ERCOT - Finance and Audit Committee Meeting(February 20, 2012)

Electric Reliability Council of Texas (ERCOT)

Finance and Audit Committee Meeting

February 20, 2012 1:00 PM - 4:00 PM
ERCOT Austin Room 206 7620 Metro Center Dr. Austin, TX 78744

Agenda

Item	Topic	Topic Type	Presenter	Time
1.	Call Open Session to order and announce proxies	Discussion	Trip Doggett	1:00 pm
2.	Confirm Finance and Audit Committee membership	Discussion	Trip Doggett
3.	Elect Chair of the Finance and Audit Committee	Vote	Trip Doggett
4.	Elect Vice Chair of the Finance and Audit Committee	Vote	Chair
5.	Designate Secretary of the Finance and Audit Committee	Vote	Chair
6.	Approve general session minutes (12/12/11)	Vote	Chair
7.	Review and assess adequacy of the Finance and Audit Committee charter	Discussion	Chair
8.	Approve the Credit Work Group charter	Vote	Mark Ruane
9.	Appoint Credit Work Group Chair and Vice Chair	Vote	Mark Ruane
10.	Review and recommend Board Approval of the Market Credit Risk Corporate Standard	Vote	Mark Ruane
11.	Review and recommend Board approval of the Financial Corporate Standard	Vote	Leslie Wiley
12.	Review and recommend Board approval of the Investment Corporate Standard	Vote	Leslie Wiley
13.	Review forecast liquidity requirements and debt structure options	Vote	Leslie Wiley
14.	Review Committee briefs Management report on significant accounting judgments and estimates Management procedures for handling of complaints regarding financial reporting Management policy for hiring former employees of the independent auditor 2011 IRS Form 990 preparation schedule and related questionnaire to be distributed to board members Report of audit activity Periodic investment report	Discussion	Mike Petterson
15.	Future agenda items	Discussion	Chair
16.	Other business	Discussion	Mike Petterson
	Convene to Executive Session		Chair
17.	Approve executive session minutes (12/12/11)	Vote	Chair
18.	Contract, personnel, security, compliance, risk management, litigation and regulatory matters	Discussion	Chair
19.	Chief Audit Executive status report	Discussion	Bill Wullenjohn
	Reconvene to Open Session		Chair
20.	Vote on Matters from Executive Session	Vote	Chair
	Adjourn meeting		Chair	4:00 pm

Future Meetings

Additional Information

* Background information enclosed or will be distributed prior to meeting. Live and archived broadcasts of board meetings are available at TexasAdmin

Key Documents

F&A General Session 2012-02-20v1
(02/13/12, .pdf, 7.6 MB)
Final version 20120220 FA Agenda_20120213v4_MWP_20120213
(02/13/12, .doc, 89 KB)

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