1.

Call to Order

M. Armentrout

10:00 a.m.

2.

Approval of Minutes of January 17, 2006 Meeting* (Vote)

M. Armentrout

10:05 a.m.

3.

CEO Report

T. Schrader

10:10 a.m.

4.

Operations Update

·        ERO Transition

·        Pre-Nodal Transmission Studies*

S. Jones

B. Bojorquez

10:25 a.m.

10:40 a.m.

5.

Reliability Compliance Update*

L. Grimm

10:45 a.m.

6.

Market Operations Update*

R. Giuliani

11:00 a.m.

7.

Information Technology Update

·        Status Report - December Outage

·        EMC Filings

Nodal Status Report

R. Hinsley

11:15 a.m.

8.

Financial Update*

·        Project Management Process Improvement Update*

S. Byone

L. Petoskey

11:35 a.m.

11:45 a.m.

Lunch

11:55 a.m.

9.

TAC Report

·        Report on Goals from TAC Planning Retreat*

·        Protocol Revision Requests & System Change Request* (Vote)

·        Consideration of Temporary Change to 2005 Annual Validation* (Vote)

R. Comstock

1:00 p.m.

10.

Finance & Audit Committee Report

·        Committee Charter Revision* (Vote)

C. Karnei

2:00 p.m.

11.

H.R. & Governance Committee Report

·        Compensation for ERCOT Board Chair* (Vote)

·        Approval of Dashboard Goals* (Vote)

B. Kahn

2:15 p.m.

12.

Other Business

M. Armentrout

2:30 p.m.

13.

Future Agenda Items*

M. Armentrout

2:35 p.m.

14.

Adjourn to Executive Session

·        Contract Issues* (Vote) +

·        Litigation Update

·        Personnel Issues

·        Market Participant Request for Verifiable Cost* (Vote) +

M. Armentrout

R. Connell

A. Gallo

2:40 p.m.

15.

Reconvene in Public Session -- Report on Executive Session

M. Armentrout

3:10 p.m.

16.

Adjourn

M. Armentrout

3:15 p.m.