1.

Call to order Executive Session

C. Karnei

7:30am

2.

a.  Approval of executive session minutes (Vote) (03/17/09)

C. Karnei

7:30am

b.  Review of Internal Audit department charter

B. Wullenjohn

7:32am

c.  Internal Audit status report

B. Wullenjohn

7:35am

d.  Adequacy of plan to address a Utilicast recommendation

B. Wullenjohn

7:40am

e.  EthicsPoint update

B. Wullenjohn

7:45am

f.  Quarterly private discussion  with Chief Audit Executive

B. Wullenjohn

7:50am

g.  Contracts, personnel, litigation and security

Various

8:00am

C. Yager

8:05am

Recess Executive Session

8:25am

Convene General Session

3.

Approval of general session meeting minutes (Vote) (03/17/09)

C. Karnei

8:25am

4.

Vote on items from Executive Session (Vote)

C. Karnei

8:27am

5.

Market Credit Risk Standard (Vote)

C. Yager

8:30am

6.

Update on annual financial audit (Vote)

M. Petterson

8:50am

7.

Update on Nodal filing

S. Byone

9:10am

8.

Investment update (includes quarterly report)

C. Yager

9:15am

9.

Annual review of the procedures for handling reporting violations

M. Petterson

9:25am

10.

2009 Financial forecast update

M. Petterson

9:30am

11.

Briefing on ERCOT Contract Administration

Various

9:35am

12.

Committee Briefs (Q&A only)

All

9:50am

 13.

Future agenda items

S. Byone

9:52am

 C. Karnei

9:55am