Board of Directors Meeting


    February 21, 2012
    9:00 AM - 3:30 PM
    ERCOT Austin Room 206
    7620 Metro Center Dr.
    Austin, TX 78744

    Agenda

    Item

    Topic

    Topic Type

    Presenter

    Time

    Allocation in Minutes

    1.       

    Call Open Session to Order and Announce Proxies

    --

    Chair

    5

    2.       

    Consent Agenda:

    ·        Item 3 (Minutes)

    ·        Item 10 (Unopposed Revision Requests Recommended by Technical Advisory Committee)*

    ·         Nodal Protocol Revision Request (NPRR) 407, Credit Monitoring Credit Parameters Posting Requirements

    ·         NPRR408, Clarification of ERCOT Authority to Deny Energization of Non-Compliant Generators

    ·         NPRR422, Public Day Ahead Market (DAM) Shift Factors

    ·         NPRR423, Add Voltage Support Requirement for Intermittent Renewable Resources (IRRs) and Allow Manual Control of Static Volt-Ampere Reactive (VAr) Devices if Approved by ERCOT

    ·         NPRR437, Allow Aggregation of Multiple Units Into A Single Resource For Market and Engineering Modeling - Urgent 

    ·         Planning Guide Revision Request (PGRR) 008, New Planning Guide Section 4, Generation Resource Interconnection

    Vote

    Chair

    5

    3.       

    January 17, 2012 Meeting Minutes*

    Vote

    Chair

    5

    4.       

    Chief Executive Officer (CEO) Update*

    Discussion

    Trip Doggett

    20

    5.       

    Operating Reports

    Discussion

    Trip Doggett

    20

     

    a. Financial Summary Report*

    --

    --

    --

     

    b. External Affairs Update*

    --

    --

    --

     

    c. Wholesale Market Operations Report*

    --

    --

    --

     

    d. Commercial Market Operations Report*

    --

    --

    --

     

    e. Grid Operations and Planning Report*

    --

    --

    --

     

    f. Information Technology (IT) Report*

    --

    --

    --

     

    g. Business Integration Update*

    --

    --

    --

    6.       

    Gas Risk Study*

    Discussion

    Kent Saathoff/

    Black & Veatch

    30

    7.       

    Independent Market Monitor (IMM) Report*

    Discussion

    Dan Jones

    15

    8.       

    Proposed Price Correction for DC_N Settlement Point (November 24, 2011)*

    Vote

    John Dumas

    30

    9.       

    Revisions to 2012 Ancillary Services Methodology*

    Vote

    John Dumas

    5

    10.   

    Technical Advisory Committee (TAC) Update*

    Discussion

    Kenan Ogelman

    30

     

    a. Non-Unanimous Revision Requests Recommended by TAC*

    ·         NPRR432, Deployment of Resources to Alleviate Anticipated Emergency Conditions - Urgent

    ·         NPRR434, Increase the Capacity Limitation of a Generation Resource Providing Responsive Reserve (RRS) - Urgent

    ·         NPRR435, Requirements for Energy Offer Curves in the Real Time Security Constrained Economic Dispatch (SCED) for Generation Resources Committed in Reliability Unit Commitment (RUC) - Urgent

    Vote

    --

    --

    11.   

    Lunch

    --

    --

    30

    12.   

    Plans for ERCOT 2011 Internal Revenue Service Form 990 Filing*

    Discussion

    Rebecca Beckham

    5

    13.   

    Finance & Audit (F&A) Committee Report

    Discussion

    F&A Chair

    15

     

    a. Recommendations

    Vote

    --

     

     

    (1) Market Credit Risk Corporate Standard*

    --

    --

    --

     

    (2) Financial Corporate Standard*

    --

    --

    --

     

    (3) Investment Corporate Standard*

    --

    --

    --

    14.   

    H.R. & Governance (HR&G) Committee Report

    Discussion

    HR&G Chair

    15

     

    a.    Recommendation

    Vote

    --

    --

     

    (1)   Ratification of ERCOT Mission Statement*

    --

    --

    --

    15.   

    Nominating Committee Report

    Discussion

    Chair

    5

    16.   

    Call for Special Meeting of ERCOT Corporate Members for Election of Unaffiliated Director*

    Vote

    Chair

    5

    17.   

    Future Agenda Items*

    Discussion

    Chair

    5

    18.   

    Other Business

    Discussion

    Chair

    5

     

    Convene to Executive Session

    --

    --

    90

    19.   

    January 17, 2012 Executive Session Meeting Minutes*

    Vote

    Chair

    --

    20.   

    Review of Board Committees

    Discussion

    Chair

    --

    21.   

    Analysis of Staff Operating Reports*

    Discussion

    Vice Chair

    --

    22.   

    Personnel

    Discussion

    Chuck Manning

    --

    23.   

    Security Update*

    Discussion

    Chuck Manning

    --

    24.   

    Compliance Update

    Discussion

    Chuck Manning

    --

    25.   

    Risk Management Matters

    Discussion

    Mark Ruane

    --

    26.   

    Litigation and Regulatory Matters*

    Discussion

    Bill Magness

    --

    27.   

    Contract Matters*

    Discussion

    Adam Martinez

    --

     

    Reconvene to Open Session

    --

    --

    --

    28.   

    Vote on Matters from Executive Session

    Vote

    Chair

    5

    29.   

    Adjourn

    --

    Chair

    5


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