Item

Topic

Topic Type

Presenter

Time

Allocation in Minutes

1.      

Call Open Session to Order and Announce Proxies at 9:00 a.m. on Monday, April 16, 2012

--

Chair

10

2.      

Status Update of the Brattle Group’s Evaluation of ERCOT Investment Incentives*

Discussion

Joel Mickey

Brattle Group

45

Convene Executive Session

--

--

110

Break

--

--

15

3.      

Contract Matters*

Discussion

Joel Mickey

Brattle Group

--

4.      

Litigation and Regulatory Matters*

Discussion

Bill Magness

--

Recess until 9:00 a.m. on Tuesday, April 17, 2012; Reconvene Open Session

--

--

--

5.      

Reconvene Open Session and Announce Proxies at 9:00 a.m. on Tuesday, April 17, 2012

--

Chair

5

6.      

Consent Agenda:

· Unopposed Revision Requests Recommended by Technical Advisory Committee (TAC) for Approval:

- Nodal Protocol Revision Request (NPRR) 393, Security Constrained Economic Dispatch (SCED) Constraint Management Transparency;

- NPRR394, Outage Reporting;

- NPRR397, Balance of the Day Ancillary Service Market;

- NPRR402, Clarification of Pre-Day-Ahead Market (DAM) Reliability Unit Commitment (RUC) Instruction Sequence;

- NPRR419, Revise Real-Time Energy Imbalance and Reliability Must Run (RMR) Adjustment Charge

- NPRR421, Clarification of RMR Notification;

- NPRR424, Reactive Capability Testing Requirements for Intermittent Renewable Resources (IRRs)

- NPRR430, Corrections Related to NPRR357, Revisions to Collateral Requirements Concerning Congestion Revenue Rights (CRR) Auctions, and Clarification to Collateral Requirements;

- NPRR431, Board Priority Revision Requests;

- NPRR433, Clarification of Ancillary Service Obligation Calculation Process;

- NPRR448, Clarification of Database Query Results - Urgent

- NPRR449, Reduce Maximum CRR Transaction Limit in Auctions - Urgent

- Planning Guide Revision Request (PGRR) 010, New Planning Guide Section 6.7, ERCOT Data Dictionary;

- PGRR012, Dynamics Working Group Guidelines;

- PGRR013, New Section 6.3, Process for Developing Short Circuit Cases [Portion of System Protection Working Group (SPWG) Procedures];

- PGRR014, Synchronization with NPRR374, Modification of System Change Request (SCR) Process and Urgency Requirements;

- SCR768, Automatic Non-Spin Redeployment and Deployment Based on Resource Availability; and

- SCR769, Congestion Revenue Rights Account Holder (CRRAH) Digital Certificate New Role for Read Only Access

10

7.      

February 21, 2012 Meeting Minutes*

Vote

Chair

5

8.      

Update on March 16, 2012 Special Meeting of Corporate Members*

Discussion

Bill Magness

5

9.      

Chief Executive Officer (CEO) Update*

Discussion

Trip Doggett

20

10.  

Financial Summary and Operating Reports*

Discussion

Trip Doggett

25

Break

--

--

15

11.  

Scenario Analysis - Natural Gas Risk Study*

Discussion

Kent Saathoff

30

12.  

Independent Market Monitor (IMM) Report*

Discussion

Dan Jones

15

13.  

Technical Advisory Committee (TAC) Update*

Discussion

TAC Chair

30

a. Non-Unanimous Revision Requests Recommended by TAC for Approval*

- NPRR327, State Estimator Data Redaction Methodology

- NPRR405, Clarification of Direct Current (DC) Tie Load into Operational Systems and Processes

- NPRR450, Revise Requirements for Contracts to Procure Additional Capacity to Alleviate Emergency Conditions - Urgent

- NPRR451, Implementation of New P.U.C. SUBST. Rule 25.507, Electric Reliability Council of Texas (ERCOT) Emergency Response Service (ERS) - Urgent

Vote

--

--

14.  

Finance & Audit (F&A) Committee Report

Discussion

Clifton Karnei

20

a.  Approval of Modifications to the Standard Form Surety Bond*

Vote

--

--

b. Approval of F&A Committee Charter*

Vote

--

--

c. Approval of Financial Corporate Standard*

Vote

--

--

d. Approval of Investment Corporate Standard*

Vote

--

--

e. Acceptance of 2011 Audited Financial Statements*

Vote

--

--

Lunch

--

--

30

15.  

H.R. & Governance (HR&G) Committee Report

Discussion

Andrew Dalton

15

a. Approval of HR&G Committee Charter*

Vote

--

--

b. Annual Status Report Concerning 2011 Activities of the Benefits Committee*

Discussion

--

--

16.  

Proposed Modifications to 2012 Board Meeting Schedule, including 2012 Strategic Planning Event*

Discussion

--

--

17.  

Quarterly Board Strategic Planning Update*

Discussion

Trip Doggett

10

18.  

Adjunct Membership Approval of Siemens Energy for Membership Year 2012*

Vote

Bill Magness

5

19.  

Future Agenda Items

Discussion

Chair

5

20.  

Other Business

Discussion

Chair

5

Break

--

--

15

Convene to Executive Session

--

--

90

21.  

February 21, 2012 Executive Session Meeting Minutes*

Vote

Chair

--

22.  

Personnel

Discussion

Chuck Manning

--

23.  

Security Update

Discussion

Chuck Manning

--

24.  

Compliance Update

Discussion

Chuck Manning

--

25.  

Risk Management Matters

Discussion

Mark Ruane

--

26.  

Litigation and Regulatory Matters - Continued

Discussion

Bill Magness

--

27.  

Contract Matters - Continued

Discussion

Staff

--

Reconvene to Open Session

--

--

--

28.  

Vote on Matters from Executive Session

Vote

Chair

4

29.  

Adjourn

--

Chair

1