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ERCOT Finance & Audit Committee Meeting

December 09, 2008
08:00 AM - 09:45 AM
Hilton - Austin Airport
9515 Hotel Dr.
Austin, TX 78719
- Wildflower Conference Room

Agenda

 1.

Call to order General Session

C. Karnei

8:30am

 

 2.

Approval of general session minutes (Vote) (11/17/08)

C. Karnei

8:30am

 

 3.

Guarantee agreements - CWG feedback

A. List / C. Yager

8:31am

 

 4.

Claim Audit of ERCOT Health Plan by Sagebrush Solutions

N. Capezzuti

8:45am

 

 5.

2008 SAS 70 audit report

S. Barry

8:50am

 

 6.

Review and approval of January 2009 operating budget (Vote)

M. Petterson

9:00am

 

 7.

Review listing of dealings with financial institutions that are also market participants

C. Yager

9:10am

 

 8.

Investment update - accounting for potential loss in Primary Fund (Vote)

M. Petterson / C. Yager

9:15am

 

 9.

Review results of Finance & Audit Committee self assessment

All

9:25am

 

 10.

Committee Briefs (Q&A only)

All

9:35am

 

 11.

Future agenda items

S. Byone

9:37am

 

 

Recess General Session

 

9:40am

 

 

Convene Executive Session

 

 

 

 12.

a.  Approval of executive session minutes (Vote) (11/17/08)

C. Karnei

9:40am

 

 

b.  Approval of 2009 Internal Audit plan (Vote)

B. Wullenjohn

9:41am

 

 

c.  Internal Audit status report

B. Wullenjohn

9:50am

 

 

d.  Internal Audit staffing and budget update

B. Wullenjohn

9:55am

 

 

e.  EthicsPoint update

B. Wullenjohn

10:00am

 

 

f.  Discussion with executive management

B. Kahn / S. Byone

10:05am

 

 

g.  Assessment of the adequacy and effectiveness of the Internal Audit staff

B. Wullenjohn

10:15am

 

 

h.  Contracts, personnel, litigation and security

B. Kahn / M. Grable

10:25am

 

 

Adjourn ISO meeting

C. Karnei

10:30am

 

 

 

 

 

Scheduled finance_audit Meetings

Key Documents

25 - ISO Approved F & A Cmtee Mtg Minutes - December 9, 2008 - G
Supplemental December 9, 2008 Approved Finance & Audit Committee Meeting Minutes
Jan 23, 2009 - pdf - 2.9 MB
20081209 FA Meeting Materials
Finance & Audit Meeting Materials
Dec 2, 2008 - pdf - 1.5 MB
Annual Comparison_January 2009
Supplemental Materials Posted 01-05-2009
Jan 5, 2009 - pdf - 11.6 KB
Nodal Explanation_20081209
Supplemental Materials Posted 01-05-2009
Jan 5, 2009 - pdf - 10.2 KB

All information is posted as Public in accordance with the ERCOT Websites Content Management Corporate Standard.

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