1.

Call to order Executive Session

C. Karnei

7:30am

2.

a.  Approval of executive session minutes (Vote) (02/17/09)

C. Karnei

7:30am

b.  EthicsPoint update

B. Wullenjohn

7:32am

c.  Chief Audit Executive compensation and salary adjustment

B. Kahn

7:40am

d.  Internal Audit status report

B. Wullenjohn

7:55am

e.  External audit strategy

M. Petterson

8:05am

f.  Contracts, personnel, litigation and security

Various

8:20am

Recess Executive Session

8:30am

Convene General Session

3.

Approval of general session meeting minutes (Vote) (02/17/09)

C. Karnei

8:30am

4.

Financial update

4a.  Update on investment balances

S. Byone

8:32am

4b.  Update on ERCOT, Inc. tax status

S. Byone /          M. Grable

8:40am

4c.  Update on debt funding and financing plan

S. Byone

8:50am

4d.  Financial standard (Vote)

S. Byone

9:00am

5.

Reconsideration of Nodal Surcharge rate (Vote)

S. Byone

9:10am

6.

Financial audit update

M. Petterson

9:25am

7.

Financial oversight for Nodal Program

S. Byone

9:35am

8.

Committee Briefs (Q&A only)

All

9:45am

9.

Future agenda items

S. Byone

9:50am

Adjourn ISO meeting

C. Karnei

9:55am