1.

Call to order Executive Session

C. Karnei

8:00am

2.

a.  Approval of executive session minutes (Vote) (05/20/09)

C. Karnei

8:00am

b.  Internal Audit status report

B. Wullenjohn

8:02am

c.  Update on timeline for 2010 Internal Audit Plan

B. Wullenjohn

8:10am

d.  EthicsPoint update

B. Wullenjohn

8:15am

3.

Advisors/Tax exempt financing

C. Yager

8:20am

4.

Debt financing and liability risk management update

C. Yager

8:30am

5.

Contracts, personnel, litigation and security

Various

8:50am

Recess Executive Session

8:55am

Convene General Session

6.

Approval of general session minutes (Vote) (05/20/09)

C. Karnei

8:55am

7.

Vote on items from executive session (Vote)

C. Karnei

8:56am

8.

Update on 2009 Operating plan

M. Petterson

8:57am

9.

Review 2010 strategic planning and budget assumptions

M. Petterson

9:10am

10.

External audit Request for Proposal (RFP)

M. Petterson

9:20am

11.

Review proposed changes to MOU with Texas RE

M. Petterson

9:25am

12.

Review the Company’s dealings with any financial institutions that are also market participants

C. Yager

9:30am

13.

Investment status update

C. Yager

9:35am

14.

Committee Briefs (Q&A only)

All

9:45am

15.

Future agenda items

S. Byone

9:50am

Adjourn ISO meeting

C. Karnei

9:55am