PRESS RELEASE
July 19, 2004
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ERCOT Board Special Committee to Meet July 19

The Special Committee of the ERCOT board of directors will meet on Monday, July 19, 2004, 4-5:30 p.m. at ERCOT Austin, Room 206A. The committee will review the status of the PUCT and internal audits of ERCOT. Members of the public and media are welcome to attend.

The ERCOT board of directors will hold its regular monthly meeting on Tuesday, July 20 at ERCOT Austin from 10 a.m.-5 p.m. Items for discussion include:

CEO Report (Tom Noel) 10:10 a.m.*

Operations Update (Sam Jones) 10:25 a.m.*

Market Operations Update (Ray Giuliani) 10:50 a.m.*

Financial Update (Maxine Buckles) 11:15 a.m.*

Update of the Special Committee of the Board (Mike Espinosa) 3:20 p.m.*

*All times shown on agenda are approximate and may vary greatly depending upon length of discussion.

All ERCOT meetings — including open session meetings of the Board and all meetings of TAC and its subcommittees and working groups — are open to the public.

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to 21 million Texas customers – representing 85 percent of the state’s electric load and 75 percent of the Texas land area. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects 38,000 miles of transmission lines and more than 550 generation units. ERCOT also manages financial settlement for the competitive wholesale bulk-power market and administers customer switching for 6 million Texans in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. ERCOT's members include consumers, cooperatives, independent generators, independent power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipal-owned electric utilities.

Contact
Dottie Roark 512-225-7024