1. Leadership Reorganization December 2014

2. 2 Key elements Recognizes IT’s critical role Centralizes Operations Coordinates compliance Centralizes the operations functions of the business under a single executive reporting to the CEO. The Chief Operations Officer (COO) structure will enhance communications between the operations of ERCOT’s four core functions (reliability, markets, settlements, retail choice). Recognizes the critical role of information technology in the delivery of ERCOT’s four core functions, and the natural links between the delivery of major projects and management of data centers within the IT organization that supports successful development and implementation. Coordinates strategic planning and corporate compliance work by consolidating corporate governance, risk, and compliance (GRC) functions into a single organization that will integrate all of ERCOT compliance (including internal controls and NERC/Protocols), legal, risk management, business continuity, cyber and physical security, and strategic planning activities. Focuses corporate areas Focuses Vice-President-level direct responsibility to the CEO in three specialized corporate areas: Human Resources, Finance, and External Affairs & Corporate Communications. Highlights major functions Establishes Senior VP positions to oversee the major functions of the organization, and streamlines the number of direct reports to the CEO.

3. 3 Organizational structure Effective January 1, 2015 CEO Trip Doggett SVP – GC & GRC Bill Magness SVP and CIO Jerry Dreyer SVP and COO Brad Jones VP and CFO Mike Petterson VP – Human Resources Diane Williams VP – Governance, Risk & Compliance Betty Day Chief of Staff Jeyant Tamby VP – External Affairs & Corporate Communications Theresa Gage CCO and Executive Advisor Chuck Manning VP – Grid Planning and Operations Ken McIntyre Commercial Operations Open