Session

C. Karnei

8:00am

2.

2a.  Approval of executive session minutes (Vote) (01/15/08)

C. Karnei

8:00am

2b.  Internal Audit status report

B. Wullenjohn

8:03am

2c.  EthicsPoint update

B. Wullenjohn

8:08am

2d.  Update on Internal Audit goals

B. Wullenjohn

8:13am

Recess Executive Session

8:25am

Convene General Session

3.

Approval of general session minutes (Vote) (01/15/08)

C. Karnei

8:25am

4.

Follow up discussion of Oliver Wyman report

C. Yager

8:28am

5.

Forbearance request re prior protocol 16.2.8 (Vote)

C. Yager

8:45am

6.

Update on 2007 year-end financial results

M. Petterson

8:50am

7.

Update on status of Nodal filing

S. Byone

9:00am

8.

2009 budget planning and key assumptions

M. Petterson

9:05am

9.

Update on Texas RE accounting

M. Petterson

9:25am

10.

Committee Briefs (Q&A only)

All

9:35am

11.

Future agenda items

S. Byone

9:40am

Adjourn ISO meeting

C. Karnei

9:45am