PRESS RELEASE
September 20, 2004
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ERCOT Board of Directors Meeting - September 21 in Austin, Texas

7620 Metro Center Drive, Austin Texas
October 19, 2004; 10:00 a.m. to 5:00 p.m.*

1. Call to Order M. Greene 10:00 a.m.*
2. Approval of Minutes (Vote) M. Greene 10:05 a.m.*
3. CEO Report T. Schrader 10:10 a.m.*
4. Operations Update
  • Voltage Study Request (Vote)
 S. Jones 10:20 a.m.*
5. Market Operations Update R. Giuliani 10:40 a.m.*
6. Financial Update M. Buckles 10:55 a.m.*
7. Finance and Audit Committee Report
  • Term Loan – Extension of Deadline for Drawing Funds (Vote)
 C. Karnei 11:10 a.m.*
8. TAC Report
  • Protocol Revisions (Vote)
  • Suspension of 2004 Load Profile ID Assignment (Vote)
  • 2005 CSCs and Congestion Zones (Vote)
 R. Comstock 11:30 a.m.*
Lunch 12:00 p.m.*
8. TAC Report (Continued) R. Comstock 1:00 p.m.*
9. TNT Update
  • Delay in Recommendation on Competitive Test (Vote)
 T. Doggett 2:45 p.m.*
10. H.R. & Governance Committee Report
  • 401(k) Plan and Money Purchase Plan Changes (Vote)
  • Nominating Committee
 B. Kahn 3:15 p.m.*
11. Special Committee Report M. Espinosa 3:30 p.m.*
12. Other Business M. Greene 3:45 p.m.*
13. Executive Session M. Greene 4:00 p.m.*
 
  • H.R. Issues
  • Litigation Update
  • Special Committee Update
 M. Espinosa  
14. Adjourn M. Greene 5:00 p.m.*

*All times shown in the Agenda are approximate.

If you have an interest in attending this meeting, please contact ERCOT director of communications, Heather Tindall, at 512-225-7023, cell 512-750-5456, or e-mail: htindall@ercot.com.

Board meetings are held at ERCO-Austin located at 7620 Metro Center Drive, Austin, Texas. The next board meeting will be October 19, 2004.

Most ERCOT meetings, including open session meetings of the board and meetings of TAC and its subcommittees and working groups, are open to the public. The only exceptions to the open meeting policy are executive sessions of the board, at which personnel issues, contracts, or litigation are discussed; and certain meetings at which protected market information is examined by a restricted audience. (RSVPs to the meetings are requested to ensure adequate accommodations, but are not required for attendance.)

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