Event Details

Home
Meeting Calendar
Event Details

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: https://www.ercot.com/committees/board/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:

Your name
The company or organization that you represent, if applicable
Your preferred email address
Your telephone number where you can be reached immediately prior and during the urgent F&A Committee meeting
The agenda item for which you plan to provide comment
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).