1.

Call to order Executive Session

C. Karnei

7:30am

 2.

a.  Approval of executive session minutes (Vote) (07/15/08)

C. Karnei

7:30am

b.  Internal Audit status report

B. Wullenjohn

7:32am

c.  Update on timeline for 2009 Internal Audit plan

B. Wullenjohn

7:35am

d.  Internal Audit 2008 goals update

B. Wullenjohn

7:40am

e.  EthicsPoint update

B. Wullenjohn

7:50am

f.  SAS 70 auditor selection for 2009 (Vote)

B. Wullenjohn /        S. Byone

7:55am

g.  Financial auditor selection for financial year 2008 (Vote)

M. Petterson /         S. Byone

8:00am

h.  Financing plan proposal (Vote)

C. Yager

8:05am

Recess Executive Session

8:50am

Convene General Session

 3.

Approval of general session meeting minutes (Vote) (07/15/08)

C. Karnei

8:50am

 4.

Vote on matters from Executive session (Vote)

C. Karnei

8:52am

 5.

Application of the 2007 actual vs. budget revenue requirement variance (Vote)

9:00am

a.  POLR compensation proposal

D. Ballard

b.  Prior Committee action

C. Karnei

 6.

Quarterly review of investment results

C. Yager

9:25am

 7.

Credit update

C. Yager

9:35am

 8.

Committee Briefs (Q&A only)

All

9:45am

 9.

Future agenda items

S. Byone

9:50am

Adjourn ISO meeting

C. Karnei

9:55am