1.

Call to Order General Session

M. Armentrout

3:00 p.m.

2.

Approval of April 15, 2008 Minutes* (Vote)

M. Armentrout

3:05 p.m.

3.

CCO Report*

L. Grimm

3:10 p.m.

4.

Approval of Amended Delegation Agreement* (Vote)

S. Vincent

3:20 p.m.

5.

Finance and Audit Committee Report

C. Karnei

3:30 p.m.

a.  Review the 2009 Business Plan & Budget*

L. Grimm

3:35 p.m.

b.  Acceptance of Agreed Upon Procedures Review of 2007 Financials* (Vote)

S. Barry

3:50 p.m.

c. Approval of Memorandum of Understanding with

M. Petterson

3:55 p.m.

    ERCOT* (Vote)

S. Vincent

6.

Human Resources & Governance Committee Report

J. Newton

4:00 p.m.

a.  Approval of Vision and Mission Statement* (Vote)

J. Newton

4:05 p.m.

b.  Governance and Committee Structure Discussion

J. Newton

4:10 p.m.

c.  Approval of CEO Title* (Vote)

J. Newton

4:20 p.m.

7.

Other Business

M. Armentrout

4:25 p.m.

8.

Future Agenda Items*

M. Armentrout

4:27 p.m.

Convene Executive Session

9.

Executive Session

M. Armentrout

4:30 p.m.

a. Approval of April 15, 2008 Minutes* (Vote)

b. Personnel Matters

    i.  Approval of CCO Employment Terms* (Vote)

c. Confidential Compliance Update and Legal Advice*

Reconvene to Open Session

10.

Vote on Matters from Executive Session (Vote)

M. Armentrout

4:40 p.m.

Adjourn Texas RE Meeting