Electric Reliability Council of Texas (ERCOT)

WMS Subgroup: CRR Credit Policy Task Force

March 26, 2008
9:30 AM - 3:30 PM		 RSVP: Sheila Letkeman
ERCOT Austin Room 211
7620 Metro Center Dr.
Austin, TX 78744
Dial-In: TBA
Dial-In Code: TBA
Teleconference: 1-866-469-3239
Meeting number: 358 453 444
Meeting password: CRR123!!
Agenda

1.

   Review CRR Collateralization Once Owned

 

 

 

 
  • Flat fee + historic valuation tool

 

 

 
  • Historical vs. Forward pricing

 

 

 
  • Mechanisms to assess future value

 

 

 
  • Risks and implementation

 

 

2.

    Review CRR Auction collateralization

 

 

 

 
  • Match margin requirements "once owned" so no disconnect exists

 

 

 
  • Proposal to include valuation within CCR auction budget constraint

 

 

 

 

 

 

3.

   Review Process for Allocating Default

 

 

 

 
  • Market implications (likelihood of impact on DAM)

 

 

 
  • CRR revenue Adequacy in DAM vs DAM Balancing Account

 

 

Future Meetings