Item

Topic

Presenter

Time**

1.

Call to Order Open Session

J. Newton

12:30 p.m.

2.

Approval of May 19, 2009 Minutes* (Vote)

J. Newton

12:31 p.m.

3.

CEO Report

L. Grimm

12:35 p.m.

4.

Operating Reports

a. Compliance Report* (Q&A)

V. Barry

12:40 p.m.

b. Violation Tracking Report* (Q&A)

V. Barry

12:45 p.m.

c. Standards Report* (Q&A)

L. Grimm

12:50 p.m.

d. Financial Report* (Q&A)

T. Brewer

12:55 p.m.

5.

Texas RE Advisory Committee Report

M. Gent

12:53 p.m.

a. Approval of 2010 Business Plan & Budget* (Vote)

L. Grimm

1:00 p.m.

b. Approval of Amended MOU with ERCOT* (Vote)

S. Vincent

1:10 p.m.

c. Governance - Possible Separation from ERCOT* (Vote)

L. Grimm

J. Newton

1:15 p.m.

• Approval of Supplemental Budget for Structural Separation* (Possible Vote)

L. Grimm

e. Approval of Texas RE Statement of Activities* (Possible Vote)

L. Grimm

1:25 p.m.

6.

Other Business

J. Newton

1:30 p.m.

7.

Future Agenda Items*

J. Newton

1:33 p.m.

Convene Executive Session

8.

Executive Session

J. Newton

1:35 p.m.

a.  Approval of May 19, 2009 Minutes* (Vote)

J. Newton

1:36 p.m.

b.  Confidential Compliance Update*

L. Grimm

1:38 p.m.

c. Governance, Personnel Matters, Audit and/or Legal Advice

J. Newton

1:45 p.m.

• Approval of CEO Compensation Modification (Vote)

M. Gent

1:50 p.m.

Reconvene to Open Session

9.

Vote on Matters from Executive Session (Vote)

J. Newton

1:58 p.m.

Adjourn Texas RE Board Meeting