1.

Call to order ISO meeting

C. Karnei

 8:00am

2.

Adjourn to Executive Session

2a.  Approval of minutes (Vote) (04/18/07) (Vote) (05/04/07) (Vote) (05/16/07)

C. Karnei

8:00am

2b.  Internal Audit status report

B. Wullenjohn

8:05am

2c.  EthicsPoint update

B. Wullenjohn

2d.  ERCOT credit review

C. Yager

8:25am

Reconvene to General Session

3.

Approval of minutes (Vote) (05/16/07)

S. Vincent

8:35am

4.

Vendor credit review

C. Yager

8:36am

5.

Finance & Audit Committee Charter approval (Vote)

S. Vincent

8:40am

6.

6a.  2007 Year-end financial projection

M. Petterson

8:45am

6b.  Capital Project portfolio status

D. Troxtell

7.

Briefing on preliminary 2008 budget schedule and assumptions

M. Petterson

9:05am

8.

Update on debt financing

C. Yager

9:15am

9.

Report of external auditor pre-approval status/limits

M. Petterson

9:20am

10.

Review the procedures for handling reporting violations

M. Petterson

9:25am

11.

Committee briefs (Q&A only)

All

9:30am

12.

Future agenda items

S. Byone

9:35am

Adjourn ISO meeting

 9:40am