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NPRR1033
Summary
| Title | Clarification of Financial Security Interest Payment and Withholding Processes Upon Termination of Market Participant Standard Form Agreement |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 10/13/2020 |
| Effective Dates |
11/01/2020
|
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 10/13/2020 | BOARD | Approved | |
| 09/23/2020 | TAC | Recommended for Approval | Revision Request Consideration |
| 09/10/2020 | PRS | Recommended for Approval | Revision Request Consideration |
| 08/13/2020 | PRS | Recommended for Approval | Impact Analysis Consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 10/13/2020 | BOARD | to approve NPRR1033 as recommended by TAC in the 9/23/20 TAC Report | Passed |
| 09/23/2020 | TAC | to recommend approval of NPRR1033 as recommended by PRS in the 9/10/20 PRS Report | Passed |
| 09/10/2020 | PRS | to endorse and forward to TAC the 8/13/20 PRS Report and the Impact Analysis for NPRR1033 | Passed |
| 08/13/2020 | PRS | to recommend approval of NPRR1033 as submitted | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Jul 20, 2020 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.3, 16.11.7 |
| Description: | This Nodal Protocol Revision Request (NPRR) specifies that ERCOT will not pay interest on Cash Collateral (a form of Financial Security, as defined in Protocol Section 16.11, Financial Security for Counter-Parties) when a Market Participant’s Standard Form Market Participant Agreement (“SFA”) has been terminated and ERCOT has determined that Financial Security is no longer needed to cover potential future obligations of the terminated Market Participant. In addition, this NPRR clarifies ERCOT’s processes for holding Financial Security of a terminated Market Participant and specifies the amount of Financial Security that ERCOT will hold following termination of a Market Participant’s SFA. |
| Reason: |
Key Documents
Jul 20, 2020 - doc - 54.5 KB
Aug 18, 2020 - xls - 100.5 KB
Aug 18, 2020 - docx - 46.4 KB
Sep 15, 2020 - xls - 100.5 KB
Sep 15, 2020 - docx - 46.7 KB
Sep 29, 2020 - xls - 101 KB
Sep 29, 2020 - docx - 46.6 KB
Oct 16, 2020 - docx - 46.8 KB