Urgent Finance & Audit Committee Meeting - Teleconference Available by Webcast

February 08, 2021
09:00 AM

Agenda

Item

Topic

Topic Type

Presenter

1.

Call General Session to Order, Announce Proxies and Segment Alternates

--

Chad V. Seely

2.

Announcement of Committee Membership

Discussion

Chad V. Seely

3.

Election of Committee Chair

Vote

Bill Magness

4.

Election of Committee Vice Chair

Vote

Bill Magness

5.

Designation of Committee Secretary

Vote

Chair

6.

December 7, 2020 General Session Urgent Meeting Minutes

Vote

Chair

7.

Charter Review and Approval

--

--

 
7.1

Recommendation Regarding Committee Charter

Vote

Chair

 
7.2

Review and Approval of Internal Audit Department Charter

Vote

Penny Rychetsky

 
7.3

Review and Ratification of Credit Work Group Charter and Qualification Guidelines

Vote

Mark Ruane

8.

Policy Review and Approval

--

--

 
8.1

Recommendation Regarding Market Credit Risk Corporate Standard

Vote

Mark Ruane

 
8.2

Recommendation Regarding Financial Corporate Standard

Vote

Leslie Wiley

 
8.3

Recommendation Regarding Investment Corporate Standard

Vote

Leslie Wiley

 
8.4

Handling of Complaints Regarding Financial Matters

Discussion

Sean Taylor

 
8.5

Policy on Hiring Former Employees of the Independent Auditor

Discussion

Sean Taylor

 
8.6

Policy on Independent Auditor Selection

Discussion

Sean Taylor

9.

Confirmation of Credit Work Group Chair and Vice Chair

Vote

Mark Ruane

10.

Periodic Report on Credit Work Group Activity

Discussion

CWG Chair

11.

Letter of Credit Issuer Limits

Discussion

Mark Ruane

12.

Committee Education Plan for 2021

Discussion

Sean Taylor

13.

Forecast Adequacy of the Budgeted System Administration Fee

Discussion

Sean Taylor

14.

Committee Briefs

Discussion

Staff

 
14.1

Review 2020 Financial Summary

Discussion

Sean Taylor

 
14.2

Periodic Report on Investments

Discussion

Leslie Wiley

 
14.3

Financial Institutions which are Market Participants

Discussion

Leslie Wiley

15.

Future Agenda Items

Discussion

Sean Taylor

16.

Other Urgent Business

Discussion

Chair

 

Break

 

 

 

Convene Executive Session

--

--

 

December 7, 2020 Executive Session Urgent Meeting Minutes

Vote

Chair

 

Contract, Personnel, Security, Compliance, Risk Management, Litigation and Regulatory Matters

Discussion

Staff

 

Periodic Report on Internal Audit Activity

Discussion

Penny Rychetsky

 

Reconvene General Session

--

--

17.

Vote on Matters from Executive Session

Vote

Chair

18.

Adjournment

--

Chair

 

*The conclusion time shown on the Agenda is approximate.

The meeting may conclude earlier or later than the noted time.

Matters may also be taken out of Agenda order.

 

The next regularly-scheduled F&A Committee Meeting is expected to be held on April 12, 2021.

 

A live meeting webcast will be available on the main web page for the Board: http://www.ercot.com/committee/finance_audit.

 

Any person who wants to provide public comment on the agenda items can do so by sending an email to Vickie Leady, ERCOT Assistant General Counsel and Assistant Corporate Secretary, at Vickie.Leady@ercot.com by 5:00 pm on Friday, February 5, 2021, with the following information:

 

  1. Your name
  2. The company or organization that you represent, if applicable
  3. Your preferred email address
  4. Your telephone number where you can be reached immediately prior and during the urgent F&A Committee meeting
  5. The agenda item for which you plan to provide comment
  6. The general substance of your comment

 

Upon receipt of this information, a unique personal identifier, technical information on participation, and allotted time limit will be provided to each participant in advance of the meeting.

 

If you experience technical problems associated with the webcasting service,

please contact webcast service provider Swagit Productions directly by phone at

(214) 432-5905 (main office) or (800) 573-3160 (toll free).

Scheduled Finance & Audit Meetings