PRESS RELEASE
January 18, 2005
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ERCOT Board of Directors Meeting - January 18

January 18, 2005, 10 a.m. - 5 p.m.
ERCOT, 7620 Metro Center Drive, Austin, Texas

Agenda

10:00 a.m. Call to Order
10:10 a.m. Ratification of ERCOT Officers (Vote)
10:25 a.m. Confirmation of TAC Chair and Vice Chair (Vote)
10:30 a.m. CEO Report
10:30 a.m. Financial Update: Budget Adjustments Report
11:15 a.m. Finance and Audit Committee Report:
  • Accept SAS 70 Audit (Vote)
  • Amendments to F&A Committee Charter (Vote)
Lunch
1 p.m. TAC Report
  • Protocol Revisions (Vote)
  • Appeal of TAC’s Rejection of PRR 556 (Vote)
2 p.m. TNT Update
2:30 p.m. H.R. & Governance Committee Report
  • Amendment of Board Action on PRR 532 – Must Run Alternatives (Vote)
  • Bylaws Working Committee
  • Calendar of Meetings (Vote)
3:00 p.m. Special Committee Report
3:10 p.m. Board Committee Assignments (Vote)
3:20 p.m. Other Business
3:30 p.m. Executive Session
  • Personnel Matters
  • Litigation Update
  • Contract Matters
5 p.m. Adjourn

Additional background materials are available. All times shown in the Agenda are approximate. The next board meeting is scheduled for February 16, at ERCOT, 7620 Metro Center Drive, Austin, Texas.

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