Market Information System Grid and Market Conditions

NPRR867

Summary

Title: Revisions to CRR Auction Credit Lock Amount to Reduce Excess Collateral
Next Group:
Next Step:
Status: Approved on 06/12/2018

Action

Date Gov Body Action Taken Next Steps
06/12/2018 Board of Directors Approved
05/24/2018 TAC Recommended for Approval Revision Request Consideration
05/10/2018 PRS Recommended for Approval Revision Request Consideration
04/12/2018 PRS Recommended for Approval Impact Analysis Consideration

Voting Record

Date Gov Body Motion Result
06/12/2018 Board of Directors To approve NPRR867 as recommended by TAC in the 5/24/18 TAC Report. Passed
05/24/2018 TAC To recommend approval of NPRR867 as recommended by PRS in the 5/10/18 PRS Report. Passed
05/10/2018 PRS To endorse and forward to TAC the 4/12/18 PRS Report and the Impact Analysis for NPRR867 with a recommended priority of 2018 and rank of 580. Passed
04/12/2018 PRS To recommend approval of NPRR867 as submitted. Passed

Vote tallies here reflect individual votes, not the weight of the votes by market segment. Affirmative votes are not recorded in these vote tallies. For additional details on the voting record, please consult the Recommendation or Action Report, or the official vote tally if available, as posted in the key documents.

Background

Status: Approved
Date Posted: 02/27/2018
Sponsor: Credit Work Group
Urgent: No
Sections: 16.11, 16.11.4.6.1
Description: This Nodal Protocol Revision Request (NPRR) changes the amount of each Counter Party’s Available Credit Limit (ACL) locked for Congestion Revenue Rights (CRR) Auctions during the duration of the auction process so that it is capped at the pre-auction screening credit exposure amount.
Reason: Market efficiencies or enhancements

Key Documents