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Board of Directors Meeting

March 07, 2022
09:00 AM - 04:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744

Agenda

Board of Directors Meeting

Room B; 8000 Metropolis Drive (Building E), Suite E, Austin, Texas

March 7, 2022, 9:00 a.m. to 4:00 p.m.; Continuing March 8, 2022, 9:00 a.m. to 3:00 p.m.*

Item

Topic

Topic Type

Presenter

 

Convene Meeting at 9:00 a.m.,

Monday, March 7, 2022

 

 

1.

Call General Session to Order and Announce Proxies

--

Chair

2.

Notice of Public Comment, if Any

Discussion

Chair

3.

Confirmation of Technical Advisory Committee (TAC) Chair and Vice Chair for 2022

Vote

Chair

4.

Consent Agenda

Vote

Chair

4.1

Unopposed Revision Requests Recommended by TAC for Approval

Vote

--

4.1.1

NPRR1095, Texas SET V5.0 Changes

Vote

--

4.1.2

NPRR1097, Create Resource Forced Outage Report – URGENT

Vote

--

4.1.3

NPRR1098, Direct Current Tie (DC Tie) Reactive Power Capability Requirements

Vote

--

4.1.4

NPRR1099, Managing Network Operations Model Resource Nodes

Vote

--

4.1.5

NPRR1102, ERCOT Discretion for Adjusting Non-Interval Data Recorder (NIDR) Backcasted Load Profiles

Vote

--

4.1.6

NPRR1111, Related to SCR819, Improving IRR Control to Manage GTC Stability Limits – URGENT

Vote

--

4.1.7

NPRR1113, Clarification of Regulation-Up Schedule for Controllable Load Resources in Ancillary Service Imbalance – URGENT

Vote

--

4.1.8

NPRR1114, Securitization – PURA Subchapter N Uplift Charges – URGENT

Vote

--

4.1.9

NOGRR234, Related to NPRR1098, Direct Current Tie (DC Tie) Reactive Power Capability Requirements

Vote

--

4.1.10

OBDRR034, Related to NPRR1099, Managing Network Operations Model Resource Nodes

Vote

--

4.1.11

ODBRR037, Power Balance Penalty and Shadow Price Cap Updates to Align with PUCT Approved High System-Wide Offer Cap

Vote

--

4.1.12

OBDRR038, Minimum Contingency Level Updates to Align with PUCT Order

Vote

--

4.1.13

PGRR099, Revise GIM Process to Ensure Compliance with the Lone Star Infrastructure Protection Act

Vote

--

4.1.14

RMGRR169, Related to NPRR1095, Texas SET V5.0 Changes

Vote

--

4.1.15

SCR816, CRR Auction Bid Credit Enhancement

Vote

--

4.1.16

SCR817, Related to NPRR1095, MarkeTrak Validation Revisions Aligning with Texas SET V5.0

Vote

--

4.1.17

SCR819, Improving IRR Control to Manage GTC Stability Limits – URGENT

Vote

--

4.2

High System-Wide Offer Cap (HCAP) Parameter Change - Alignment with Public Utility Commission of Texas (PUCT) Direction on the Operating Reserve Demand Curve (ORDC) Design

Vote

--

5.

Review of ERCOT Corporate Governance and Selection of Board Committees

Vote

Chad V. Seely/
Jonathan Levine

6.

Date Changes for 2022 Board Meetings and Annual Meeting of Members

Vote

Chair

7.

Proposed 2023 Board Meeting and Annual Meeting Schedule

Discussion

Chair

8.

General Session Meeting Minutes

Vote

Chair

8.1

December 9-10, 2021 Meeting Minutes

Vote

--

8.2

January 17-18, 2022 Special Meeting Minutes

Vote

--

9.

CEO Update

Discussion

Brad Jones

10.

Overview of ERCOT, Inc. Budget and Finances

Discussion

Sean Taylor

11.

Review 2021 Financial Summary

Discussion

Sean Taylor

12.

Forecast Adequacy of the Budgeted System Administration Fee

Discussion

Sean Taylor

13.

Election of Interim Chief Executive Officer and Ratification of Officers

Vote

Chair

14.

Human Resources Operations Report

Discussion

Mara Spak

15.

Strategic Goal Update and Review of Q4 2021 Key Performance Indicators (KPIs)

Discussion

Kristi Hobbs

16.

Independent Market Monitor (IMM) Report

Discussion

IMM

17.

TAC Report

Discussion

TAC Chair

17.1

Non-Unanimous Revision Requests Recommended by TAC for Approval

Vote

--

17.1.1

NPRR1120, Create Firm Fuel Supply Service – URGENT

Vote

--

17.1.2

OBDRR039, ORDC Changes Related to NPRR1120, Create Firm Fuel Supply Service

Vote

--

17.1.3

PGRR095, Establish Minimum Deliverability Criteria

Vote

--

18.

Ratification of Principal Office Designation

Vote

Chad V. Seely

19.

Proposed Modifications to Form Ethics Agreement for Directors

Vote

Chad V. Seely

20.

2021 Internal Revenue Service Form 990 Questionnaire

Discussion

Sean Taylor

21.

Other Business

Discussion

Chair

 

Convene Executive Session

--

--

 

Risk Management Matters

Discussion

Staff

 

Recess Meeting until 9:00 a.m.,

Tuesday, March 8, 2022

--

--

22.

Reconvene General Session and Announce Proxies

Discussion

Chair

23.

Other Business

Discussion

Chair

 

Reconvene Executive Session

--

--

 

Executive Session Meeting Minutes

Vote

Chair

 

December 9-10, 2021 Meeting Minutes

Vote

--

 

January 17-18, 2022 Special Meeting Minutes

Vote

--

 

Periodic Report on Internal Audit Activity

Discussion

Penny Rychetsky

 

Security Matters

Discussion

Staff

 

Compliance Update

Discussion

Staff

 

Contract Matters

Discussion

Staff

 

Litigation and Regulatory Matters

Discussion

Staff

 

Personnel

Discussion

Staff

 

Reconvene General Session

--

--

24.

Vote on Matters from Executive Session

Vote

Chair

25.

Adjournment

--

Chair


*The conclusion time shown on the Agenda is approximate. 

The meeting may conclude earlier or later than the noted time.

Matters may also be taken out of Agenda order. 

 Any person who wants to comment at the meeting on one or more of the matters under discussion at public portions of the meeting can do so by completing a form provided at the meeting with the following information:

a.    Name

b.    Company or organization, if applicable

c.    Preferred email address

d.    The agenda item(s) for which comments will be made

e.    The general substance of the comments to be made

 

Please arrive at least 10 minutes prior to the start of the meeting to allow time to complete the form.

 

The live webcast of the General Session of the meeting may be viewed on the ERCOT website: https://www.ercot.com/committees/board.

 

If you experience technical problems associated with the webcasting service,

please contact webcast service provider Swagit Productions directly by phone at


(214) 432-5905 (main office) or (800) 573-3160 (toll free).


Scheduled board Meetings

Key Documents

Feb 28, 2022 - pdf - 76.6 KB
Feb 28, 2022 - zip - 2.2 MB
Mar 1, 2022 - pdf - 209.6 KB
Feb 28, 2022 - pdf - 209.1 KB
Feb 28, 2022 - pdf - 477.2 KB
Feb 28, 2022 - pdf - 192.8 KB
Feb 28, 2022 - pdf - 712.4 KB
Feb 28, 2022 - pdf - 208.8 KB
Feb 28, 2022 - zip - 517.5 KB
Feb 28, 2022 - pdf - 125.3 KB

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