Tab

Topic

Topic Type

Presenter

Time

Allocation in Minutes

1.

Call General Session to Order, Announce Proxies and Segment Alternates

--

Chair

2

2.

July 16, 2012 General Session Meeting Minutes

Vote

Chair

3

3.

Periodic Meeting with ERCOT Independent Financial Auditor

Discussion

Rebecca Beckham;

Ernst & Young

30

3.1

Independent Auditor 2012 Financial Statement Audit Plan

Discussion

Ernst & Young

--

3.1.1

Audit Risk Areas and Audit Approach Planned for the 2012 Financial Statement Audit

Discussion

--

--

3.1.2

Educational Information regarding Risk Management Topics

Discussion

--

--

3.1.3

Independence Report from the Independent Auditor

Discussion

--

--

4.

Results of Examination and Independence Report from the Service Organization Control Auditor

Discussion

Brightline

 15

5.

Recommendation regarding Acceptance of  2012 Service Organization Control Report

Vote

Allison Atherton;

Brightline

5

6.

User Fees

Discussion

Chad Seely

10

6.1

Recommendation regarding Risk Management Verification Fee

Vote

Mark Ruane

--

6.2

Digital Certificate Fee

Discussion

Chad Seely

--

7.

Periodic Report on Credit Work Group Activity

Discussion

Tamila Nikazm

20

8.

Review Auction Clearing Price Exposure (ACPE) Parameters

Discussion

Mark Ruane

10

9.

Committee Self-Assessment Surveys

Discussion

Chair

10

9.1

2011 Survey Responses

Discussion

Chair

-

9.2

2012 Proposed Survey Form

Discussion

Chair

-

10.

Review List of Financial Institutions That Are Also Market Participants

Discussion

Leslie Wiley

10

11.

Committee Briefs

Discussion

Michael Petterson

1

12.

Future Agenda Items

Discussion

Michael Petterson

3

13.

Other Business

Discussion

Chair

1

Executive Session

--

--

110

July 16, 2012 Executive Session Meeting Minutes

Vote

Chair

Contract, Personnel, Security, Compliance, Risk Management, Litigation and Regulatory Matters

Discussion

Mark Ruane

--

Periodic Report on Internal Audit Activity from the Chief Audit Executive

Discussion

Bill Wullenjohn

--

Reconvene to General Session

--

--

--

14.

Vote on Matters from Executive Session

Vote

Chair

2

15.

Recommendation regarding Selection of ERCOT Independent Financial Auditor

Vote

Rebecca Beckham

4

16.

Recommendation regarding Selection of ERCOT Service Organization Control Auditor

Vote

Allison Atherton

4

17.

Adjourn

--

Chair

--