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Board of Directors Meeting

July 17, 2012
09:00 AM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206

Agenda

Tab

Topic

Topic Type

Presenter

Time Allocation in Minutes

1.

Call General Session to Order and Announce Proxies and Segment Alternates

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Chair

5

2.

Consent Agenda

Vote

Chair

5

2.1

Unopposed Nodal Protocol Revision Requests (NPRRs) and Planning Guide Revision Requests (PGRRs) Recommended by Technical Advisory Committee (TAC) for Approval

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2.1.1

NPRR436 Clarify the Use of the Defined Term Season and Its Derivatives

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2.1.2

NPRR438 Additional Minimum Counter-Party Qualification Requirements Including Risk Management Capability Requirements

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2.1.3

NPRR443 Removal of Switchable Generation Resource Plans from Protected Information

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2.1.4

NPRR445 DC Tie Load Zone Price Clarification

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2.1.5

NPRR446 Correction of Non-Spin Ancillary Service Schedule Telemetry for Standing Non-Spin Deployment

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2.1.6

NPRR447 Remove Day-Ahead Qualified Scheduling Entity Requested Decommit Language

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2.1.7

NPRR452 Clarification of Reactive Power Requirements

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2.1.8

NPRR454 Removal of Unfunded Project List Language

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2.1.9

NPRR455 CRR Shift Factors Report

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2.1.10

NPRR456 Clarification of Definition of Electrically Similar Settlement Points and Heuristic Pricing Posting

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2.1.11

NPRR457 Daily Update of New Electric Service Identifiers and Advanced Metering System  Meter and Switch Hold Indicators Changes

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2.1.12

NPRR458 Establishment of ERCOT’s Central Counterparty Role

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2.1.13

NPRR462 Removal of Consumer Benefit Test from the ERCOT Planning Criteria

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2.1.14

NPRR468 Alignment of System-Wide Offer Cap and Scarcity Pricing Mechanism Language with PUCT Substantive Rules - Urgent

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2.1.15

PGRR017 New Planning Guide Section 6.1 Steady-State Model Development

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2.1.16

PGRR019 New Section 1 Overview

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3.

Draft June 19, 2012 Meeting Minutes

Vote

Chair

5

4.

Chief Executive Officer Update

Discussion

Trip Doggett

25

5.

Financial Summary and Operations Reports

Discussion

Trip Doggett

15

 

Break

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10

6.

Independent Market Monitor Report

Discussion

Dan Jones

15

7.

Conservation Messaging for Summer 2012

Discussion

Theresa Gage

20

7.1

Presentation of Public Utility Commission of Texas Consultant Sherry Matthews, Inc.

Discussion

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8.

TAC Update

Discussion

Kenan Ogelman

50

8.1

Non-Unanimous NPRRs Recommended by TAC for Approval

Vote

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8.1.1

NPRR416 Removal of the Reliability Unit Commitment  Clawback Charge for Resources Other than Reliability Must-Run Units

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8.1.2

NPRR459 Better Matching Forward Collateralization with Forward Risk in the Real-Time Market - URGENT 

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8.1.3

NPRR469 Modification to Constraint Competitive Tests -Urgent

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8.2

Protocol Section 4.4.10 Credit Requirement for Day-Ahead Market (DAM) Bids and Offers Required Annual Review of DAM Credit Parameters

Vote

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8.3

Methodology for Setting Maximum Shadow Prices for Network and Power Balance Constraints

Vote

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Lunch

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60

9.

Finance and Audit (F&A) Committee Report

Discussion

F&A Chair

20

9.1

2011 Audit Report of ERCOT 401(k) Savings Plan

Vote

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9.2

User Fees - Congestion Revenue Right (CRR) Account Holder and Independent Market Information System Registered Entity (IMRE) Application Fees

Vote

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10.

Human Resources and Governance (HR&G) Committee Report

Discussion

HR&G Chair

15

10.1

Proposed Modifications to ERCOT Board Policies and Procedures

Vote

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11.

Periodicity of Meetings including Proposed 2013 Board Meeting Schedule

Discussion

Chair

10

12.

Other Business

Discussion

Chair

10

 

Break

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10

 

Executive Session

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Draft June 19, 2012 Executive Session Meeting Minutes

Vote

Chair

5

 

Personnel

Discussion

Chuck Manning

15

 

Security Update

Discussion

Chuck Manning

10

 

Compliance Update

Discussion

Chuck Manning

10

 

Risk Management Matters

Discussion

Mark Ruane

10

 

Litigation and Regulatory Matters

Discussion

Bill Magness

10

 

Contract Matters

Discussion

Staff

10

 

Review of Draft 2011 Internal Revenue Service Form 990 Informational Tax Return

Discussion

Michael Petterson

--

 

General Session

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13.

Vote on Matters from Executive Session

Vote

Chair

10

14.

Adjourn

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Chair

5

Scheduled board Meetings

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