* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          [00:00:05]
          OKAY. 
          GOOD 
          [1. Call General Session to Order ]
MORNING EVERYONE. 
          UH, TO ERCOT, BOARD OF DIRECTORS AND GUESTS, I'M BILL FLORES, THE BOARD CHAIR, AND I HEREBY RECONVENE AND CALL TO ORDER THE FEBRUARY 9TH AND 10TH 2026 BOARD MEETING. 
          UH, THIS MEETING IS BEING WEBCAST LIVE TO THE PUBLIC ON T'S WEBSITE. 
          UH, PUC COMMISSIONER COURTLY HALT ALTMAN IS PARTICIPATING IN TODAY'S MEETING. 
          UH, SHE'S HERE. 
          SHE'S HERE. 
          SHE FLEW BACK. 
          OKAY. 
          OKAY. 
          HERE IN PERSON TODAY. 
          WELCOME, UH, GLAD TO HAVE YOU BACK AS THE, UH, PUC, UH, SECOND MEMBER ON THE BOARD. 
          COURTNEY. 
          UH, I WOULD LIKE TO PROVIDE PUC CHAIRMAN THOMAS GLEASON OPPORTUNITY TO RECONVENE THE OPEN MEETING OF THE PUBLIC UTILITY COMMISSION OF TEXAS. 
          THANK YOU, MR. CHAIRMAN. 
          THIS MEETING OF THE PUBLIC UTILITY COMMISSION OF TEXAS WILL COME TO ORDER TO CONSIDER MATTERS, HAD BEEN DULY POSTED WITH THE SECRETARY OF STATE FOR FEBRUARY 10TH, 2026. 
          THANK YOU, CHAIRMAN GLEASON. 
          THE ANTITRUST ADMONITION, AND SECURITY MAP ARE INCLUDED WITH THE POSTED MEETING MATERIALS. 
          UH, CHAD, HAS ANYONE FROM THE PUBLIC EXPRESSED INTEREST IN COMMENTING HERE AT THE MEETING? NO. 
          NO ONE TODAY. 
          OKAY. 
          THANK YOU. 
          CHAD. 
          UH, 
          [11. CEO Update ]
ERCOT, CEO, PABLO VEGAS IS OUR FIRST PRESENTER TODAY PRESENTING AGENDA ITEM 11, THE CEO UPDATE. 
          PABLO, THE PODIUM IS YOURS. 
          GOOD MORNING AND THANK YOU CHAIRMAN, AND THANK YOU EVERYBODY FOR YOUR, UH, CONTINUED INTEREST IN THE IMPORTANT WORK THAT, UH, WE ARE DOING HERE IN ERCOT TODAY. 
          I'M GONNA GIVE A BRIEF UPDATE TO COVER A LITTLE BIT OF THE, UM, RECAP OF THE RECENT WINTER STORM FERN THAT WE HAD, AND THE, I THINK THE, THE, THE POSITIVE OUTCOMES THAT WE, UH, EXPERIENCED AND SOME OF THE LESSONS LEARNED FROM THAT. 
          ALSO, UH, WE'LL BE LOOKING, UH, AND, AND TALKING A LITTLE BIT ABOUT OUR NEW LARGE LOAD INTERCONNECTION PROCESS IS ONE OF THE MORE SIGNIFICANT CHANGES THAT'S GOING ON IN OUR SYSTEM TODAY. 
          AND, UM, AND THEN SOME RECOGNITIONS. 
          WE HAVE SOME UNIQUE RECOGNITIONS. 
          WE WERE RECOGNIZED FOR, UH, AN OPERATIONAL EXCELLENCE AWARD RECENTLY, AND TALK A LITTLE BIT ABOUT HOW THAT FITS INTO OUR, UH, OUR ONGOING ERCOT 4.0 STRATEGY. 
          ALL RIGHT. 
          OKAY. 
          UM, SO DAN DID A REALLY NICE JOB OF COVERING THE WINTER STORM FERN, KIND OF BY THE NUMBERS. 
          I'LL, I'LL START OFF BY SAYING THAT I THINK ONE OF THE KEY THINGS THAT CONTINUOUSLY IMPROVES YEAR TO YEAR AND EVENT TO EVENT IS THE COLLABORATION AND THE PREPARATION AMONG ALL OF THE STATE AGENCIES, MARKET PARTICIPANTS, UM, AND ERCOT, UH, IN TERMS OF GETTING READY TO, TO RESPOND AND TO EXECUTE DURING THE STORM, BUT ALSO WITH THE COMMUNICATIONS. 
          AND I, I'VE HEARD FEEDBACK THAT THE COMMUNICATIONS HAVE CONTINUOUSLY KIND OF STEPPED FORWARD IN TERMS OF SETTING EXPECTATIONS, HELPING PEOPLE UNDERSTAND KIND OF WHAT TO, UH, WHAT THEIR, WHAT THEY NEED TO DO IF THEY'RE A MARKET PARTICIPANT OR IF THEY'RE A STATE AGENCY, BUT THEN ALSO WITH THE GENERAL CONSUMERS, HELPING THEM UNDERSTAND KIND OF WHAT WE EXPECT AS WE GO THROUGH A WINTER EVENT LIKE THIS. 
          AND I THINK THE PREPARATION AND THE WORK THAT WE DID IN ADVANCE OF WINTER STORM FERN ALSO, UM, WAS ABLE TO BE A, A, A CONTINUOUS IMPROVEMENT. 
          AND, UH, AND, AND ONE OF THE STRONGER ELEMENTS IN OUR PERFORMANCE DURING THAT STORM. 
          IT TURNED OUT, UH, TO BE A VERY, YOU KNOW, CONSTRUCTIVE EVENT IN THE SENSE THAT WE DID NOT HAVE ANY SIGNIFICANT, UH, GRID, UM, EVENTS, UH, THROUGHOUT THE, THE EXECUTION OF THE STORM, THE, THE GRID PERFORMED VERY WELL. 
          UM, ON THE WIND SIDE, WE HAD ABOUT 12 GIGAWATTS OF WIND THAT, UH, WAS IMPACTED BY ICING. 
          THE TRANSMISSION SYSTEM PERFORMED VERY WELL, VERY MINOR OUTAGES ACROSS THE TRANSMISSION SYSTEM THROUGHOUT. 
          UM, WE HAD IMPLEMENTED SEVERAL THINGS TO ENSURE THAT WE COULD ENSURE RELIABILITY THAT INCLUDED, UH, FIRM FUEL SUPPLY COMMITMENT. 
          SO WE LEANED ON THAT FIRM FUEL RESERVE SERVICE. 
          WE, UH, WORKED WITH THE TCQ TO GET ENFORCEMENT DISCRETION SO ALL OF THE POWER PLANTS IN THE STATE COULD OPERATE AT THEIR FULL CAPACITY WHEN WE NEEDED IT MOST. 
          WE HAD A 2 0 2 C ORDER FROM THE US DEPARTMENT OF ENERGY THAT AUTHORIZED ACCESS TO THE BACKUP GENERATION AT LARGE ELECTRONIC LOADS ACROSS THE STATE. 
          WE DID NOT ULTIMATELY NEED THAT, BUT IT WAS THE FIRST TIME THAT WE HAD THAT KIND OF A, A TOOL IN OUR TOOLBOX. 
          AND IT FITS REALLY WELL INTO THE DIRECTION WHERE WE'RE GOING WITH SENATE BILL SIX, WHERE WE ARE GOING TO BE WORKING ON A MORE CODIFIED AND, UH, AUTOMATED PROCESS WHERE WE WOULD WORK WITH LARGE LOADS IN THE EVENT OF AN EMERGENCY TO BE ABLE TO LEVERAGE THE DEMAND RESPONSE CAPABILITIES IN ORDER TO PREVENT, UH, GENERAL LOAD SHED. 
          UH, DURING AN EXTREME EVENT ON SATURDAY NIGHT, THERE WAS A, UH, UNIQUE EVENT WHERE, BECAUSE OF THE LOSS OF A LARGE UNIT IN CENTRAL TEXAS, WE HAD A BRIEF EXCEEDANCE ON THE SOUTH TEXAS EXPORT, UH, LIMIT, WHICH, UM, WHICH CAUSED THE, A SIGNIFICANT CONSTRAINT ON SOME OF THE TRANSMISSION LINES BETWEEN HOUSTON AND SAN ANTONIO. 
          SO BECAUSE OF THIS, WE ISSUED A LOCALIZED 
          [00:05:01]
TRANSMISSION EMERGENCY. 
          DURING THAT EVENT, UH, WE SAW SIGNIFICANT BENEFITS FROM THE REAL TIME CO-OP OPTIMIZATION, UM, THAT WE JUST WENT LIVE WITH BACK IN DECEMBER. 
          IT WAS ABLE TO HELP BALANCE WHERE WE WERE HOLDING RESERVES VERSUS WHERE WE WERE COMMITTING REAL-TIME ENERGY RESOURCES TO MINIMIZE THE IMPACT OF THAT CONSTRAINT. 
          IN ADDITION, THE REPAIRS THAT HAD BEEN MADE TO THE BRANICK UNIT THREE WERE COMPLETED PRIOR TO THE STORM, AND SO WE'RE ABLE TO HAVE THAT BRO UNIT THREE ACTIVE THROUGH MOST OF THAT WEEKEND. 
          AND THAT WAS ALSO HELPFUL WITH THAT SPECIFIC EVENT ON SATURDAY NIGHT, AS WERE THE LIFECYCLE UNITS THAT WE'VE BEEN TALKING ABOUT FOR THE BETTER PART OF A YEAR. 
          THOSE WERE THE UNITS FROM THE, UH, CENTER POINT HOUSTON AREA THAT MOVED INTO THE SAN ANTONIO AREA AS A, UH, PART OF THE, UM, KIND OF RMR RESPONSE TO THE CLOSURE OF, UH, BRO UNITS, UH, ONE AND TWO. 
          THOSE UNITS WERE LEVERAGED DURING THIS, UH, TRANSMISSION EMERGENCY AS WELL, PROVIDING ADDITIONAL CAPACITY TO HELP ALLEVIATE THE CONSTRAINTS ON THAT, UH, SOUTH TEXAS LINE. 
          THROUGHOUT THE STORM, WE SAW VERY STRONG DEMAND AND MARKET RESPONSE. 
          UH, THROUGHOUT THE WEEKEND, WE SAW REDUCED CONSUMPTION BY LARGE FLEXIBLE LOADS, CRYPTO MINING FACILITIES, AS WELL AS A SIGNIFICANT DROP IN INDUSTRIAL AND COMMERCIAL USAGE DURING THE COLDEST PERIODS. 
          AND THEN BECAUSE OF THE VERY SIGNIFICANT CLOSURES ACROSS THE STATE ON THAT MONDAY, WE SAW ADDITIONAL REDUCED DEMAND ON MONDAY MORNING, WHICH WAS FORECASTED TO BE THE, UH, THE TIGHTEST AND MOST, UH, EXTREME, UH, THE HIGHEST DEMAND PERIOD DURING THE EVENT. 
          SO SOME OF THE KEY TAKEAWAYS FROM THIS EXPERIENCE, I THINK IS, YOU KNOW, LEARNING HOW WE WOULD WORK WITH THIS 2 0 2 C ORDER THAT WE GOT FROM THE FEDERAL GOVERNMENT IF WE WERE TO BE IN ANOTHER SITUATION. 
          WE'VE GOT SOME LEARNING ON HOW WE SET THAT UP AND HOW WE COMMUNICATED WITH THE MARKET ON THAT. 
          IT WAS VERY LAST MINUTE. 
          WE RECEIVED THAT ORDER, UH, OVERNIGHT BETWEEN SATURDAY AND SUNDAY, AND HAD TO FIGURE OUT HOW TO LEVERAGE THAT ON SUNDAY IN CASE WE NEEDED IT ON MONDAY. 
          AND SO IT WAS A VERY QUICK RESPONSE, UH, ACROSS THE STAKEHOLDER COMMUNITY TO FIGURE THAT OUT. 
          AND SO I WANNA OFFER SIGNIFICANT THANKS TO ALL WHO, UH, HELPED TO GET THAT READY TO GO. 
          I HAD LIKE TO HIGHLIGHT THE CONTINUED STRONG PERFORMANCE OF THE WEATHERIZATION TEAM. 
          THIS IS A DIFFERENT VIEW THAN WE'VE LOOKED AT AS IT RELATES TO OUR WEATHERIZATION PROGRAM. 
          ON THE LEFT CHART, YOU WILL SEE WHAT IS CALLED A STORM SEVERITY FACTOR TO CAL OF THE INTENSITY OF A WINTERS EVENT. 
          AND IT'S CALCULATED BASED ON LOOKING AT EACH HOUR DURING THE PERIOD OF THE STORM, CALCULATING THE COLD PERIOD, THE, THE, THE TEMPERATURES DURING THAT PERIOD, AND FOR HOW LONG THE SYSTEM IS AT THOSE HOURS OF COLD PERIOD. 
          AND SO YOU CAN SEE YURI UP AT A NEAR 3000 LEVEL OF A STORM SEVERITY FACTOR. 
          FERN WAS THE THIRD HIGHEST, UH, SEVERITY FACTOR SINCE WINTER STORM, YURI AT 7 22. 
          AND WHAT YOU SEE ON THE RIGHT AS IT RELATES TO THE WEATHERIZATION PROGRAM IS THE DARK BLUE COLUMNS THAT GO ACROSS EACH STORM REPRESENT THAT STORM SEVERITY FACTOR. 
          SO THOSE MAP OVER TO THE NUMBERS ON THE RIGHT. 
          AND THEN THE BLUE LINE, THE LIGHT BLUE LINE, UH, IS MAPPING THE RATIO OF, UH, OUTAGES AT PEAK AS COMPARED TO THE AMOUNT OF THERMAL DISPATCHABLE RESOURCES WE HAVE AVAILABLE IN THE SYSTEM, THE CAPA THE, THAT WINTER CAPACITY THAT'S AVAILABLE AT THAT TIME. 
          SO YOU CAN SEE THIS TREND CONTINUING DOWN AND CONTINUING THROUGH FERN OF IMPROVEMENT IN THE OUTAGES IN THE THERMAL SYSTEM AS COMPARED TO WHAT IS AVAILABLE. 
          SO IT'S NOT A GROSS NUMBER VIEW, IT'S A, IT'S A RATIO OF THE, OF THE SYSTEM THAT'S AVAILABLE TO US. 
          AND SO I THINK THIS PROVIDES A GOOD PERSPECTIVE ON HOW WE CONTINUE TO SEE IMPROVEMENTS AS, EVEN AS THIS, UH, FLEET CONTINUES TO AGE, UH, WE SEE STRONG PERFORMANCE AS A RESULT OF THE OPERATORS AND THE WEATHERIZATION WORK THAT GOES ON. 
          AND THEN I THINK A VERY SIGNIFICANT AND IMPORTANT PART OF ANY ONE OF THESE EVENTS IS CONTINUING TO WORK ON IMPROVING OUR COMMUNICATIONS. 
          AND SO WE TRACK HOW WE, UM, THE KIND OF IMPACT WE HAVE IN TERMS OF WHO'S ACCESSING OUR SYSTEMS AND SIGNING UP FOR INFORMATION, UM, HAD QUITE A LOT OF, UH, INCREASES OVER THE COURSE OF THIS EVENT. 
          WE SAW A THOUSAND PERCENT SPIKE OF UTILIZATION OF THE ERCOT.COM WEBSITE ON JANUARY 24TH ALONE. 
          WE SAW A PRETTY SIGNIFICANT, UH, UPTICK IN TERMS OF ENGAGEMENT WITH, UH, NEW KNOW NEW SUBSCRIBERS TO THE TEXANS, THE ADVISORY NOTIFICATION SYSTEM. 
          WE HAD A SMALL UPTICK ON THE LISTSERV THAT, UH, FOR THE EMERGENCY ALERTS, BUT WE CONTINUE TO TRY TO PUSH OUT CONTENT THAT'S HELPFUL FOR PEOPLE TO UNDERSTAND WHAT'S HAPPENING ON THE ELECTRIC GRID, AND WE SEE THE, UH, THE UTILIZATION OF THAT PRETTY STRONG DURING AN EVENT LIKE THIS. 
          SO, SHIFTING GEARS, UM, I WANTED TO TALK A LITTLE BIT ABOUT OUR, YOU KNOW, PRELIMINARY BATCH STUDY PROCESS. 
          AND 
          [00:10:01]
LET ME SET THIS UP BY SAYING, YOU KNOW, THIS IS KIND OF THE, NOT CULMINATION, BUT THE STEP IN THE PROCESS FOLLOWING THE SIGNIFICANT LARGE LOAD FORECAST THAT WE HAVE BEEN TALKING ABOUT FOR A LITTLE OVER, FOR ABOUT A YEAR, YEAR AND A HALF NOW. 
          AND WHERE WHAT THIS IS CULMINATING IN IS ACTUALLY THE, THE PROJECTS THEMSELVES MOVING THROUGH THE PROCESS OF INTERCONNECTION STUDIES WITH THE TRANSMISSION PROVIDERS AND WITH ERCOT POSITIONING FOR READINESS TO DEVELOP ACTUAL ASSETS AND DATA CENTERS AND, AND OTHER LARGE ELECTRONIC LOADS ACROSS THE STATE. 
          AND WHAT WE FOUND IS THAT THE PROCESSES THAT WE HAD SET UP, WHICH WERE REALLY DESIGNED FOR A SYSTEM WHERE WE WERE SEEING, YOU KNOW, UH, IN INTERCONNECTIONS IN THE, YOU KNOW, EIGHT TO 15, UH, QUARTER TO SEEING, YOU KNOW, 80 TO A HUNDRED, YOU KNOW, IN THAT SAME TIME PERIOD. 
          AND IT, IT CLEARLY BROKE THE PROCESSES THAT WE HAD. 
          AND IT WAS LEADING TO A KIND OF A DO LOOP OF HAVING TO UDDY AND REEVALUATE THESE PROJECTS BASED ON THE QUICK ADDITIONS OF OTHER PROJECTS RIGHT NEXT TO ONES THAT WERE BEING STUDIED AND EVALUATED. 
          AND THE CONSTANT CHANGE AND INFLUX WAS, UH, CREATING A LOT OF UNCERTAINTY FOR THE DEVELOPERS, WAS CREATING COMPLEXITIES FOR THE TRANSMISSION OPERATORS, AND OVERALL, WASN'T SERVING THE ECONOMIC GROWTH NEEDS OF THE STATE. 
          AND SO AS WE STARTED TO SEE THAT REALIZATION HAPPENING THROUGHOUT THE BACK HALF OF 2025, WE QUICKLY CAME TO THE CONCLUSION WITH THE MARKET PARTICIPANTS THAT SOMETHING HAD TO CHANGE IN ORDER TO BE ABLE TO ACCOMMODATE THIS. 
          SO NOW WE'RE DEVELOPING A NEW PROCESS TO EVAL TO EVALUATE THESE LARGE LOAD REQUESTS USING THE CONCEPT OF A BATCH STUDY. 
          RATHER THAN CONDUCTING THESE INDIVIDUAL STUDIES BY EACH TRANSMISSION SERVICE PROVIDER, THE, THE CORE FOCUS OF WHAT WE'RE LOOKING TO GET OUT OF A BATCH STUDY IS THE AMOUNT OF LOAD THAT CAN RELIABLY BE SERVED OVER A SIX YEAR EVALUATION PERIOD FOR EACH LARGE LOAD INTERCONNECTION REQUEST. 
          SO TAKING A LOOK AND SEEING HOW EACH PROJECT OVER TIME WOULD ENERGIZE IN PARTS AND THEN GROW TO WHATEVER THEIR FULL EXPECTATION IS OVER A SIX YEAR PERIOD. 
          AND THEN THE SECOND KEY OUTPUT WOULD BE THE TRANSMISSION UPGRADES THAT ARE NEEDED IN ORDER TO SERVE THE FULL REQUESTED LOAD ACROSS THAT TIME PERIOD. 
          AND SO WITH THOSE TWO PIECES OF INFORMATION, A DEVELOPER WILL KNOW WHAT ARE THE INVESTMENTS IN INFRASTRUCTURE THAT ARE GONNA BE REQUIRED, AND WHAT COULD BE SOME OF THE FINANCIAL OBLIGATIONS AS A RESULT OF THAT, AS WELL AS WHAT IS THE PACE THAT THEY'RE GONNA BE ABLE TO INTERCONNECT INTO THE SYSTEM AT POINTS IN TIME, GIVEN THE UPGRADES THAT ARE GONNA BE REQUIRED. 
          IT THEN ALLOWS A DEVELOPER TO MAKE A CHOICE IF THEY AGREE WITH THAT PRO PROGRESSION TIMETABLE AND THE INVESTMENT REQUIRED TO SECURE THE RIGHT TO CONNECT, THEN THEY CAN MAKE THAT COMMITMENT. 
          AND THEN THE, THE WHEELS WILL GO INTO MOTION AND THE SYSTEM WILL START TO, THE TRANSMISSION PROVIDERS WILL BUILD AND, AND MAKE THE SYSTEM UPGRADES THAT ARE NECESSARY. 
          AND THE DEVELOPERS CAN START TO DEVELOP THEIR ASSETS AND PLAN FOR THE INTERCONNECTIONS AT THOSE POINTS IN TIME. 
          IT DOES REQUIRE FINANCIAL COMMITMENTS ON THE PART OF DEVELOPERS TO BE ABLE TO SECURE THAT RIGHT, TO CONNECT AT THAT POINT IN TIME. 
          AND IT ALSO FUNDAMENTALLY CHANGES A, A PART OF OUR SYSTEM PROCESS THAT IS VERY DIFFERENT THAN WHAT WE'VE HAD BEFORE. 
          IT, IT ACTUALLY RESERVES CAPACITY ON THE TRANSMISSION SYSTEM FOR THOSE PROJECTS IN THE FUTURE. 
          TODAY THAT IS NOT THE WAY IT WORKS. 
          IT DOESN'T WORK HERE, AND IT DOESN'T WORK THAT WAY ANYWHERE, UH, IN ANY GRID IN THE US. 
          AND SO THIS IS A UNIQUE PROCESS AND A UNIQUE CHANGE THAT IS FAIRLY SIGNIFICANT TO WHAT WE'VE BEEN DOING FOR THE LAST 20 PLUS YEARS. 
          AND I THINK WE'LL PROVIDE MUCH NEEDED CLARITY TO ALL OF THE STAKEHOLDERS, UM, IN THIS PROCESS. 
          AS WE DEVELOP THIS LONG-TERM PROCESS, WE HAVE ENVISIONED THE NEED FOR AN INITIAL BATCH ZERO STUDY THAT WILL TRANSITION AWAY FROM OUR CURRENT SET OF RULES, WHICH ARE REALLY DRIVEN UNDER THE BIGGER ONE 15 PROTOCOLS TO OUR LONGER TERM STEADY STATE PROCESS. 
          WE RECENTLY HAD A PRETTY SIGNIFICANT WORKSHOP RELATED TO THIS ON, UH, FEBRUARY 3RD. 
          WE HAD ABOUT 900 PEOPLE ATTENDING BETWEEN ONLINE AND IN PERSON. 
          SO THERE'S A LOT OF INTEREST IN THIS. 
          I'D SAY KEY TAKEAWAYS FROM ALL OF THE ENGAGEMENT THAT WE'VE HAD SO FAR IS THAT, ONE, THERE'S BROAD AGREEMENT THAT HAVING SOME KIND OF A BATCH PROCESS THAT PROVIDES CERTAINTY IS GONNA BE NEEDED. 
          WE NEED TO, UM, CONSIDER, UH, THE LARGE LOAD INTERCONNECTIONS THAT ARE EXISTING AND ARE FAR ADVANCED, UH, IN TERMS OF OUR ABILITY TO SERVE THEM AND ALLOW THEM TO MAKE THEIR MEET THEIR DEVELOPMENT NEEDS. 
          UH, TRANSPARENCY IS GONNA BE A CRITICAL PART OF THE, OF THE END PROCESS, AS WELL AS ALIGNMENT WITH THE TRANSMISSION PLANNING PROCESS SO THAT THERE'S REALLY, UH, INTEGRATED FROM BATCH STUDY THROUGH TRANSMISSION UPGRADE REQUIREMENTS TO TRANSMISSION PLANNING APPROVAL PROCESSES THAT WORK SEAMLESSLY TOGETHER TO DELIVER ON THIS OVERALL OUTCOME. 
          AS IT WAS DISCUSSED IN LAST WEEK'S PUCT OPEN MEETING, WE'RE GONNA BE SETTING UP THIS PROCESS FOR A BATCH ZERO VIA REVISION REQUESTS THAT ARE GONNA GO THROUGH THE FULL STAKEHOLDER PROCESS. 
          [00:15:01]
WE'RE TARGETING TO BRING THESE REVISION REQUESTS TO THE JUNE BOARD MEETING TO ALLOW THE FIRST BATCH STUDY TO BEGIN BY LATE SUMMER. 
          WE'RE GONNA CONTINUE TO SEEK STAKEHOLDER INPUT THROUGH THE LARGE LOAD WORKING GROUP THROUGH STAKEHOLDER WORKSHOPS TECHNICAL ADVISORY COMMITTEE. 
          WE'RE GONNA BE PROVIDING REGULAR UPDATES TO THE PUCT AS WELL AS TO THE ERCOT BOARD OF DIRECTORS. 
          AND, AND WE HEARD THE MESSAGE LOUD AND CLEAR, WE NEED TO KEEP THE PACE GOING ON THIS WORK. 
          URGENCY CONTINUES TO BE AN IMPORTANT PART OF SUPPORTING THE ECONOMIC GROWTH THAT'S COMING. 
          WE NEED TO ENSURE THAT WE HAVE A MORE ROBUST AND A VERY SCRUTABLE PROCESS THAT'S GONNA BENEFIT ALL STAKEHOLDERS, BUT WE CAN'T DO THAT AT THE EXPENSE OF EXPEDIENCY. 
          SO THIS WILL BE A CRITICAL, A CRITICAL FOCUS AREA FOR US IN THE FIRST HALF OF THIS YEAR. 
          I WANTED TO EMPHASIZE, UH, SOMETHING THAT CHRISTIE TALKED A LITTLE BIT ABOUT, UH, YESTERDAY IN HER PRESENTATION. 
          AND AS WE KNOW, THAT'S, YOU KNOW, ALL WHAT WE'RE TALKING ABOUT IS, YOU KNOW, THE NEED TO SUPPORT GROWTH IN A RELIABLE AND IN A COST EFFECTIVE WAY. 
          AND THERE'S A SIGNIFICANT INVESTMENT IN TRANSMISSION AND GENERATION SUPPLY INFRASTRUCTURE IN ORDER TO MEET THIS GROWTH. 
          WE'VE SEEN A VERY GOOD START ON THIS TRANSMISSION DEVELOPMENT. 
          THE PUCT HAS APPROVED THE PERMIAN TRANSMISSION PLAN FOR THOSE IMPORT PATHS. 
          THE TRANSMISSION SERVICE PROVIDERS ARE WORKING ON THE FOLLOW UP TO THE BOARD'S RECENT APPROVAL TO THE BALANCE OF THE STRATEGIC TRANSMISSION EXPANSION PLAN THAT WAS, UH, APPROVED BACK IN DECEMBER. 
          AND I WAS READING A RECENT PUBLICATION FROM THE INTERNATIONAL ENERGY AGENCY. 
          THEY JUST PUBLISHED LAST WEEK, THEIR RECENT 2026 ELECTRICITY REPORT. 
          AND MANY OF THE COMMON THEMES THAT WE TALK ABOUT HERE IN ERCOT, I REPRESENTED IN THIS GLOBALLY FOCUSED REPORT. 
          ONE OF THE MOST PROMINENT IS THE SIGNIFICANT GROWTH THAT IS TAKING PLACE ACROSS THE WORLD. 
          AND THEY IDENTIFY TRANSMISSION BOTTLENECKS AS ONE OF THE HIGHEST RISKS GLOBALLY TO ENABLING A RELIABLE AND ECONOMIC GROWTH SCENARIO. 
          WE BENEFIT HERE IN ERCOT FROM A VERY SUPPORTIVE REGULATORY CONSTRUCT IN TERMS OF DEVELOPING TRANSMISSION. 
          AND YOU CAN SEE ON THE CHART ON THE LEFT, THE TRANSMISSION COST OF SERVICE, WHICH IS DRIVEN BY INVESTMENT IN NEW TRANSMISSION INFRASTRUCTURE AND INS SYSTEM UPGRADES STEADILY RISING FROM A RATE OF ABOUT $3 BILLION ANNUALLY 10 YEARS AGO, UP TO ABOUT $5 BILLION IN 2024. 
          SO INVESTMENT IS CRITICAL TO BEING ABLE TO MEET THE RELIABILITY AND THE ECONOMIC GROWTH FOR THE STATE OF TEXAS. 
          BUT AFFORDABILITY HAS TO ALWAYS BE FRONT AND CENTER WHEN WE TALK ABOUT INVESTING IN INFRASTRUCTURE. 
          AND SO, DESPITE THE INCREASES IN THIS ANNUAL INVESTMENT AND TRANSMISSION OVER THE LAST 10 YEARS, THE SYSTEMS AVERAGE COST PER MEGAWATT HOUR WHEN YOU ADJUSTED FOR INFLATION, HAS TRENDED FLAT TO SLIGHTLY DECLINING. 
          AND THIS IS BECAUSE THE DENOMINATOR AND THAT COST CALCULATION, WHICH IS THE AMOUNT OF ENERGY BEING USED IN THE STATE, HAS BEEN INCREASING AS POPULATION INDUSTRY MANUFACTURING AND THE ECONOMY OVERALL IS GROWING. 
          AND I THINK YOU WOULD, THIS IS A GOOD WAY TO CHARACTERIZE COST EFFECTIVE GROWTH. 
          NOW, TO BE CLEAR, THIS DOES NOT NECESSARILY TRANSLATE DIRECTLY INTO HOW RATES ARE TRANSLATED INTO TARIFFS AND RATES THAT INDIVIDUAL CUSTOMER CLASSES PAY. 
          SO HOW RESIDENTIALS RATES ARE SET AND HOW AN INDUSTRIALS OR COMMERCIALS ARE SET. 
          THERE ARE UNIQUE ELEMENTS TO HOW THOSE COSTS ARE TRANSLATED INTO SPECIFIC TARIFFS PER CUSTOMER CLASS. 
          THIS IS A GENERAL SYSTEM WIDE VIEW THAT JUST GIVES A PERSPECTIVE THAT WHILE WE ARE INCREASING OUR INVESTMENT, WE'RE SEEING LOAD GROWTH INCREASE SIGNIFICANTLY AS WELL. 
          AND THAT IS WHAT IS DRIVING THE INFRASTRUCTURE INVESTMENT AS WE LOOK OVER THE NEXT 10 YEARS. 
          IT'S REALLY AROUND THE LOAD GROWTH THAT'S COMING TO THE STATE, WHETHER IT BE LARGE ELECTRONIC LOADS OR OUR TRADITIONAL LARGE GROWTH THAT WE SEE IN INDUSTRIAL POPULATION AND OTHER PARTS OF THE ECONOMY. 
          I, SO I'D LIKE TO SHIFT GEARS HERE FOR A MOMENT AND, AND, UH, RECOGNIZE SOMETHING REALLY I THINK VERY UNIQUE AND EXCITING FOR THE ERCOT TEAM. 
          UM, AS WE'VE DEVELOPED TALKED ABOUT PREVIOUSLY, YOU KNOW, ONE OF THE KEY FOCUS AREAS IN OUR ERCOT 4.0 ENVIRONMENT IS INCLUDES A FOCUS ON INNOVATION, ON EMPLOYEE DEVELOPMENT, AND VERY IMPORTANTLY, OPERATIONAL EXCELLENCE. 
          AND OPERATIONAL EXCELLENCE INCLUDES BUILDING QUALITY MANAGEMENT INTO OUR TECHNOLOGIES AND OUR PROCESSES FROM THE OUTSET, AND DEVELOPING A CULTURE OF CONTINUOUS IMPROVEMENT WITHIN THE COMPANY. 
          WE ARE VERY EARLY IN THAT JOURNEY, HOWEVER, WE'VE BEEN MAKING A LOT OF PROGRESS OVER THE LAST 18 MONTHS, AND BECAUSE OF THAT, WE SUBMITTED AN APPLICATION ON THAT PROGRESS WITH THE BUSINESS TRANSFORMATION WORLD SUMMIT. 
          AND JUST LAST MONTH WE WERE NAMED RUNNER UP IN THE BEST ACHIEVEMENT IN DRIVING CHANGE AND TRANSFORMING ORGANIZATIONAL CULTURE CATEGORY THAT AT THE, UH, WORLD SUMMIT, UH, THAT WAS HELD EARLIER THIS YEAR, THIS SUMMIT ITSELF BROUGHT TOGETHER 650 TRANSFORMATION AND OPERATIONAL EXCELLENCE LEADERS FROM AROUND THE WORLD FOCUSED ON OPERATIONAL EXCELLENCE ACROSS A WIDE VARIETY OF INDUSTRIES. 
          THE APPLICANTS WERE ASSESSED ON THE ORIGINALITY OF THEIR APPROACH, THE EVIDENCE OF EMPLOYEE ENGAGEMENT AND ACHIEVEMENT OF CULTURAL CHANGE OVER TIME, AS WELL AS A DEMONSTRATION OF A CLEAR VISION FOR WHAT 
          [00:20:01]
THIS CULTURE CHANGE IS INTENDING TO ACHIEVE AS A FUNDAMENTAL PART OF ERCOT 4.0. 
          OUR WORK ON OPERATIONAL EXCELLENCE IS AN EXAMPLE OF OUR CORE VALUE TO INNOVATE WITH PURPOSE, AND I THINK THIS AWARD ALSO HELPS DEMONSTRATE OUR CORE VALUE OF CELEBRATING THE WIN. 
          SO I WANNA CONGRATULATE THE TEAM FOR THEIR HARD WORK TO GET THIS EARLY RECOGNITION ON THIS JOURNEY AND LOOK FORWARD TO CONTINUING TO SUPPORT AND STEWARD THIS WORK IN THE COMING YEARS. 
          AND THEN, LIKE I LIKE TO DO, UH, WHEN I CLOSE, ALL OF MY REMARKS IS, UH, SPECIFIC RECOGNITIONS FOR EMPLOYEES IN THE COMPANY. 
          AND THE FIRST GROUP I'D LIKE TO RECOGNIZE ARE THE ERCOT CONTROL ROOM AND SHIFT ENGINEERS THAT WORKED DURING THE WINTER STORM FERN. 
          AND THIS ALSO INCLUDES STAFFING FOR THE, THE STATE OPERATIONS COMMAND CENTER THAT WEEKEND. 
          THERE ARE A FEW NAMES HERE THAT ARE HIGHLIGHTED IN TEAL. 
          THOSE PEOPLE PROVIDED 24 HOUR COVERAGE ACROSS MULTIPLE DAYS DURING THIS EVENT. 
          SO, UH, COTS IN THE BUILDING AND, UH, UH, LIVING, SLEEPING, AND EATING DAY AFTER DAY, MAKING SURE THAT EVERYBODY HAD WHAT THEY NEEDED IN ORDER TO BE SUCCESSFUL DURING THE EXECUTION OF THIS, UH, WINTER STORM EVENT. 
          I ALSO WANT TO TAKE THE OPPORTUNITY TO RECOGNIZE THE WEATHERIZATION AND THE INSPECTION TEAM. 
          THE WORK THAT THEY'RE DOING IS DIRECTLY CONTRIBUTING TO REBUILDING THE TRUST AND THE CONFIDENCE IN THE ERCOT SYSTEM. 
          AS WE CONTINUE TO SEE IMPROVEMENTS IN THE PERFORMANCE OF OUR THERMAL FLEET DURING COLD WEATHER EVENTS, WE GET THE CHANCE TO SHARE LEARNINGS AND WE CONTINUE TO STRIVE TO MAXIMIZE THE CAPABILITIES OF THE SYSTEM WHEN IT'S NEEDED THE MOST. 
          AND THEN, AS I SAID BEFORE, WE'RE A TECHNOLOGY COMPANY WHOSE CORE PRODUCT IS DATA, AND THIS IS DATA THAT IS USED IN REAL TIME THAT CAN BE MEASURED IN LITERALLY MICROSECONDS AND DATA THAT IS USED FOR LONG-TERM PLANNING. 
          THAT IS MEASURED IN YEARS. 
          AND OUR PLANNING REPORTS TEAM ARE WORKING ON THE LATTER, WORKING ON THAT LONGER TERM SET OF DATA. 
          AND WE PUBLISHED IN DECEMBER A SERIES OF REPORTS, THE REGIONAL TRANSMISSION PLAN AND WHAT WE CALL THE NEEDS AND CONSTRAINTS REPORT, WHICH INCIDENTALLY, THAT LATTER REPORT IS WHERE THE COST OF THAT TRANSMISSION COST OF SERVICE CHART, AS WELL AS THE, UH, AVERAGE COST PER MEGAWATT HOUR CAME FROM THAT REPORT AS WELL. 
          I WANNA THANK ALL THESE EMPLOYEES FOR THEIR SIGNIFICANT CONTRIBUTIONS TO THE QUALITY OF THE OPERATIONS AND PLANNING THAT WE SEEK TO EXCEL IN EVERY DAY. 
          AND THESE REPORTS ARE A REALLY IMPORTANT PART OF THE PRODUCT THAT WE PRODUCE HERE AT ERCOT. 
          SO WITH THAT, THAT CONCLUDES MY REMARKS, MR. CHAIRMAN AND I WELCOME ANY QUESTIONS OR ANY FEEDBACK. 
          THANK YOU, PABLO. 
          ANY QUESTIONS FOR PABLO LAW? I WANT TO, UH, ON BEHALF OF THE BOARD, I WANT TO ECHO YOUR COMMENTS REGARDING THE, UH, KUDOS FOR THE TEAM. 
          THEY DID A GREAT JOB THROUGH WINTER STORM URI AND, UH, OPERATIONAL EXCELLENCE, VIRGINIA  FERN, EXCUSE ME, SORRY TO DO THAT, UH, FOR FERN AND, UH, FOR ALL THE GREAT WORK THAT, UH, THEY DID IN 2025. 
          SO THANK YOU, MR. CHAIRMAN. 
          IF I COULD JUST REAL QUICK, UM, PABLO ON SLIDE FOUR, YOU TALKED ABOUT COMMUNICATION. 
          UM, I WANNA LET THE BOARD KNOW SOMETHING I LET YOU KNOW PRIVATELY. 
          I THINK IT'S IMPORTANT FOR THEM TO BE AWARE OF, YOU KNOW, AS WE APPROACH THE FIVE YEAR ANNIVERSARY OF URI, LEGISLATIVE COMMUNICATION WAS ANOTHER AREA THAT WE NEEDED TO DO A LOT OF IMPROVEMENT ON. 
          UM, EVERY CONVERSATION I HAD WITH LEGIS WITH LEGISLATIVE LEADERSHIP, THE REVIEWS I GOT WERE THE ERCOT COMMUNICATION BY GILBERT'S TEAM, SPECIFICALLY BY OS OSCAR GARZA WAS PHENOMENAL. 
          AND SO WE'VE MADE GREAT STRIDES IN THAT AREA OF COMMUNICATION AS WELL. 
          AND I THINK THAT'S IMPORTANT FOR YOU ALL TO KNOW. 
          I APPRECIATE THAT, UH, CHAIRMAN GLEASON AND, AND OUR TEAMS WORK REALLY CLOSELY TOGETHER IN ENSURING THAT THOSE COMMUNICATIONS GET TO THE RIGHT AUDIENCES AT THE RIGHT TIME. 
          AND SO IT, IT'S REALLY, UH, IT'S A JOINT TEAM EFFORT THAT ENABLES THAT TO HAPPEN. 
          SO THANK YOU. 
          I GUESS THAT'S THE REASON I SAID YURI BECAUSE OF FIVE YEAR ANNIVERSARY COMING UP ON THE 15TH. 
          YES, IT'S ANYTHING ELSE, PABLO? THAT'S IT. 
          OKAY. 
          THANK YOU. 
          UH, I DON'T HEAR ANY, UH, COMMENTS OR QUESTIONS, SO WE WILL MOVE ON TO AGENDA ITEM 
          [12. Large Load Interconnection Process  Update ]
12, THE LARGE LOAD INTERCONNECTION PROCESS, UH, PRESENTED BY JEFF BELLO. 
          AND JEFF WILL, UH, EXPAND ON WHAT, UH, THE CONCEPT THAT PABLO INTRODUCED REGARDING THE BADGES. 
          GOOD MORNING. 
          SO, UH, THERE ARE THOSE WHO, UH, WATCHED THE SUPER BOWL FOR THE GAME. 
          UH, THOSE WHO WATCH FOR THE COMMERCIALS AND THOSE WHO WATCH FOR THE HALFTIME SHOW. 
          UH, I'M, I'M NOT MUCH OF A HALFTIME SHOW KIND OF A GUY, BUT I I DO LIKE BOTH THE GAME AND THE COMMERCIALS. 
          UH, SO SOMETHING I NOTICED, UH, THIS YEAR, AND I, I DIDN'T PULL, UH, STATISTICS ON THIS. 
          I DIDN'T LOOK THIS UP. 
          THIS IS JUST, UH, WHAT WHAT I OBSERVED WAS, UH, I, I ONLY REMEMBER SEEING ONE COMMERCIAL FOR CARS FOR AUTOMOBILES. 
          UH, BUT I SAW, I, I LOST COUNT OF HOW MANY AI COMMERCIALS, UH, I SAW, YOU KNOW, THERE, THERE WERE, UH, COMMERCIALS THAT, UH, WERE ADVERTISING HOW I CAN TAKE THE REST OF THE DAY OFF. 
          UH, I THINK, UH, UH, UH, AI, UH, CAN CREATE 
          [00:25:01]
A WEBSITE FOR ME, UH, AND AI CAN EVEN HELP ME FIND MY LOST DOG. 
          UH, AND, AND SO, YOU KNOW, ALL, ALL THESE AI COMMERCIALS AND, AND SO, UH, YOU KNOW, THAT, THAT GOT ME THINKING, YOU KNOW, ALL, ALL THAT AI MAGIC HAPPENS AT, UH, DATA CENTER, UH, IS, YOU KNOW, THERE'S SOME DATA CENTER SOMEWHERE THAT IS DOING THAT, THAT MAGIC AND A, A LOT OF THOSE DATA CENTERS AS, AS, UH, MOST OF YOU'RE AWARE ARE BEING BUILT IN TEXAS. 
          UH, AND, AND IT'S NOT JUST THE AI DATA CENTERS, IT'S, YOU KNOW, OTHER TYPES OF DATA CENTERS, OTHER TYPES OF LOADS. 
          UH, BUT WHAT WHAT THAT MEANS IS THERE ARE A LOT OF COMPANIES THAT ARE INTERESTED IN DOING BUSINESS IN TEXAS, UH, WHICH, WHICH MEANS THERE ARE A LOT OF PEOPLE WHOSE LIVELIHOODS ARE, ARE IMPACTED BY THE WORK THAT WE DO HERE TO INTEGRATE THOSE LARGE LOADS. 
          UH, AND, UH, PABLO MENTIONED THIS, UH, BUT JUST TO REEMPHASIZE, WE, WE HAD A WORKSHOP LAST WEEK. 
          I'LL, I'LL TALK ABOUT THAT A LITTLE BIT MORE IN A COUPLE OF SLIDES. 
          UH, BUT THAT IN THAT WORKSHOP, THIS ROOM HOLDS 192, UH, PEOPLE IF WE, YOU KNOW, HAVE ALL THE CHAIRS SET UP, UH, WE HAD 174 PEOPLE IN, IN THIS ROOM FOR THAT WORKSHOP AND, AND ANOTHER 600 PLUS, UH, ALMOST 700 ON THE, UH, THE WEBEX. 
          UH, AND SO A AGAIN, I I SAY THAT JUST TO EMPHASIZE THAT, UH, FOR ERCOT, WE UNDERSTAND THE IMPORTANCE OF GETTING THIS LARGE LOAD INTERCONNECTION PROCESS RIGHT, UH, THE, THE IMPORTANCE THAT HAS, UH, YOU KNOW, NOT ONLY FOR ERCOT AND THE RELIABILITY OF THE SYSTEM, BUT FOR THE STATE AND EVEN FOR THE, THE COUNTRY. 
          UH, SO WITH, WITH THAT, I WANT TO TALK ABOUT THE, UH, THE CHANGES THAT WE ARE PROPOSING TO OUR, OUR LARGE LOAD INTERCONNECTION PROCESS. 
          UM, AND, AND, UH, I WANT TO START WITH KIND OF DESCRIBING WHAT, WHAT WE'RE DOING TODAY AND WHY WE NEED TO CHANGE THAT AND, AND, AND THEN, UM, YOU KNOW, TALK ABOUT WHAT WE'RE, WHAT WE ARE PROPOSING TO CHANGE. 
          UH, SO, SO WHEN WE THINK ABOUT INTEGRATING A NEW LARGE LOAD ON THE SYSTEM, WE'RE TALKING ABOUT INFRASTRUCTURE. 
          WHAT, WHAT, WHAT DOES IT MEAN TO RELIABLY CONNECT THAT NEW LARGE LOAD CUSTOMER? UH, AND THERE, THERE ARE DIFFERENT ASPECTS OF THAT. 
          SO ONE ASPECT IS DO WE HAVE THE GENERATION TO SERVE THAT LOAD? UH, THAT THAT IS NOT REALLY PART OF THE LARGE LINEAR CONNECTION PROCESS, THAT THAT IS MORE ABOUT MARKET DESIGN. 
          UH, AND, AND WE HAVE PROCESSES THAT TO, UH, TO ANALYZE THE MARKET DESIGN, UH, PART OF THAT AND, AND MAKING SURE THAT WE HAVE RESOURCE ADEQUACY. 
          UH, THE LARGE LOAD INTERCONNECTION PROCESS THOUGH IS, IS MORE ABOUT THE WIRES. 
          SO HOW DO WE MOVE THAT, THAT POWER FROM THE GENERATION TO THOSE LARGE LOAD CUSTOMERS? UH, SO IT'S, IT'S MORE ABOUT HOW CAN WE, UH, MAKE SURE THAT WE ARE RELIABLY FROM A WIRE'S PERSPECTIVE, RELIABLY INTEGRATING THESE LARGE LOADS INTO THE SYSTEM. 
          UH, AND, AND SO IS, AGAIN, AS PABLO NOTED, WE, UH, HAD HAVE A PROCESS TODAY THAT WAS, UH, DESIGNED UNDER A DIFFERENT, UH, PARADIGM AS IN TERMS OF NUMBER OF LOADS AND MEGAWATTS, GIGAWATTS THAT ARE EXPECTING TO CONNECT TO THE SYSTEM. 
          AND SO THE WAY THAT WORKS TODAY IS WE HAVE A DEVELOPER, THEY, THEY COME TO THEIR TSP AND THEY SAY, YEAH, I WANT TO CONNECT THIS NEW LARGE LOAD IN, INTO THE SYSTEM. 
          UM, AND THAT WE HAVE A PROCESS HERE AT ERCOT WHERE WE COORDINATE THOSE STUDIES AND, AND THEY WILL GO, THE TSP WILL STUDY THAT LOAD, UH, BUT THEN MAYBE A, A DAY LATER, MAYBE YOU HAVE ANOTHER LARGE LOAD IN THAT SAME AREA THAT COMES TO THE TSP AND THEY SAY, HEY, YEAH, I WANT TO CONNECT MY LOAD INTO THE SYSTEM. 
          UH, AND SO TSP WILL STUDY THAT, UH, THAT, THAT LARGE LOAD. 
          UM, BUT WHAT CAN HAPPEN AND WHAT WE SEE HAPPENING, UH, PRETTY FREQUENTLY NOW IS, IS THAT MAYBE THAT SECOND DEVELOPER, UH, THEY, THEY GO THROUGH THAT STUDY PROCESS AND THEY, UH, UH, UH, YOU KNOW, GET THEIR APPROVAL FOR ALL OF THEIR STUDIES, AND THEN MAYBE THEY GET THEIR FINANCING A LITTLE BIT FASTER THAN THAT FIRST DEVELOPER DID. 
          AND SO THEY, UH, UH, YOU KNOW, ARE, ARE THEN, UH, KIND OF CONSIDERED WHAT WE'D CALL FIRM. 
          SO, SO THEY'VE MET ALL OF THEIR FINANCIAL SECURITY OBLIGATIONS. 
          UM, AND THEN WHAT HAPPENS THEN IS THAT THAT FIRST LOAD, THE STUDY THAT WE PERFORM TO, TO SEE HOW CAN WE RELIABLY INTEGRATE THIS LOAD, THAT STUDY IS NO LONGER VALID BECAUSE IT DID NOT TAKE INTO ACCOUNT WE HAD THIS OTHER LOAD THAT WAS COMING ON IN, ON THE SYSTEM IN THE NEARBY AREA. 
          UH, AND, AND SO WE HAVE TO THEN TELL THAT DEVELOPER, EVEN THOUGH THAT THEY'VE ALREADY GONE THROUGH THE STUDY PROCESS, WE HAVE TO TELL THAT DEVELOPER, WE, WE DON'T KNOW IF WE CAN RELIABLY INTEGRATE YOUR LOAD BECAUSE IT DIDN'T CONSIDER THIS OTHER LOAD THAT WAS IN THE NEIGHBORHOOD. 
          AND SO THEN THEY HAVE TO GO BACK AND PERFORM A STUDY. 
          UH, AND, AND, YOU KNOW, IF WE JUST HAD A HANDFUL OF LOADS, MAYBE THAT'S NOT SUCH A, A BIG PROBLEM, BUT WE HAVE HUNDREDS OF LOADS THAT ARE LOOKING TO INTERCONNECT ON THE SYSTEM. 
          NOW, NOW WE HAVE CREATED THIS, THIS STUDY, UH, DOOM LOOP AS, AS SOME PEOPLE HAVE CALLED IT, WHERE, WHERE WE ARE CONTINUING HAVING TO RESTUDY THOSE LARGE LOADS TO MAKE SURE THAT WE CAN RELIABLY INTEGRATE THEM ON THE SYSTEM. 
          UH, AND SO WE, WE ARE PROPOSING TO MOVE OUT OF THAT FRAMEWORK AND MOVE TO, WE'RE CALLING A, A BATCH 
          [00:30:01]
STUDY FRAMEWORK. 
          UH, AND THAT WOULD BE, WE WOULD ALL, ALL OF THE LOADS THAT COME IN, IN A CERTAIN PERIOD OF TIME, ALL THESE DEVELOPERS THAT COME IN AND SAY, YOU KNOW, HERE, HERE'S MY LOAD THAT I WANT TO CONNECT ON THE SYSTEM. 
          WE WOULD STUDY ALL OF THOSE TOGETHER IN A SINGLE BATCH. 
          AND, UH, AT THE END OF THAT BATCH, THEN THEY WOULD HAVE AN OPPORTUNITY TO DECIDE IF THEY WANT TO COMMIT TO, UH, BUILDING THAT, THAT, UH, UH, THAT, UH, THAT LOAD, UH, BASED ON THE RESULTS OF, YOU KNOW, HERE, HERE'S THE MEGAWATTS WE THINK WE CAN RELIABLY INTEGRATE IN SUCH AND SUCH TIME PERIOD HERE, HERE ARE THE TRANSMISSION PROJECTS THAT, THAT NEED TO, UH, BE CONSTRUCTED FOR THAT. 
          UH, AND SO THEY WOULD, THEY WOULD BE ABLE TO MAKE THAT DECISION. 
          AND SO ALL, ALL THAT WOULD HAPPEN, WE WOULD BE RUNNING THESE, THESE, UH, YOU KNOW, BIT BATCHES PERIOD PERIODICALLY TO DO THAT ANALYSIS. 
          SO, UM, SO RIGHT NOW WE'VE GOT, UH, UH, YOU KNOW, THAT, THAT SOUNDS GREAT. 
          WE, WE WILL EVENTUALLY GET TO THERE, BUT WE NOW, WE'VE GOT A, A LOT OF LOADS THAT, UH, TWO, 230 SOMETHING GIGAWATTS OF LOADS THAT ARE SOMEWHERE IN THE EXISTING PROCESS. 
          UH, AND SO WE NEED TO TRANSITION ALL, ALL OF THOSE LOADS THAT ARE IN THAT EXISTING PROCESS. 
          WE, WE NEED TO TRANSITION THEM, UH, IN, INTO THIS BATCH STUDY PROCESS, UH, SO THAT THEY ARE NOT STUCK DOING THIS CONTINUAL RE STUDIES, UH, BE BECAUSE, YOU KNOW, SOME ASSUMPTION HAS CHANGED IN THEIR STUDIES AND THEIR STUDIES ARE NO LONGER VALID. 
          UH, AND SO THE WAY THAT WE ARE PROPOSING TO DO THAT IS WHAT WE CALL BATCH ZERO, WHICH AGAIN, IS THIS TRANSITIONAL BATCH STUDY, WHICH WOULD BE FOR, UH, I THINK SOME OF THOSE LOADS. 
          IT'S NOT ALL THE 200 SOMETHING GIGAWATTS THAT'S IN THE STUDY PROCESS, BUT IT'S THOSE THAT, THAT HAVE PROGRESSED TO A CERTAIN POINT. 
          UH, THROUGH THAT PROCESS, WE WOULD, UH, TRY TO GET ALL OF THOSE KIND OF ONE FINAL STUDY, UH, THAT, THAT WOULD LET THEM KNOW WHERE, WHERE THEY ARE AT IN THE PROCESS. 
          UH, SO, SO THAT, THAT, THAT'S OUR, UH, PROPOSAL IN A NUTSHELL. 
          WE HAD A WORKSHOP AS MENTIONED LAST WEEK, UH, AND, UM, UH, WE, UH, ALONG WITH OUR CONSULTANT, MCKINSEY PULLED SOME ANALYTICS ON WHAT W WHAT WAS THE FEEDBACK THAT WE HEARD FROM STAKEHOLDERS DURING THAT WORKSHOP? HAD A LOT, A LOT OF QUESTIONS, A LOT, A LOT OF FEEDBACK. 
          AND IT AT A HIGH LEVEL, WE GROUPED THOSE, UH, THAT FEEDBACK INTO THREE CATEGORIES. 
          UH, BY FAR THE, UH, THE TOPIC MOST DISCUSSED WAS THAT BATCH ZERO, THAT TRANSITIONAL BATCH PROCESS. 
          AND THAT, AND THAT MAKES A LOT OF SENSE BECAUSE YOU HAVE A LOT OF DEVELOPERS THAT HAVE GONE PARTIAL PARTIALLY THROUGH THIS PROCESS, AND THEY WANT TO MAKE SURE THAT THEIR LOAD IS, UH, NOT GOING TO BE, THAT THEIR PROJECT'S NOT GOING TO BE SLOWED DOWN BY TRANSITIONING TO THIS NEW BATCH VALUE PROCESS. 
          SO THEY, THEY FEEL LIKE THEY, THEY'VE MADE SOME PROGRESS IN THE CURRENT PROCESS, AND THEY WANNA MAKE SURE THAT, THAT THEIR LOAD IS NOT GOING TO BE NEGATIVELY IMPACTED. 
          UH, AND SO THAT'S WHERE WE GOT THE, THE MOST FEEDBACK. 
          UH, AL ALSO HAD, UH, QUITE A FEW, UH, QUESTIONS AND COMMENTS REGARDING THE PROCESS, UH, AND IN PARTICULAR THE, UH, THE LINK BETWEEN THIS, UH, STUDY AND THE TRANSMISSION PLANNING PROCESSES. 
          SO WE HAVE TO MAKE SURE THAT WE, UM, UH, DON'T HAVE, HAVE A, A RECOMMENDATION THAT COMES OUT OF THIS BATCH STUDY, AND THEN THAT RECOMMENDATION, IT DOESN'T WORK WITH, UH, FOR, FOR TRANSMISSION PROJECT. 
          THAT RECOMMENDATION FOR THAT TRANSMISSION PROJECT DOESN'T WORK WITH OUR TRANSMISSION PLANNING PROCESSES. 
          UH, WE ALSO HAVE TO MAKE SURE THAT WE DON'T, UH, DELAY THOSE TRANSMISSION PROJECTS GETTING BUILT BY, UH, UNNECESSARY ADDITIONAL STUDIES IN THE TRANSMISSION PLANNING PROCESS. 
          AND, AND SO THAT'S FEEDBACK THAT, THAT WE HEARD AND, AND WE'RE GOING BACK AND, AND, UH, LOOKING AT MAKING ADJUSTMENTS TO THAT. 
          UH, AND THEN WERE ALSO A COUPLE OF, UH, KIND OF TECHNICAL, UH, THINGS THAT WE HEARD THROUGH THAT, UM, UH, THROUGH THE WORKSHOP. 
          UH, SO WE, WE'VE, UH, HAD HAD A WORKSHOP LAST WEEK. 
          UH, WE'VE, UH, TAKEN THAT FEEDBACK AND WE ARE GOING TO COME BACK THIS THURSDAY IN, IN THIS ROOM AND HAVE A SECOND WORKSHOP ON THE CONCEPT. 
          AND WE'RE GONNA LET STAKEHOLDERS KNOW, YOU KNOW, HERE, HERE'S THE FEEDBACK THAT WE THINK THAT WE HEARD FROM YOU. 
          UH, THESE ARE ADJUSTMENTS THAT WE'RE MAKING BASED ON THAT FEEDBACK. 
          AND, YOU KNOW, YOU KNOW, LET US KNOW IF WE HEARD THAT RIGHT. 
          IF WE, IF WE GOT THAT RIGHT. 
          UM, THERE, UH, THERE WILL THEN BE, UH, A SERIES OF, UH, ADDITIONAL WORKSHOPS THAT WE WILL NEED TO PLAN, UH, NOT, NOT ON THE CALENDAR YET, BUT THAT WE'RE LOOKING AT DATES FOR HAVING ADDITIONAL WORKSHOPS AS WE START TO WORK THROUGH THIS REVISION REQUEST, UH, PROCESS. 
          SO, AS, AGAIN, AS PABLO NOTED, UH, THE, UM, UH, THIS BATCH ZERO, WE WILL BE, UH, FILING REVISION REQUEST, UH, FOR THIS, UH, TO CODIFY THIS BATCH ZERO. 
          AND, AND SO WE'RE, WE WILL LIKELY NEED SOME, UH, STAKEHOLDER WORKSHOPS TO WORK THROUGH THE DETAILS OF THOSE REVISION REQUESTS. 
          UH, AND SO THAT THAT WILL BE SPECIFICALLY FOR BATCH ZERO. 
          UH, AND THEN WE ARE ALSO ENVISIONING, UH, UH, WHAT WE'RE CALLING THE ONGOING BATCH PROCESS. 
          UH, THIS IS GONNA BE FOR, YOU KNOW, BATCH ONE AND, AND, AND SO ON. 
          UH, THAT ONGOING BATCH PROCESS WILL HAVE A SEPARATE SET OF REVISION REQUEST, UH, THAT WILL ALSO, UH, GO THROUGH THE, THE STAKEHOLDER PROCESS. 
          SO, UH, 
          [00:35:01]
I WOULD SAY RIGHT NOW THE, UH, THAT BATCH ZERO REVISION REQUEST, THAT THOSE, UH, WE ARE, UM, I, I PUT TARGETING JUNE BOARD TARGETING IS PROBABLY NOT STRONG ENOUGH WORD. 
          UH, I, I WOULD SAY THAT THAT, UM, SOMEWHERE BETWEEN A, A TARGET AND A MANDATE TO, TO GET THAT TO THE, THE JUNE BOARD, UH, AND THEN A SEPTEMBER BOARD IS WHAT WE'RE TARGETING TO, UM, TO BRING THE, UH, THE ONGOING BATCH REVISION REQUEST. 
          UH, SO THAT, THAT IS MY OVARY OF THE BACHELOR IN PAM. 
          TAKE ANY QUESTIONS, JEFF, FROM THE TSP PERSPECTIVE, DO WE HAVE, HAVE A BACKLOG OF PROJECTS THAT THEY'RE KIND OF WAITING ON THAT IT, UH, MY UNDERSTANDING IS THAT THERE'S SOME FRUSTRATION THERE IN TERMS OF PROJECTS THEY BELIEVE THAT NEED TO GET DONE, GET APPROVED SOONER RATHER THAN LATER, AND HAVE BEEN WAITING A LONG TIME. 
          IS THAT, IS THAT, IF THAT'S THE CASE, WHAT, IS THERE ANYTHING WE'RE DOING ABOUT THAT TO ACCELERATE? YEAH, SO I, I THINK THAT, UH, I THINK YOU'RE TALKING ABOUT TRANSMISSION PROJECTS THAT YEAH, THEY, THEY'VE, THEY'VE COME IN FOR REVIEW AND, UH, AND, AND YEAH. 
          AND SO WE, RIGHT NOW WE'RE HAVING TO GO THROUGH THAT, THAT REVIEW PROCESS, UH, ON THOSE. 
          AND, UH, I MIGHT ACTUALLY, UH, ASK CHRISTIE OR, OR WOODY, IF YOU WANNA WEIGH IN ON THAT, ON THE, MORE, ON THE TRANSMISSION PLANNING SIDE. 
          YEAH, WE THINK WE HAVE SOME WAYS TO, TO SPEED THAT UP. 
          UM, WE'D LIKE TO START USING THE RTP PROCESS, UH, AS MORE OF THE ERCOT INDEPENDENT REVIEW. 
          THAT'D BE ONE WAY TO SPEED THAT UP. 
          UM, WE'LL ALSO INCORPORATE THE BATCH PROCESS, AND WE'RE NOT EXACTLY FOR SURE HOW THAT'S GONNA WORK YET, BUT THAT BATCH PROCESS CAN ALSO SERVE AS SOME KIND OF A REVIEW AND INCORPORATE THAT INTO THE RTP AND FEED THAT INTO THE RPG PROCESS AS WELL. 
          THERE'S A LOT OF TRANSMISSION BEING BUILT THOUGH, AND, UM, IN ORDER TO BUILD TRANSMISSION, YOU GOTTA TAKE OUTAGES ON THE SYSTEM. 
          AND SO THERE'S, THERE IS A, UH, WE'RE GOING THROUGH A KINDA A BOTTLENECK RIGHT NOW WHERE WE NEED TO BE ABLE TO, UH, TO TAKE THOSE OUTAGES IN ORDER TO BUILD TRANSMISSION, WHICH ALSO MEANS THAT, UH, TSPS WILL HAVE TO TAKE SHORTER OUTAGES, MORE EXPENSIVE OUTAGES OR, OR BUILD A TEMPORARY OR BUILD A TEMPORARY, UH, LINES AND THINGS LIKE THAT. 
          SO THAT'S ANOTHER, UH, AREA THAT WE WERE WORKING WITH TSPS ON. 
          SO IT'S NOT JUST THE PLANNING PROCESS, IT'S ALSO IN THE OPERATIONS. 
          THANK YOU. 
          I HAVE A QUESTION, JEFF. 
          WELL, FIRST THANKS FOR ALL THE WORK YOU'VE DONE IN A VERY SHORT TIME, AND I APPRECIATE THE PILE OF WORK IN FRONT OF YOU. 
          IF YOU GO TO THE LAST SLIDE AND LOOK AT THE TIMELINES, COULD YOU SHED SOME LIGHT ON THE TOP TWO OR THREE BOTTLENECKS IN THAT LENGTH OF TIME IT TAKES TO EXECUTE BATCH THERE SO WE CAN HAVE A LITTLE BIT BETTER UNDERSTANDING OF WHY IT'S SO LONG OR SHORT FROM DIFFERENT PEOPLE'S POINT OF VIEW? YEAH, SO, UM, YEAH, SO ON ON THE STUDY ITSELF, SO, SO THERE ARE A COUPLE STEPS IN THAT STUDY. 
          SO ONE IS YOU HAVE, THE FIRST IS YOU HAVE TO BUILD THE MODELS. 
          SO YOU, YOU HAVE TO BUILD THESE MODELS THAT ARE REPRESENTING WHAT YOU THINK THE FUTURE SYSTEM LOOKS LIKE, UH, AND IN, AND SO WE'RE STUDYING MULTIPLE YEARS, AND IN, IN THOSE YEARS, YOU'RE ALSO STUDYING DIFFERENT CONDITIONS. 
          UH, AND, AND SO IT ENDS UP BEING THAT YOU ARE CREATING 15 MODELS FOR EACH, EACH BATCH STUDY AS, AS WE HAVE IT DESIGNED RIGHT NOW. 
          UM, AND I, I TELL EVERYBODY, IT, IT'S DESIGNED IN PENCIL. 
          UH, YOU WE'RE STILL WORKING THROUGH TAKING FEEDBACK FROM STAKEHOLDERS IN THAT, BUT AS WE HAVE DESIGNED RIGHT NOW, IT'S, IT'S 15 MODELS. 
          AND SO YOU'RE, YOU'RE HAVING TO BUILD EACH OF THOSE MODELS AND THEN YOU RUN YOUR ENGINEERING ANALYSIS ON EACH OF THOSE. 
          AND AS YOU SEE CONSTRAINTS ON THE SYSTEM, UH, SO, SO IF I'M LOOKING AT 2030 AND I, I SEE A CONSTRAINTS, THEN WHAT WE'LL WORK WITH THE TSP WHO IS IMPACTED BY THAT CONSTRAINT TO SEE IF WE CAN IDENTIFY A PROJECT THAT WOULD RELIEVE THAT CONSTRAINT. 
          UH, AND SO ALL, ALL THAT JUST TAKES TIME TO, TO WORK THROUGH THAT, THAT PROCESS. 
          UM, YEAH, SO THAT, THAT'S, I THINK THOSE ARE THE, THE MAJOR STEPS IN THAT PROCESS. 
          JEFF, HOW DOES THE RESOURCE QUEUE INTERFACE WITH THIS PROCESS? BECAUSE OBVIOUSLY WE'RE, WE'RE GONNA NEED MORE ELECTRONS AND SO WE CAN'T LEAVE OUT THAT PART OF THE EQUATION. 
          HOW DOES THAT FIT IN WITH THE BATCH PROCESS ON THE LOAD SIDE? YEAH, SO, UM, CAN TWO, TWO WAYS TO LOOK AT THAT. 
          SO ONE IS FROM A, UM, A RESOURCE ADEQUACY PERSPECTIVE THAT, THAT'S SORT OF OUTSIDE OF THE BATCH STUDY PROCESS OR, OR THE LARGE LOAD INTERCONNECTION PROCESS IN GENERAL. 
          UH, AND I THINK THAT IS MORE ABOUT MARKET DESIGN WITH THE IDEA THAT IF, IF YOU, YOU KNOW, HAVE THE RIGHT MARKET DESIGN, THEN THAT WILL INCENT THE GENERATORS TO COME AND SERVE THE LOADS. 
          UH, BUT WE STILL, ON THE, IN THE INTERCONNECTION SIDE, WE STILL HAVE TO MAKE SURE THAT WE'RE MODELING THE RIGHT GENERATORS TO, TO, YOU KNOW, MAKE SURE, BECAUSE TRANSMISSION IS MOVING POWER FROM THE GENERATOR TO THE LOAD. 
          AND SO WE NEED TO MAKE SURE THAT, THAT 
          [00:40:01]
WE'RE MAKING THE RIGHT ASSUMPTIONS ON WHAT GENERATORS ARE GOING TO BE CONNECTED IN THE SYSTEM. 
          AND SO THERE ARE, UH, RULES THAT TRANSMISSION PLANNERS ARE ALREADY USING. 
          UH, AND I'LL POINT TO, UM, MAKE BIGGER 1 27, WHICH, UH, I THINK Y'ALL APPROVED, UM, I THINK YESTERDAY THAT, UH, HA KINDA LAYS OUT WHAT, WHAT ARE THOSE RULES FOR IF, IF WE'RE ADDING NEW GENERATORS TO THE MODEL, MAKING SURE THAT WE'RE ADDING GENERATORS THAT HAVE, YOU KNOW, GONE THROUGH THE, THE, THE INTERCONNECTION PROCESS AND MET CERTAIN MILESTONES IN THE INTERCONNECTION PROCESS. 
          AND SO THAT THOSE GENERATORS THEN WILL GET ADDED INTO THE MODELS AND, AND, AND WE'LL USE THOSE UH, MODELS TO DO THE STUDY. 
          OKAY. 
          UH, ON SLIDE THREE, IF YOU CAN GO BACK A COUPLE OF SLIDES, UM, ON THE BATCH ONE SIDE, YOU TALK ABOUT ALL THOSE MUST MEET SERIOUSNESS CRITERIA TO QUALIFY FOR A STUDY. 
          UM, SO TWO QUESTIONS ON THAT. 
          UH, THE SERIOUSNESS COMPONENT, HAS THAT BEEN CODIFIED OR IS THAT SOMETHING TO, TO BE DEVELOPED, UH, ADD A LITTLE BIT MORE, UH, AND FLESH TO THAT? AND THEN SECONDLY, REGARDING SERIOUSNESS, DO YOU HAVE SERIOUSNESS GATES INSIDE OF BATCH ZERO, RIGHT? YEAH, SO, SO, UM, SO THAT IS TO BE DETERMINED. 
          UH, I THINK FOR BATCH ZERO, THOSE RULES WILL, UM, LIKELY BE INCLUDED IN THE REVISION REQUEST. 
          UH, I, I THINK FOR THE ONGOING BATCH STUDY, UH, IT, IT'S, UH, SO, SO THE COMMISSION RIGHT NOW HAS A RULEMAKING ON INTERCONNECTION STUDIES, UH, 5 8 4 8 1. 
          UH, AND THE, THE INITIAL DRAFT OF THAT RULEMAKING, IT INCLUDES SOME LANGUAGE AROUND, UH, WHAT, WHICH PROJECTS, UH, MEET CERTAIN MILESTONES SHOULD, SHOULD QUALIFY FOR STUDIES AND, AND, UH, AND, AND ULTIMATELY FOR INCLUDING IN THE, UH, THE, THE PLANNING LOAD FORECAST. 
          UH, AND SO WE THINK THAT THOSE ARE GOOD MILESTONES THAT SHOULD BE INCORPORATED INTO, INTO THE BATCH STUDY PROCESS. 
          SO ESSENTIALLY WE'RE, WE'RE, WE'RE LOOKING, I THINK THE COMMISSION IS SETTING GUIDANCE ON THAT. 
          SO I THINK WE'RE, WE'RE GONNA FOLLOW THE COMMISSION GUIDANCE ON THAT. 
          OKAY. 
          GREAT. 
          ANY OTHER QUESTIONS OR COMMENTS? IMPORTANT SUBJECT? OKAY. 
          ALRIGHT. 
          THANKS JEFF. 
          YEP. 
          UH, LET'S MOVE ON TO, UH, DAN WOODFIN, WHO IS GONNA PRESENT A GEN ITEM 
          [13. Far West Load Growth and  Transmission Timing Issues]
13 FAR WEST LOAD GROWTH AND TRANSMISSION TIMING ISSUES. 
          UH, THIS IS AN ITEM THAT, UH, THE BOARD HAS TALKED ABOUT IN THE PAST, BUT WE'RE NOW STARTING TO SEE THE RELIABILITY RISK GROW, UH, WITH THE LOAD ADDITIONS IN THE AREA OR PROJECTED LOAD ADDITIONS. 
          DAN. 
          YEAH. 
          THANK YOU. 
          GOOD MORNING. 
          UM, SO WE HAVE OBVIOUSLY TALKED ABOUT FAR WEST TEXAS A LOT KIND OF IN THE TRANSMISSION PLANNING TIMEFRAME 'CAUSE THERE'S A LOT OF NEW TRANSMISSION THAT'S, THAT'S BEING DIRECTED TOWARD SOLVING THESE PROBLEMS IN THE, IN THE TIMEFRAME THAT IT TAKES TO BUILD TRANSMISSION. 
          BUT WE'RE STARTING TO SEE AS, AS THE CHAIRMAN MENTIONED IN SOME ISSUES IN KIND OF MORE THE OPERATIONS, UH, LOOK AHEAD TO HORIZON. 
          AND SO WE WANTED TO HIGHLIGHT THIS AGAIN, EVEN THOUGH I'VE COVERED IT IN A COUPLE OF BOARD MEETINGS TO KIND OF, UH, FLESH IT OUT FURTHER. 
          UM, SO THE FAR WEST TEXAS AREA IS BASICALLY THAT AREA. 
          WE ODESSA AND POINTS WEST. 
          UM, IT KIND OF HAS A LITTLE BIT OF EVERYTHING. 
          IT'S GOT THERMAL GENERATION, ALMOST 3000 MEGAWATTS. 
          IT'S GOT SOLAR, WIND, UM, RESIDENTIAL LOAD AS WELL AS, UH, COMMERCIAL LOAD AND THEN OIL AND LOTS OF OIL AND GAS LOAD IN THE GR GROWING PERMIAN BASIN, DELAWARE BASIN TYPE AREA. 
          AND THEN THE, THE, UM, THE, THERE ARE SOME CRYPTO DATA CENTERS, LIMITED NUMBER OF KIND OF, UM, AI TYPE DATA CENTERS AT THIS POINT. 
          BUT MOST OF THE, THE DATA CENTERS OUT THERE ARE, ARE CRYPTO. 
          AND SO WHEN THERE'S PLENTY OF WIND AND SOLAR AVAILABLE, WE DON'T REALLY HAVE ANY PROBLEMS SERVING THAT LOAD. 
          EVERYTHING'S GOOD. 
          UM, BUT WHEN, UH, DURING NIGHTTIME, WHEN THE SOLAR GENERATION'S NOT AVAILABLE, IF WE HAVE A LOW WIND PERIOD, THEN WE START TO SEE CONSTRAINTS ON BRINGING POWER FROM KIND OF THE REST OF THE STATE INTO THAT AREA. 
          UH, AND WE START TO SEE LINES THAT IF, IF A CONTINGENCY WERE TO OCCUR, THEY WOULD OVERLOAD. 
          AND SO, UM, THAT'S KIND OF THE STATE AT THIS POINT. 
          UH, BUT AS LOAD CONTINUES TO GROW OR AS WE'RE TAKING SOME OF THOSE OUTAGES THAT WOODY JUST MENTIONED A FEW MINUTES AGO ON TRANSMISSION LINES IN ORDER TO GET SOME OF THE UPGRADES DONE, WE START TO SEE THOSE CONSTRAINTS BE MORE SEVERE, UM, TO THE POINT THAT, UH, THEY MAY BE TO THE, WHAT WE CALL CASCADING. 
          IN OTHER WORDS, IF A CONTINGENCY WERE TO HAPPEN, IT OVERLOADS A LINE, POTENTIALLY THAT LINE WOULD TRIP OUT BECAUSE OF THE OVERLOAD AND THEN 
          [00:45:01]
OTHER LINES WOULD OVERLOAD AND IT COULD POTENTIALLY, UH, CAUSE AN OUTAGE, WIDESPREAD OUTAGE ACROSS THE ENTIRE AREA. 
          SO, UH, WE CAN'T LET THAT HAPPEN. 
          THERE NO REQUIREMENTS AROUND THOSE KIND OF SITUATIONS IF THAT LOAD AREA IS BIG ENOUGH THAT WE HAVE TO TAKE PRE-CON CONTINGENCY ACTIONS TO MAKE SURE THAT THOSE OVERLOADS DON'T OCCUR UP TO AND INCLUDING SHEDDING LOAD IN THAT AREA IF NEED BE PRE-CON CONTINGENCY TO KEEP THE LOAD DOWN TO THE POINT THAT THOSE OVERLOADS WOULD NOT, UH, BE CASCADING. 
          SO WE, TODAY WE MONITOR A COUPLE OF DIFFERENT CONSTRAINTS INTO THAT AREA. 
          ONE COMING A LITTLE MORE FROM THE EAST TEXAS, FROM THE NORTH, AND THEN THE EASTERN SIDE OF THE STATE. 
          AND WHERE FROM THE SOUTH INTO THAT AREA. 
          THIS, THIS GRAPHIC HERE IS, IS, IS VERY SIMPLIFIED, UH, BUT IT, IT GIVES YOU THE KIND OF THE IDEA THIS, THIS CONSTRAINT IS DIFFERENT THAN WE'VE TALKED A LOT OVER THE LAST COUPLE OF YEARS ABOUT THE SOUTH TEXAS EXPORT CONSTRAINT. 
          UH, IT'S DIFFERENT THAN THAT IN THAT THE SOUTH TEXAS EXPORT CONSTRAINT REALLY IS ONLY GOING TO BE BINDING WHEN THE SYSTEM AS A WHOLE IS ALMOST OUT OF A CAPACITY BECAUSE OUR DISPATCH SYSTEM WILL AUTOMATICALLY REALLOCATE, UH, GENERATION IN SUCH A WAY TO OVERLOAD, UH, TO MAKE SURE THAT THOSE OVERLOADS DON'T OCCUR. 
          AND THE ONLY TIME THE SOUTH TEXAS CONSTRAINT WILL ACTUALLY OVERLOAD IS WHEN WE'RE ALMOST OUT AND THAT YOU JUST NEED ALL THE GENERATION TO SERVE THE LOAD. 
          THE THIS FAR WEST IMPORT IS, IS DIFFERENT. 
          IT CAN OCCUR EVEN WHEN WE'VE GOT SUFFICIENT GENERATION ACROSS THE SYSTEM AS A WHOLE, BUT THE LOAD IN THAT PARTICULAR AREA, NET OF THE GENERATION IN THAT AREA EXCEEDS THE AMOUNT THAT CAN BE IMPORTED OVER THOSE TRANSMISSION LINES. 
          THIS CONSTRAINT IS ALSO A LITTLE DI SO IT'S REALLY A KIND OF A LOCALIZED, UH, CONSTRAINT, BUT IT'S A LOT OF LOAD. 
          WE'RE TALKING EIGHT PLUS THOUSAND MEGAWATTS, UH, OF LOAD IN THAT AREA. 
          UH, THIS CONSTRAINT IS ALSO A LITTLE DIFFERENT THAN A LOT OF OUR OTHER GENERIC TRANSMISSION CONSTRAINTS THAT WE'VE TALKED ABOUT THAT ARE LIKE THE WEST X'S EXPORT OR THE PANHANDLE EXPORT, WHICH ARE MORE DYNAMIC STABILITY RELATED. 
          THIS REALLY IS MORE OF A THERMAL OVERLOAD ON, ON THE LINES. 
          SO THERE, AS I MENTIONED, THERE'S, THERE'S, THERE'S BEEN LOTS OF PLANNING ACTIVITIES TO, TO SOLVE THIS LOAD GROWTH ISSUE IN, IN THE FAR WEST AREA. 
          UM, THERE'S A, UM, DELAWARE BASIN PROJECT THAT HAD MULTIPLE STAGES THAT WAS APPROVED SEVERAL YEARS AGO. 
          UM, THE NEXT OF THOSE UPGRADES, THE DELAWARE BASIN PHASE, UH, STAGE TWO PROJECT IS EXPECTED TO BE COMPLETED, UH, THIS SUMMER. 
          UM, AND THAT'S BASICALLY THE AREA THAT'S CIRCLED BY THE, THE GREEN OVAL ON THIS MAP. 
          THERE'S A DELAWARE BASIN PHASE THREE AND FOUR, BUT THOSE ARE REALLY JUST TO ALLOW MORE LOAD TO BE SERVED OUT ON THE TIP OF THE, THE STATE THERE. 
          AND SO THEY DON'T REALLY HELP WITH THE IMPORT, UH, CAPABILITY. 
          SO AFTER THIS, UH, DELAWARE BASIN PHASE TWO, THE NEXT ONE THAT WILL HELP SIGNIFICANTLY HELP THE IMPORT CAPACITY IS THE DELAWARE BASIN PHASE STAGE FIVE, WHICH KIND OF COMES DOWN FROM THE NORTH THROUGH LA MESA. 
          UM, AND THAT IS CURRENTLY SCHEDULED FOR A 2029, UH, COMPLETION. 
          THE OTHER THING THAT WILL HELP THIS SITUATION IS MORE RES MORE RESOURCES THAT ARE AVAILABLE DURING THOSE CRITICAL CONDITIONS THAT ARE LOCAL WITHIN THE AREA. 
          UM, SO IF YOU'VE, YOU'RE ADDING GENERATION OUT IN THAT FAR TEXAS AREA, FAR WEST TEXAS AREA THAT IS CAPABLE OF SUSTAINING ITS OUTPUT EVEN DURING LOW WIND, UM, LOW SOLAR CONDITIONS FOR AN EXTENDED PERIOD. 
          AND WHEN, WHEN, WHEN YOU'RE TALKING ABOUT THESE PERIODS WE'RE, WE'RE REALLY TALKING ABOUT ALL NIGHT, SOME NIGHTS. 
          AND SO, UM, THAT SIX TO EIGHT HOURS. 
          AND SO REALLY IT'S THE, WE, WE, FOR THE PURPOSE OF THESE STUDIES, WE'VE ASSUMED THAT THE BATTERIES WOULD BE DEPLETED AND THAT WOULD BE THE KIND OF THE CRITICAL PERIOD. 
          THERE IS ONE GENERATOR THAT'S IN THE INTER THAT'S IN THE PROCESS OF BEING, UH, BUILT. 
          IT'S, IT'S SCHEDULED TO BE COMPLETED IN, UH, SECOND QUARTER OF NEXT YEAR. 
          UH, AND SO THAT IS KIND OF A ONE-TO-ONE ADDITION ON SOLVING THE PROBLEM. 
          SO IT'S ABOUT A 200 MEGAWATT RESOURCE, AND SO IT WILL ADD TO THE LOAD SERVING CAPABILITY IN THE AREA BY ABOUT 200 MEGAWATTS. 
          SO THE LOAD GROWTH, SO WE, WE TODAY, WE HAVEN'T SEEN, I THINK THE MAXIMUM WE'VE SEEN OF LOAD IN THAT AREA IS ABOUT 8,500 MEGAWATTS DURING THE LAST SUMMER. 
          BUT WE, IN OUR LONG-TERM LOAD FORECAST, WHICH IS WHAT'S SHOWN ON THIS GRAPHIC, WE SEE SIGNIFICANT GROWTH COMING. 
          UM, THERE'S A, A KIND OF A BIG 
          [00:50:01]
STEP UP AND UH, THESE STEPS WON'T HAPPEN AS ABRUPTLY AS WHAT'S SHOWN ON THE GRAPH. 
          UH, BUT IN GENERAL IT'S SUPPOSED TO HAPPEN EARLY THIS YEAR IN THE, THE, UH, STEP UP IN THE CRYPTO MINING LOAD. 
          AND THEN YOU SEE ANOTHER STEP UP IN THE SPRINGTIME, UH, IN OIL AND GAS TYPE LOAD, LIKE I MENTIONED, THOSE WON'T HAPPEN AS ABRUPTLY, BUT THEY WILL, WILL, THERE'S THE EXPECTATION BASED ON WHAT OUR INFORMATION THAT COMES IN FROM THE TRANSMISSION PROVIDERS, THERE WILL BE A, A SIGNIFICANT INCREASE IN THOSE TIMEFRAMES. 
          UH, AND THEN IT CONTINUES TO GROW FROM THERE. 
          UM, NOW THE TIMING OF THIS LOAD GROWTH IS, IS A LOT OF IT'S DEPENDENT ON WHEN THE END USERS ACTUALLY BUILD OUT, UH, THE, THE, THEIR, UH, USAGE. 
          UM, THE OTHER THING TO NOTE, WE, WE ARE, UM, UM, WE'RE THIS, THIS INFORMATION IS, UH, SEVERAL MONTHS OLD AT THIS POINT. 
          WE'RE ABOUT TO ISSUE ANOTHER RFP TO DEVELOP THE NEXT YEAR'S LONG-TERM LOAD FORECAST. 
          AND WE'RE GONNA ASK THE TSPS TO FOCUS ON BILL PROVIDING THE INFORMATION FOR THIS AREA EARLY IN THAT PROCESS. 
          SO WE WILL HAVE, UH, UPDATES TO, TO THIS LOAD GROWTH, UM, FORECAST, UH, SOON. 
          THE FINAL THING TO NOTE ON THIS SLIDE IS, IS WE'VE BROKEN IT OUT BY LOADS THAT ARE MORE THAN 75 MEGAWATTS AND LOADS THAT ARE LESS THAN 75 MEGAWATTS. 
          AND WHAT YOU SEE IS THAT WHILE THE CRIP, A LOT OF THE CRYPTO MINING LOAD IS MORE THAN 75 MEGAWATTS, THE MAJORITY OF THE OTHER LOAD GROWTH THAT'S OCCURRING IS, IS LESS THAN 75. 
          SO IT REALLY DOESN'T GO THROUGH THE, THE INTERCONNECTION PROCESS, UH, THAT, THAT JEFF, UH, EVEN THE EXISTING ONE THAT JEFF TALKED ABOUT A MINUTE AGO. 
          OKAY, SO THE CRYPTO MINING, WHAT WE'VE SEEN IS THAT, UH, FOR, FOR THE ONES THAT ALREADY EXIST OUT THERE, WE'VE SEEN, UH, SIGNIFICANT, UH, RESPONSE AS WE TEND TO ACROSS THE WHOLE SYSTEM. 
          BUT LOOKING SPECIFICALLY AT THIS AREA AND LOOKING ACROSS FALL OF, OF THIS PAST YEAR, WE SAW, YOU KNOW, UP TO A THOUSAND MEGAWATTS OUT OF THE 1800 KIND OF MAXIMUM LOAD THAT WE SAW OUT THERE, UH, RESPONDING DURING HIGH PRICE EVENTS. 
          AND SO, UH, THE EXPECTATION IS THAT IF THESE LINES START TO BIND, UM, AND WE START TO SEE POTENTIAL OVERLOADS THERE, THAT THAT WILL RESULT IN HIGHER PRICES ACROSS PARTICULARLY THOSE AREAS. 
          BUT REALLY THERE'S SO MUCH LOAD OUT THERE, YOU'LL SEE HIGHER PRICES ACROSS THE WHOLE OF, OF THE WEST TEXAS ZONE, UH, THAT WOULD RESULT IN, IN THOSE, UH, FOLKS, UH, LOWERING THEIR OUTPUT DURING, DURING THOSE, THOSE CRITICAL TIME PERIODS. 
          SO WE'VE, WE'VE LOOKED, SO WE'VE LOOKED AT THE LOAD SIDE. 
          WELL, HOW MUCH LOAD CAN WE SERVE? THAT'S, THAT'S THE QUESTION. 
          AND SO, UM, THAT WHAT, WHEN WE LOOK BACK OVER THE PAST SEVERAL MONTHS THAT WE'VE BEEN MONITORING THESE CONSTRAINTS, THE, THE IMPORT CAPACITY VARIES WIDELY, UH, DEPENDING ON OBVIOUSLY WHERE THE, WHERE THE, FOR THE AMOUNT OF LOAD THAT CAN BE SERVED, IT WILL DEPEND ON, DEPEND ON THE AMOUNT OF WIND, THE AMOUNT OF SOLAR, WHAT THERMAL GENERATIONS IS ONLINE, AND ALSO HOW MANY TRANSMISSION OUTAGES AND WHICH TRANSMISSION OUTAGES THERE ARE, AS WELL AS JUST THE DISTRIBUTION OF THE LOAD. 
          IF WE'VE GOT MORE LOAD IN ONE AREA, MAYBE HARDER TO GET THE POWER THERE AS OPPOSED TO ANOTHER, UH, ANOTHER PATTERN, UH, DURING THE TIME. 
          SO IT, IT VARIES WIDELY. 
          UM, BASED ON, SO WE'VE DONE SOME ANALYSIS KIND OF AS A, AS A SINGLE REFERENCE POINT LOOKING AT THE, THE A PERIOD WHERE WE HAVE NO TRANSMISSION OR GENERATION OUTAGES WHERE THE WIND IS LESS THAN A THOUSAND MEGAWATTS AND THE IT'S AT NIGHT. 
          SO THERE'S NO SOLAR GENERATION AND THE IDEA THAT, THAT THIS IS BEYOND THE PERIOD IN WHICH THE BATTERIES WOULD AL HAVE ALREADY DISCHARGED. 
          AND SO THE BATTERIES ARE OFF. 
          AND SO LOOKING AT THAT, UM, UM, KIND OF SITU THAT SITUATION, THAT SCENARIO, UH, WE SEE THAT THE CURRENT IMPORT CAPACITY ABILITY TO SERVE LOAD IN THAT AREA IS ABOUT 9,500 MEGAWATTS. 
          NOW I MENTIONED WE'VE ONLY SEEN THE LOAD GO UP TO 8,500 MEGAWATTS. 
          9,500 IS THE LEVEL AT WHICH WE WOULD HAVE TO TAKE THIS PRECON CONTINGENCY, UH, LOAD CHECK ACTION IF NEED BE, THAT 9,500 IS WITH NO OUTAGES. 
          SO IF WE HAVE MORE TRANSMISSION OUTAGES OR UNAVAILABILITY OF THE THERMAL GENERATION, THEN THAT NUMBER'S GONNA BE LESS. 
          IF THE WIND AND SOLAR IS, IS HELP IS AT A HIGH OUTPUT LEVEL, THAT NUMBER MAY BE A LOT HIGHER. 
          UM, SO, SO THAT'S WHERE THE 9,500 NUMBER THAT'S SHOWN IS CURRENT ON HERE COMES FROM THAT DELAWARE BASIN. 
          PHASE TWO PROJECT 
          [00:55:01]
ADDS ABOUT A THOUSAND MEGAWATTS OF LOAD SERVING CAPABILITY. 
          AND SO THAT 9,500 NUMBER WOULD BE EXPECTED BY THIS SUMMER WHEN IT, WHEN THOSE LINES ARE COMPLETED TO GO UP TO, UH, ABOUT, UM, 10,500. 
          UH, AND THEN THAT'S KIND THE NEXT STEP UP IS THAT ADDITIONAL 200 MEGAWATT UNIT THAT IS ADDED IN, UH, SECOND QUARTER OF OF 27. 
          AND SO THAT, AND ANY ADDITIONAL THERMAL GENERATION THAT'S ADDED IN THAT AREA WILL HELP ALSO. 
          BUT THAT'S THE ONE THAT'S KIND OF, UH, NEXT ON THE, THE STEP. 
          UM, AFTER THOSE, THE NEXT TRANSMISSION PROJECTS THAT WILL HELP SOLVE THIS, UH, AREA ARE THAT, AS I MENTIONED, THE PHASE FIVE PROJECT THAT IS GONNA BE AT THE END OF 2029. 
          AND THEN THE, OBVIOUSLY THE, THE NEXT BIG CHUNK THAT WILL ULTIMATELY SOLVE IT IS THE 7 65 KV LINES THAT WILL BE COMPLETED OUTSIDE THE OPERATIONS PLANNING HORIZON THAT WE'RE LOOKING AT HERE. 
          SO WHAT, WHAT YOU SEE IS THAT, UM, COMPARING THAT LOAD SERVING IN THE CAPABILITY TO THE AMOUNT OF LOAD THAT'S THERE, WE WOULD EXPECT THAT THE, THE, THERE'S GONNA BE QUITE A FEW HOURS IN WHICH THE PRICES ARE GONNA BE HIGH BECAUSE THOSE LINES ARE BINDING IN THE PRICES ARE GONNA BE HIGH IN WEST TEXAS. 
          AND THAT WOULD THEN CAUSE THE, THE BIT, THE, THE CRYPTO MINERS TO HAVE TO, UH, BE OFFLINE DURING THAT PERIOD. 
          AND IF THEY'RE OFF, THAT'S OKAY. 
          FOR A WHILE AT LEAST, WITH NO OUTAGES. 
          NOW OBVIOUSLY THAT RED LINE SHIFTS DOWN IF THERE ARE MORE, UM, OUTAGES ON THE SYSTEM, WHICH THERE WILL HAVE TO BE, AS WE'VE DISCUSSED BECAUSE WE'RE TRYING TO GET THE, THE DELAWARE BASIN PROJECTS DONE. 
          SO WHAT, WHAT ARE WE LOOKING AT TO, TO TRY TO SOLVE THIS ISSUE? WE'VE ALREADY DONE SOME THINGS. 
          UM, THE, UM, ONE OF THE TRANSMISSION PROVIDERS THAT HAS SOME OF THE KEY LINES HAS ALREADY IMPLEMENTED A DIFFERENT KIND OF DYNAMIC RATINGS ON THOSE LINES. 
          NORMALLY OUR DYNAMICS RATINGS ARE BASED ON, ON AMBIENT TEMPERATURES. 
          THEY'RE LOOKING AT THE, THE, ACTUALLY, THE, THE CAPACITY ON THE LINE MAY BE A FUNCTION OF NOT ONLY TEMPERATURES, BUT ALSO WIND, WIND, DIRECT WIND SPEED, WIND DIRECTION, UH, THE THERMAL LOADING ON THE LINE FROM THE SUN SHINING ON IT. 
          AND SO THEY'RE LOOKING AT THE, THAT LATTER ONE IN ADDITION TO THE ONES WE NORMALLY LOOK AT TO SAY, CAN OUR RATINGS BE HIGHER AT NIGHT, WHICH IS WHEN THESE WOULD OTHERWISE BE BINDING? UM, AND SO WE, THEY'VE ACTUALLY GIVEN US THOSE HIGHER RATINGS AND WE'RE USING 'EM TODAY. 
          THE SECOND THING IS, IS TRYING TO COORDINATE THOSE OUTAGES MORE HOLISTICALLY, RATHER THAN HAVING EACH TRANSMISSION PROVIDER COME IN AND ASK FOR REQUESTS, TRYING TO LOOK ACROSS ALL THE OUTAGES THAT ARE GONNA BE NEEDED, COORDINATING MORE ON THOSE. 
          WE TYPICALLY HAVE OUTAGES THAT ARE ONLY ALLOWED IN THE NIGHTTIME, BECAUSE THAT'S GENERALLY WHEN LOAD IS LOWER, AND WE HAVE MORE WIND GENERALLY ACROSS THE SYSTEM, PARTICULARLY DURING THE, THE SUMMER. 
          UH, WE'RE, WE'RE ALLOWING NOW STRUCTURING THOSE OUTAGES IN SUCH A WAY THAT THEY'RE TAKING THEM IN THE DAYTIME, EVEN THOUGH THE LOAD'S HIGHER, BECAUSE WE HAVE THE SOLAR GENERATION THAT'S HELPING WITH THIS IMPORT CONSTRAINT, AT LEAST IN THIS AREA, WE'RE ALLOWING THOSE TO, TO BE TAKEN IN THE DAYTIME. 
          AND, UM, SO THEN BEYOND THOSE THINGS, THE, THE NEXT STEP THAT WE'RE LOOKING AT IS ISSUING AN RFPA FOR A CONTRACT FOR CAPACITY TO TRY TO ENCOURAGE, UH, MORE RESOURCES TO BE ADDED IN THAT AREA TO THE EXTENT IT CAN BE DONE. 
          AND SO THAT WOULD, WE'VE GOT A LITTLE, WE'RE GONNA TAKE MORE. 
          SOME OF THE CONTRACTS FOR CAPACITY WE'VE DONE HAVE BEEN VERY, UH, HURRIED, AND SO WE HAVEN'T GOTTEN AS MANY, UH, UH, OFFERS INTO THOSE. 
          BUT WITH THIS ONE, WE'RE GONNA TAKE A LITTLE MORE TIME AND MAKE SURE WE'VE GOT TIME TO THE, THE BIDDERS HAVE TIME TO, TO PROVIDE MORE, UH, OF A RESPONSE. 
          UM, WE'RE, WE'RE OBVIOUSLY FROM THAT GRAPH, YOU CAN SEE THAT WE'RE DEPENDING ON THE CRYPTO MINERS TO, UH, TURN OFF AT THE APPROPRIATE TIMES. 
          BUT IF WE'RE GONNA DO THAT, IT WOULD BE HELPFUL FOR US TO ACTUALLY BE ABLE TO TURN THEM OFF IF THEY DON'T RESPOND SO THAT WE CAN MEET ALL OF OUR RELIABILITY OBLIGATIONS. 
          AND SO THE ONE WAY TO DO THAT IS TO HAVE THEM BECOME CONTROLLABLE LOAD RESOURCES. 
          SO THEY'RE ACTUALLY, WE HAVE THE, WE, WE'LL, THEY CAN RESPOND BASED ON PRICES, BUT THEN WE COULD TURN THEM OFF IF NEED BE, SO THAT THAT'S A POSSIBILITY. 
          AND THEN THE OTHER THING WE'RE ALREADY STARTING TO DO IS, IS ENGAGE WITH THE OIL AND GAS INDUSTRY AND OTHER INDUSTRIAL ENTITIES 
          [01:00:01]
OUT THERE, BECAUSE THERE MAY BE SOLUTIONS THAT THEY'RE, THEY ALREADY HAVE, UH, IN PLACE, UM, THAT COULD BE MAINTAINED TO HELP WITH THIS PROBLEM. 
          AND YOU MEAN GENERATION, THEY'VE GOT POTENTIALLY THAT THEY'VE GOT, IF THEY'RE, YOU KNOW, A LOT OF THIS IS THAT THEY'RE GOING THROUGH ELECTRIFICATION, COULD THEY DELAY THAT THROUGH WHATEVER MECHANISM YEAH. 
          TO LOWER THE LOAD GROWTH? AND SO, UM, YEAH, I THINK THAT'S, THAT'S WHAT I'VE GOT FOR YOU. 
          HAPPY TO ANSWER YOUR QUESTIONS. 
          HEY, DAN, SO IF YOU TAKE BASE CASE OF WHERE WE'RE AT, WHERE WE'VE BEEN, AND THEN WE SEE THAT INCREASE IN LOAD AND HAVE YOU RUN KIND OF, WHAT DOES THAT DO FOR A LOSS OF LOAD PROBABILITY IN THIS REGION? I MEAN, JUST ON A, ON A, UM, RELATIVE BASIS. 
          I MEAN, JUST TO PUT IT IN PERSPECTIVE TO US. 
          YEAH. 
          SO, SO WE, WE HAVE DONE SOME PROBABILISTIC ANALYSIS OF THAT AREA, NOT REALLY LOLP, BUT I'LL EXPLAIN WHAT WE'VE DONE. 
          THE, THE, THE, WE SEE THAT AT THE, AT A 50TH PERCENTILE KIND OF PROBABILITY THAT THERE WOULD BE, UH, ROUGHLY 80 TIMES PER YEAR THAT WE WOULD NOT, THAT BASICALLY WE, THE RED LINE WOULD BE BELOW THE TOP OF THE LOAD IN THAT AREA FOR, AND THE AVERAGE OCCURRENCES WOULD BE, THE AVERAGE TIME OF EACH OCCURRENCE WOULD BE SIX TO EIGHT HOURS. 
          WOW. 
          SIGNIFICANT. 
          YEAH. 
          IT'S, IT IS. 
          AND ON THE, ON THE RFP, SO I THINK IT TO YOUR, YOU CLARIFIED IT, BUT IT WOULD SEEM WE, TIME IS OF THE ESSENCE THERE TO TRY TO GET THAT MOVING, BUT THE PERSPECTIVE IS WE'VE RUSHED THAT IN THE PAST AND, AND AS A RESULT, WE JUST HAVE NOT GOT ADEQUATE MARKET RESPONSE. 
          I, I THINK THAT TO SOME EXTENT THAT'S TRUE. 
          AND SO I THINK WE'RE GOING TO GIVE IT MORE TIME, THIS TIME TO TRY TO BE MORE SUCCESSFUL WITH THAT, MORE TIME FOR THEM TO BID INTO IT. 
          YES, YES. 
          AND, AND, AND POTENTIALLY RESPOND AS WELL MM-HMM . 
          UM, BUT THERE MAY ALSO BE MORE OPTIONS THERE BECAUSE OF KIND OF WHERE, WHAT'S THE, THERE'S POTENTIALLY, THERE'S A SOLUTIONS ALREADY IN PLACE THAT ARE MORE EXPENSIVE, BUT, YOU KNOW, BECAUSE THAT'S WHY THEY'RE MOVING TO A DIFFERENT APPROACH, BUT THERE MAY BE MORE OPTIONS THERE. 
          I THINK THE BIGGEST CHANGE WE CAN MAKE IS, UM, GIVE PEOPLE MORE TIME TO, UH, SET SOMETHING UP. 
          GOT IT. 
          I THINK WE WERE, WE WERE HEMMED IN WITH THE CURRENT PROTOCOLS IN THE TIMEFRAME THAT WE HAVE AND LINK LENGTHENING THAT OUT LONGER WOULD ALLOW, UH, MAYBE BETTER RESPONSE, MORE VIABLE PROPOSALS. 
          WE'RE NOT JUST ASKING FOR A YEAR AT THIS POINT OR TWO YEARS. 
          WE MAY BE ASKING FOR LONGER. 
          JOHN, DID YOU HAVE A COMMENT QUESTION? CHRIS? DID YOU? YEAH. 
          OKAY. 
          CHRIS AND JULIE, YES, PLEASE. 
          UH, THANKS, CHAIRMAN. 
          DAN, ALONG THESE LINES, UM, UH, SPEAKING OF TIME AND THIS PARTICULAR EVENT, DO WE HAVE ANY COMPARABLE, UH, EVENTS IN TERMS OF THE STRENGTH OF THE MARKET SIGNAL THAT WE CAN LOOK TO, OR THIS IS SOMETHING SIMILAR TO, TO ANOTHER PLACE WE'VE SEEN? AND THEN, YOU KNOW, DEPENDING ON THE ANSWER YES OR NO THERE, HOW FAST DID WE SEE MARKET REACTION TO, TO THE SIGNAL? SO I GOTTA SEARCH YOUR MEMORY. 
          YEAH. 
          UH, I MEAN, WE'VE, WE'VE HAD OTHER, OTHER SITUATIONS SIMILAR TO THIS. 
          LIKE THE VALLEY IMPORT WAS A, A, AN ISSUE. 
          WE, UM, BUT, BUT THAT MARKET SIGNAL TO SOME EXTENT GETS, UM, OBVIOUSLY WE'RE GOING TO NEED, WE'RE ALREADY PLANNING ADDITIONAL TRANSMISSION TO THAT AREA. 
          AND SO THE TIMEFRAME THAT SOMEONE THAT'S INVESTING A NEW, ASSUMING HIGHER PRICES TO, TO BUILD IN THAT PARTICULAR AREA, IF, IF THAT'S NECESSARY, MIGHT BE LIMITED BASED ON THE, THE TRANSMISSION BUILD OUT TIMING. 
          DOES THAT MAKE SENSE, JULIE, DAN, ON THIS PAGE OF POTENTIAL MITIGATION ACTIVITIES, COULD YOU HELP BUT OUR UNDERSTANDING OF THE RANKING OF WHICH ARE THE TOP TWO, WOULD I HAVE THE, LET'S CALL IT THE MOST MEGAWATT IMPACT TO RELIEVE THIS BOTTLENECK? WELL, SO THE ONES WE'RE ALREADY DOING, THE REASON THOSE HAVE BEEN DONE IS THAT THEY'RE MORE IN OUR CONTROL AND THEY'VE BASICALLY ALREADY BEEN IMPLEMENTED. 
          UM, THE CRYPTO ONE PROBABLY IT'S, IT'S, IT'S NOT AS MUCH MORE MEGAWATTS, IT'S MORE OF, UH, CERTAINTY, UH, THAT WE WILL GET THE RESPONSE, BUT THE MEGAWATTS 
          [01:05:01]
MAY BE SIMILAR. 
          UM, SO REALLY THE OTHER TWO ARE, UM, UM, THE, THE POTENTIALLY THE BIG MEGAWATTS AND, UM, I, I DON'T KNOW AT THIS POINT HOW MUCH RESPONSE WE'D BE ABLE TO GET FROM THE OIL AND GAS ONE. 
          SO, SO DAN, I, I, LOOKING AT THE, UM, REQUEST FOR PROPOSALS FOR CAPACITY, UH, WOULD A LIFECYCLE SOLUTION BE SOMETHING THAT WOULD, COULD CONCEIVABLY WORK, LIKE WHAT WE DID WITH CPS TO SOLVE THE SOUTH TEXAS CONSTRAINT? I THINK POTENTIALLY SOMETHING LIKE THAT MIGHT WORK. 
          I MEAN, THERE'S OBVIOUSLY A LOT OF, UM, ENGINES THAT ARE OUT THERE TODAY, UM, THAT, YOU KNOW, ARE, I UNDERSTAND THEY'RE EXPENSIVE TO MAINTAIN THEM, BUT YOU KNOW, THAT THERE'S, THERE'S THE POTENTIAL THERE, UH, ALREADY. 
          UM, AND THEN WE JUST HAVE TO LOOK THROUGH THE RFP TO FIGURE OUT WHAT THE, WHAT THE LEASE COST SOLUTION IS. 
          IS THERE A WAY TO BUILD IN LIKE, YOU KNOW, WE JUST DID THE ORDER 2 0 2, UH, THROUGH DOE. 
          IS THERE A WAY TO HAVE THAT BECOME PART OF A REQUEST FOR PROPOSAL WHERE EVERYBODY'S GOT A BACKUP GENERATOR OUT THERE, CAN, CAN EITHER COME OFFLINE AND GO ON THE BACKUP OR HOOK THE BACKUP TO THE GRID? IS ARE THOSE THINGS THAT ARE I, I WOULD THINK IT'S COMPLETELY POSSIBLE FOR, OKAY. 
          I THINK WE PROBABLY WANT TO DO THAT THOUGH, OUTSIDE OF A 2 0 2 TYPE OF A CONSTRUCT, RIGHT? OH, YEAH, I AGREE. 
          THROUGH THE RP PROCESS. 
          EXACTLY. 
          YEAH, I THINK THERE'S, I THINK THAT'S A UNIQUE OPPORTUNITY BECAUSE THERE IS A LOT OF BACKUP GENER OR GENERATE MOBILE GENERATION IN THAT REGION MM-HMM . 
          BASED ON THE INDUSTRY THAT'S IN THAT REGION. 
          AND SO BEING ABLE TO LEVERAGE THAT AS A DEMAND RESPONSE POTENTIALLY COULD BE PART OF A SOLUTION CENTER. 
          MM-HMM . 
          YEAH, THAT'S THE REASON I BROUGHT IT UP, THAT WHY I ASKED THE QUESTION. 
          WE DO OIL AND GAS BECAUSE I THINK THE OIL AND GAS INDUSTRY DOES USE A LOT OF MOBILE GENERATION ON THEIR PUMP SITES AND YEP, EXACTLY. 
          THAT'S THE REASON I BROUGHT IT UP IS IT MIGHT BE A GOOD IDEA TO KEEP THAT RFP AS BROAD AS POSSIBLE SO THAT THOSE TYPES OF CREATIVE SOLUTIONS CAN WIND UP IN THE MIX. 
          YEP, ABSOLUTELY. 
          ONE MORE. 
          YES. 
          ONE MORE QUESTION, PLEASE. 
          SURE. 
          UH, PABLO, WHEN WE HAVE AN EVENT LIKE THIS, THIS AN, AN EYE, AN EYE ROLL EVENT, WHO, WHO ALL DO WE TYPICALLY COMMUNICATE WITH? UH, WHAT, WHAT, WHAT PARTIES ARE WE INFORMING IN REGARDS TO, YOU KNOW, THIS VIEW IF WE HAVE TO DO LIKE A LOCALIZED LOAD SHED AROUND IT, OR THE FACT THAT THE SITUATION EXISTS, UH, THE SITUATION EXISTS AS OF THIS POINT IN TIME? YEAH, SO WE, WE FILE WITH NERC WHEN WE ESTABLISH, UH, IN A REGIONAL OPERATING LIMITS. 
          SO THAT'S A NERC CONTROLLED AND MONITORED SET OF CONSTRAINTS. 
          SO THEY'RE ENGAGED AS WELL AS OF COURSE, THE, UH, WE COMMUNICATE BROADLY THROUGH MARKET NOTICES WHEN THESE TYPES OF CONSTRAINTS ARE ESTABLISHED SO THAT TRANSMISSION OPERATORS LOADS AND SUPPLIERS ALL KNOW WHAT IS HAPPENING IN THAT REGION. 
          SO IT'S A FORMAL COMMUNICATION THAT GOES OUT TO THE MARKET. 
          ALSO, IT'S NOTICED AND MONITOR WITH THE NERC ITSELF. 
          AND I'LL JUST ADD FROM A COMMUNICATIONS PERSPECTIVE, WE, WE HAVE TALKED TO STATE LEADERSHIP ABOUT THIS RISK AND INCLUDING REPRESENTATIVES OUT IN FAR WEST TEXAS ABOUT THIS RISK FOR THE NEXT COUPLE YEARS AS WELL. 
          I THINK, UM, YOU KNOW, OUTAGE COORDINATION IS GONNA BE A BIG, A BIG PIECE OF THIS. 
          'CAUSE AS YOU MAKE NEW IMPROVEMENTS, YOU HAVE TO TAKE OUTAGES ON THINGS. 
          I THINK ENCORE HAS DONE A REALLY GOOD JOB OF DOING SOME VERY INNOVATIVE WAYS OF, UH, TAKING, TAKING OUTAGES SO THAT THAT HAS LESS IMPACT ON THE SYSTEM. 
          AND, UH, THOSE HAVE, HAVE MADE FACILITATING ALL THIS NEW WORK EVEN MORE EASIER AND FASTER DO BYPASSES, BYPASSES AND, YOU KNOW, THE NIGHTTIME RATINGS. 
          THERE'S BEEN A LOT OF THINGS LIKE THAT THAT HAVE BEEN VERY USEFUL. 
          OKAY. 
          UH, ANYTHING ELSE? THIS IS SOMETHING WE DON'T WANT TO GLOSS OVER. 
          OKAY. 
          THANK YOU, DAN. 
          ANYTHING ELSE, DAN, FROM YOUR PERSPECTIVE? OKAY. 
          UH, 
          [14.1 Human Resources and Governance  (HR&G) Committee ]
LET'S MOVE ON TO, UM, AGENDA ITEM 14 TO 14 ONE. 
          UH, PEGGY, HE CHAIR OF THE HUMAN RESOURCE AND GOVERNANCE COMMITTEE HAS SEVERAL VOTING ITEMS FOR US TODAY IN THE HUMAN RESOURCES AND GOVERNMENT COMMITTEE REPORT. 
          PEGGY? THANK YOU CHAIR. 
          UH, THE 
          [Items 14.1.1 - 14.1.3]
HUMAN RESOURCES GOVERNANCE COMMITTEE VOTED ON THREE ITEMS DURING, UH, YESTERDAY'S GENERAL SESSION. 
          FIRST, THE COMMITTEE VOTED TO, UH, RECOMMENDED THE BOARD APPROVE THE ELECTION OF ERCOT, CEO, PABLO VEGAS, AND TO, FOR, AND TO RATIFY ERCOT OFFICERS SET FORTH IN THE BOARD MATERIALS FOR A TERM NOT TO EXCEED ONE YEAR SECOND 
          [01:10:01]
THROUGH TWO SEPARATE MOTIONS. 
          THE COMMITTEE VOTED TO RECOMMEND THAT THE BOARD RATIFY THE OFFICERS OF ERCOT TO SECURITIZATION RELATED SPECIAL PURPOSE ENTITIES, M AND N, UH, EXCEPT FORTH IN THE BOARD MATERIALS. 
          UH, IF THERE ARE NO QUESTIONS WITH THAT, I MOVE THAT THE BOARD APPROVE ITEMS 14 AND 14 AS RECOMMENDED BY THE HUMAN RESOURCES AND GOVERNANCE COMMITTEE. 
          OKAY, JOHN MADE THE MOTION. 
          DID YOU MAKE THE MOVE? OKAY, JOHN, SECOND IT. 
          OKAY, SO THIS OFFICER'S FOR CARD INC. 
          UH, SUBCHAPTER M AND SUBCHAPTER N UH, ALL IN FAVOR, A. 
          AYE. 
          ANY OPPOSED, ANY ABSTENTIONS? OKAY, OFFICER CANDIDATES ARE APPROVED IN ADDITION TO THESE VOTING ITEMS, THE, UH, COMMITTEE ALSO LOOK REVIEWED THE, UH, COMMITTEE CHARTERS, INCLUDING THE PROPOSED CHANGES TO THE TECHNOLOGY AND SECURITY COMMITTEE, UH, CHARTER THAT I THINK JOHN WILL TALK ABOUT LATER COMMITTEE, THE MEMBERSHIP AND THE ETHICS AGREEMENTS FOR THE DIRECTORS AND EMPLOYEES. 
          AND THAT CONCLUDES MY REPORT. 
          THANK YOU, CHAIR. 
          HE, UH, 
          [14.2 Finance and Audit (F&A) Committee]
NEXT WE'RE GOING TO, UH, HAVE AGENDA ITEM 14.2, THE FINANCE AND AUDIT COMMITTEE UPDATE, WHICH HAS TWO ASSOCIATED VOTING ITEMS. CHRIS RUMMEL, THE CHAIR OF THE FINANCE AND AUDIT COMMITTEE, WILL PROVIDE AN UPDATE ON WHAT THE COMMITTEE DISCUSSED YESTERDAY. 
          CHRIS. 
          THANK YOU CHAIRMAN FLORES. 
          MY REPORT AS FOLLOWS, UM, COMMITTEE MEMBERS VOTED 
          [Items 14.2.1 & 14.2.2]
TO RECOMMEND BOARD APPROVAL OF TWO ITEMS FOUND IN THE BOARD MATERIALS. 
          FIRST, THE FINANCIAL CORPORATE STANDARD, WHICH IS BOARD ITEM 1421. 
          WE MADE MINOR REVISIONS, UH, INVESTMENT CORPORATE STANDARD, WHICH IS BOARD ITEM 14.2. 
          POINT TWO IS THE SECOND. 
          THERE WERE NO CHANGES, AND THIS IS AN ANNUALLY REQUIRED REVIEW AND APPROVAL. 
          UH, SO CONSIDERING THE MINOR CHANGES AND, UH, AND NO CHANGES IN THESE DOCUMENTS ON BEHALF OF THE FINANCE AND AUDIT COMMITTEE, I, I MOVED TO, UH, FOR APPROVAL OF BOTH OF THESE DOCUMENTS AS THEY WERE APPROVED BY THE F AND A COMMITTEE PREVIOUSLY. 
          OKAY. 
          DO WE HAVE A SECOND? OKAY. 
          THANK YOU, BILL. 
          ALL IN FAVOR? AYE. 
          ANY OPPOSED? ANY ABSTENTIONS? OKAY. 
          THE NEW STANDARDS ARE APPROVED. 
          CONTINUE. 
          ALSO, THE COMMITTEE MEMBERS TOOK ONE VOTE THAT DOES NOT REQUIRE BOARD ACTION, BUT I THINK THE BOARD SHOULD BE AWARE. 
          WE APPROVED THE INTERNAL AUDIT DEPARTMENT CHARTER. 
          UM, THIS IS ALSO A REQUIRED PERIODIC REVIEW OF THE CHARTER. 
          UH, BEFORE CONVENING TO THE EXECUTIVE SESSION COMMITTEE, MEMBERS RECEIVED REGULAR REPORTS, A**L REVIEW OF THE F AND A, UH, COMMITTEE CHARTER. 
          THERE WERE NO CHANGES PROPOSED. 
          UH, ERCO T'S 2025 FINANCIAL SUMMARY. 
          THE PRELIMINARY UNAUDITED FINANCIAL RESULTS DO SHOW ERCO T'S 2025 REVENUES NET OF EXPENDITURES, UH, TO BE APPROXIMATELY $109.7 MILLION FAVORABLE TO THE BUDGET. 
          SO THE PRIMARY DRIVER OF THE FAVORABLE VARIANCE WAS HIGHER THAN BUDGETED INTEREST RATES, AS WE HAVE DISCUSSED BEFORE ON THE CRR AUCTION RECEIPTS. 
          SECONDARY DRIVERS INCLUDE AN UNBUDGETED LEGAL FEE RECOVERY, ALSO STAFFING MANAGEMENT AND, AND LOWER THAN FORECASTED PROJECT EXPENDITURES, PARTICULARLY BECAUSE THE ORGANIZATION FOCUSED INTENSIVELY ON THE RTC PLUS B PROJECT IN LIEU OF OTHERS. 
          IN TERMS OF INVESTMENT COMPLIANCE, ERCOT IS IN COMPLIANCE WITH ALL OF OUR INVESTMENT REQUIREMENTS IN TERMS OF DEBT COMPLIANCE. 
          ERCOT IS ALSO IN COMPLIANCE WITH ALL DEBT REQUIREMENTS, INCLUDING THE SECURITIZATION, UM, FUTURE COMMITTEE MEETING DATES AND AGENDA ITEMS. ONE ITEM I'D LIKE TO HIGHLIGHT FOR APRIL'S MEETING, THE COMMITTEE WILL MEET WITH THE EXTERNAL AUDITORS AND VOTE TO ACCEPT THE 2025 AUDITED FINANCIAL STATEMENTS. 
          MR. CHAIRMAN, THAT CONCLUDES MY REPORT. 
          OKAY, THANK YOU, CHAIR REMP. 
          UH, NEXT, 
          [14.3 Technology and Security (T&S) ]
UH, JOHN SWENSON, CHAIR OF THE TECHNOLOGY AND SECURITY COMMITTEE WILL PRESENT A AGENDA. 
          ITEM 14.3, THE TECHNOLOGY AND SECURITY, UH, COMMITTEE UPDATE, WHICH HAS ONE ASSOCIATED VOTING ITEM. 
          JOHN, PLEASE PROCEED WITH YOUR REPORT. 
          THANK YOU, CHAIR FLORES. 
          UM, WE MET YESTERDAY TO, UM, DISCUSS A NUMBER OF ITEMS WITH RESPECT TO FUTURE TECHNOLOGIES, PARTICULARLY BATTERY. 
          IT WAS OUR FIRST TOPIC, UM, AND WE HEARD FROM BOB HILTON WHO ORGANIZED IT ON BEHALF OF ENGIE. 
          UM, AND NARA MISRA AND MARK STOVER WERE THE GUEST SPEAKERS. 
          UM, VERY INTERESTING DISCUSSION ABOUT NOT ONLY HOW FAST BATTERY IS GROWING IN TEXAS, BUT ALSO HOW IT'S EVOLVING AND HOW THE TECHNOLOGY IS CONTINUING TO EXPAND. 
          UM, AND WE HAD QUITE A LOT OF DISCUSSION ABOUT LONGER DURATION BATTERIES AND WHERE THEY FIT AND WHAT TECHNOLOGIES THEY'RE USING. 
          UM, ALL OF WHICH WAS VERY ENCOURAGING. 
          SO WE'RE, IT'S SOMETHING WE'RE GONNA HAVE TO WATCH. 
          UM, IT'S, 
          [01:15:01]
IT'S, IT'S CLEAR THAT WE DON'T TODAY HAVE A PRODUCT, UH, THAT REALLY SUPPORTS LONG DURATION BATTERIES. 
          SO WE'RE GONNA HAVE TO DO SOME WORK TO FIGURE OUT, UM, WHAT, WHAT, MAYBE DRRS COULD BE THAT PRODUCT. 
          BUT WE, WE NEED, WE NEED A, A PRODUCT THAT REALLY WILL MAKE IT ECONOMIC FOR PEOPLE TO BUILD THESE OUT AND WE NEED A WAY TO, TO OPERATIONALLY MANAGE THEM. 
          UM, WE 
          [14.3.1 Revisions to Charter of the T&S  Committee ]
THEN HAD A DISCUSSION ABOUT OUR CHARTER. 
          UH, I THINK MOST OF YOU KNOW THAT WE'VE HAD ARTIFICIAL INTELLIGENCE AS IMPLICIT PART OF OUR CHARTER, UM, FOR SOME TIME. 
          BUT WE MADE THAT EXPLICIT. 
          AND, UH, AND THAT'S ACTUALLY THE RECOMMENDED, UH, APPROVAL THAT I'D LIKE TO BRING TO THE BOARD NOW, AND THAT IS TO APPROVAL OF A CHARTER, UM, ADDITION, UM, IN THE SAME VEIN AS THE OTHER ELEMENTS OF OUR CHARTER, WHICH ARE INFORMATION TECHNOLOGY, SECURITY AND, AND GRID RELIABILITY AND, AND, AND, UM, TECHNOLOGY. 
          SO, UM, IF I CAN MOVE, UM, THE APPROVAL OF THAT, MR. CHAIRMAN. 
          OKAY. 
          SO WE HAVE AN MOTION FROM TECHNOLOGY SECURITY COMMITTEE. 
          WE HAVE A SECOND FROM JULIE. 
          THANK YOU. 
          ALL IN FAVOR? AYE. 
          AYE. 
          ANY OPPOSED? ANY ABSTENTIONS? THE NEW TNS CHARTER IS APPROVED. 
          GREAT. 
          THE LAST ITEMS THAT WE D DISCUSSED WERE, WERE PROJECT RELATED AND IT PROJECT SPECIFICALLY, UM, DURING THE RTC PROCESS OR RTC PROJECT, IT CONSUMED A GREAT DEAL OF THE RESOURCE OF THE TECHNOLOGY TEAM. 
          NOW WE'RE PAST THAT. 
          WE STILL HAVE A TEAM WORKING ON IT AND WORKING ITS WAY THROUGH BUGS AND SOME ENHANCEMENTS THAT WE WANNA MAKE. 
          UM, BUT WE'RE SORT OF SHIFTING BACK TO MORE NORMAL BUSINESS OPERATIONS. 
          AND SO WE DISCUSSED WHAT SOME OF THOSE THINGS WERE, UH, SOME OF THE HIGH PRIORITY PROJECTS AND WE'LL BE CONTINUING TO MONITOR THOSE AS WE GO FORWARD. 
          UM, THAT CONCLUDES MY REPORT. 
          OKAY. 
          THANK YOU SHERIFF SWENSON, ANY QUESTIONS FOR JOHN OR FOR ANY OF THE COMMITTEE CHAIRS ON THEIR REPORTS I SHOULD HAVE ASKED AT THE END OF EACH COMMITTEE? OKAY. 
          I DON'T HEAR ANY. 
          SO WITH 
          [15. 2025 Internal Revenue Service Form  990 Questionnaire]
THAT, WE'LL MOVE TO AGENDA ITEM 15, THE INTERNAL REVENUE FORM NINE 90 QUESTIONNAIRE. 
          RICHARD SHIELD IS PRESENTING. 
          RICHARD, THIS IS OUR ANNUAL QUESTIONNAIRE THAT WE, UH, PROVIDE TO THE BOARD. 
          WE WILL HAVE THIS QUESTIONNAIRE PRESENTED SHORTLY TO THE BOARD. 
          THERE'S A LIST LIST OF THE 2025 CURRENT BOARD MEMBERS ON THE SECOND SLIDE THAT'LL NEED TO COMPLETE THE FORM. 
          UH, AS PER USUAL, WE ARE ALREADY WORKING ON THE IRS FORM NINE 90. 
          WE'LL HAVE THAT COMPLETE, UH, AND READY FOR PRELIMINARY REVIEW BY THE BOARD AT THE JUNE BOARD MEETING. 
          AND THEN WE'LL FILE A, UH, AFTER REVIEW BY OUR EXTERNAL ACCOUNTANTS, UH, BEFORE THE NOVEMBER DUE DATE. 
          IF YOU HAVE ANY QUESTIONS ON THAT, PLEASE LET ME KNOW. 
          IF YOU HAVE QUESTIONS ON THE ACTUAL QUESTIONNAIRE ITSELF, UH, THOSE CAN BE DIRECTED TO, UH, BRENT ELL. 
          OKAY. 
          ANY QUESTIONS FOR RICHARD? SO BE LOOKING FOR, UH, THIS IN YOUR EMAIL, UH, IN THE NEXT FEW DAYS. 
          THE LAST ITEM IS AGENDA ITEM FOR THIS, UH, PART OF THE MEETING IS AGENDA ITEM 16. 
          OTHER BUSINESSES OR ANY OTHER BUSINESS THAT ANY OTHER BOARD MEMBER WISHES TO RAISE AT THIS POINT DON'T SEE ANY. 
          SO AT THIS TIME, THE BOARD 
          [Convene Executive Session ]
WILL ADUR ADJOURN GENERAL SESSION AND CONVENE AN EXECUTIVE SESSION. 
          FOLLOWING EXECUTIVE SESSION, THERE WILL BE SEVERAL VOTING ITEMS ANTICIPATED, UH, DURING THAT, UH, RECONVENING. 
          SO GENERAL SESSION WILL RECONVENE AT THE CONCLUSION OF THE EXECUTIVE SESSION. 
          GENERAL SESSION OF THE ERCOT BOARD OF DIRECTORS MEETING IS NOW RECESSED AND THE WEBCAST WILL BE CONCLUDED. 
          CHAIR GLEASON, THIS MEETING, THE PUBLIC UTILITY COMMISSION OF TEXAS WILL STAND IN RECESS. 
          OKAY. 
          WE WILL TAKE A, UH, SHORT FIVE MINUTE BREAK WHILE WE RECONFIGURE FOR EXECUTIVE SESSION. 
          OKAY. 
          ALL RIGHT. 
          I 
          [Reconvene General Session]
HEREBY RECONVENE THIS MEETING OF THE ERCOT BOARD OF DIRECTORS. 
          I'VE CONFIRMED THAT QUORUM IS PRESENT. 
          UH, THIS MEETING IS BEING WEBCAST LIVE TO THE PUBLIC ON ERCOT WEBSITE. 
          UH, WE HAVE SEVERAL VOTING 
          [17.  Vote on Matters from Executive Session]
ITEMS FOR AGENDA ITEMS 17 VOTE ON THE MATTERS FROM EXECUTIVE SESSION. 
          I'LL ENTERTAIN A MOTION FOR BOARD APPROVAL OF THE PERSONNEL MATTERS DISCUSSED DURING EXECUTIVE SESSION. 
          UNDER AGENDA ITEMS ES 2.1 THROUGH 2.6. 
          SO MOVED. 
          IS THERE A SECOND? OKAY. 
          SECOND FOR CHRIS AND JOHN. 
          OKAY. 
          ALL IN FAVOR? AYE. 
          ANY OPPOSED? ANY ABSTENTIONS? THOSE MATTERS ARE APPROVED. 
          THIS MEETING OF ERCOT BOARD OF DIRECTORS IS NOW ADJOURNED AND THE WEBCAST WILL BE CONCLUDED.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.