Board of Directors Meeting

    December 13, 2016
    09:00 AM
    ERCOT Austin Room 206
    7620 Metro Center Dr.
    Austin, TX 78744

    Agenda

    Item

    Topic

    Topic Type

    Presenter

    1.

    Call General Session to Order, Announce Proxies and Segment Alternates

    --

    Chair

    2.

    Consent Agenda

    Vote

    Chair

    2.1

    Unopposed Nodal Protocol Revision Requests (NPRRs) and Planning Guide Revision Request (PGRR) Recommended by Technical Advisory Committee (TAC) for Approval

    Vote

    --

    2.1.1

    NPRR773, Broadening Scope of Acceptable Letter of Credit Issuers

    Vote

    --

    2.1.2

    NPRR783, Revision of Network Operations Model Consistency Audit Requirement

    Vote

    --

    2.1.3

    NPRR790, Addition of Phase Angle Limits to the Network Operations Model

    Vote

    --

    2.1.4

    NPRR791, Clarifications to IEL, MCE and Aggregate Amount Owed by Breaching Party

    Vote

    --

    2.1.5

    NPRR792, Changing Special Protection System (SPS) to Remedial Action Scheme (RAS)

    Vote

    --

    2.1.6

    NPRR797, Actual Load by Forecast Zone Report and Display

    Vote

    --

    2.1.7

    NPRR801, Non-Controllable Load Resource MW in PRC

    Vote

    --

    2.1.8

    NPRR803, Remove Grey-boxed Language from NPRR439, Updating a Counter-Party’s Available Credit Limit for Current Day DAM

    Vote

    --

    2.1.9

    PGRR051, Alignment with NPRR792, Changing Special Protection System (SPS) to Remedial Action Scheme (RAS)

    Vote

    --

    2.2

    Other Binding Document, Methodology for Implementing Operating Reserve Demand Curve (ORDC) to Calculate Real-Time Reserve Price Adder

    Vote

    --

    3.

    October 11, 2016 General Session Meeting Minutes

    Vote

    Chair

    4.

    Chief Executive Officer (CEO) Presentation

    Discussion

    Bill Magness

    4.1

    CEO Update

    Discussion

    --

    4.2

    Financial Summary

    Discussion

    --

    4.3

    Operations Report

    Discussion

    --

    5.

    Independent Market Monitor (IMM) Report

    Discussion

    IMM

    6.

    Confirmation of 2017 TAC Representatives

    Vote

    Chair

    7.

    TAC Report

    Discussion

    TAC Chair

    7.1

    Non-Unanimous PGRR Recommended by TAC for Approval

    Vote

    --

    7.1.1

    PGRR042, Regional Transmission Plan Model Reserve Requirement and Load-Generation Imbalance Methodology

    Vote

    --

    8.

    Recess for ERCOT Forty-Sixth Annual Membership Meeting (Austin Marriott South, 4415 South IH-35) from 10:15 a.m. to 1:00 p.m.

    --

    --

    9.

    2017 Methodology for Determining Minimum Ancillary Service Requirements

    Vote

    Sandip Sharma

    10.

    Finance and Audit (F&A) Committee Report

    Discussion

    F&A Vice Chair

    10.1

    Acceptance of 2016 Service Organization Control (SSAE 16) Audit Report

    Vote

    --

    10.2

    Modifications to Guarantee Agreement, Letter of Credit and Surety Bond Standard Forms

    Vote

    --

    11.

    Human Resources and Governance (HR&G) Committee Report

    Discussion

    HR&G Chair

    11.1

    2017 ERCOT Key Performance Indicators (KPIs)

    Vote

    --

    12.

    Other Business

    Discussion

    Chair

     

    Convene Executive Session

    --

    --

     

    October 11, 2016 Executive Session Meeting Minutes

    Vote

    Chair

     

    Selection of 2017 Independent Service Organization Control (SSAE 16) Auditor

    Discussion

    F&A Vice Chair

     

    Risk Management Matters

    Discussion

    Chad Seely

     

    Security Update

    Discussion

    Staff

     

    Compliance Update

    Discussion

    Staff

     

    Contract Matters

    Discussion

    Staff

     

    Litigation and Regulatory Matters

    Discussion

    Chad Seely

     

    Personnel

    Discussion

    Bill Magness

     

    Reconvene General Session

    --

    --

    13.

    Vote on Matters from Executive Session

    Vote

    Chair

    14.

    Adjournment

    --

    Chair

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    Scheduled Board of Directors Meetings