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