PRESS RELEASE
April 18, 2005
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ERCOT Board of Directors Meeting - April 19 in Austin, Texas

April 19, 2005, 10 a.m. - 5 p.m.
Note Change Of Location: Omni Southpark, Austin, Texas

Agenda

10:00 a.m. Welcome Carolyn Lewis Gallagher, Unaffiliated Board Member
10:10 a.m. Deloitte &l Touche Update
10:25 a.m. CEO Report
10:35 a.m. Operations Update
  • Reserve Margin Update
  • Texas Genco Retirements – RMR Consideration Update
10:45 a.m. Market Operations Update
  • Response to PUCT Request – Zonal Model Enhancements
11:00 a.m. Texas Nodal Team
  • TNT Update
  • Draft Project Plan for Nodal Implementation
11:25 a.m. Financial Update
11:35 a.m. Finance and Audit Committee
  • Revisions to Loan Terms
12:00 p.m. Lunch
1:00 p.m. TAC Report
  • Protocol Revision Requests (Vote)
  • Update – ERCOT Reserve Margin/Generation Adequacy Task Force
  • Update – 2001 and 2002 ADR Resolution
  • Status of Response to Potomac Economics Recommendations
2:00 p.m. H. R. & Governance Committee
  • Officer Approval of Vice President of Human Resources and Organizational Development; Vice President, Chief Information Officer; and Interim General Counsel and Secretary (Vote)
  • Board Director Ethics Agreement
2:15 p.m. Special Committee Report
2:30 p.m. Other Business
3:00 p.m. Executive Session
  • Litigation Matters
  • Loan Term Approval (Vote)
  • Personnel Matters
  • ADR Settlement (Vote)
5:00 p.m. Adjourn

Board materials and presentations are posted each month on the ERCOT Web site Meeting Calendar by date of the board meeting.

The next board meeting will be May 17, 2005, 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