Issues

PRR667

Title	RPRS Uplift Charge and Under Scheduled Charge Correction
Next Group
Next Step
Status	Rejected on 05/24/2006

Date	Gov Body	Action Taken	Next steps
07/06/2006	TAC	Rejected	Board notification
06/22/2006	PRS	Recommended for Approval	Consideration by TAC
05/24/2006	PRS	Rejected	Initial Language Review

Date

Gov Body

Action Taken

Next steps

07/06/2006

TAC

Rejected

Board notification

06/22/2006

PRS

Recommended for Approval

Consideration by TAC

05/24/2006

PRS

Rejected

Initial Language Review

Date	Gov Body	Motion	Result
07/06/2006	TAC	Recommend approval of PRR667 as submitted by PRS.	Failed
06/22/2006	PRS	Recommend approval as revised by Constellation's comments.	Passed
05/24/2006	PRS	Motion to grant urgent status	Failed

Date

Gov Body

Motion

Result

07/06/2006

Recommend approval of PRR667 as submitted by PRS.

Failed

06/22/2006

Recommend approval as revised by Constellation's comments.

Passed

05/24/2006

Motion to grant urgent status

Failed

Status:	Rejected
Date Posted:	May 22, 2006
Sponsor:	Constellation Energy
Urgent:	Yes
Sections:	6.6.3.2.1, Specific Procurement Process Requirements for Replacement Reserve Service in the Adjustment Period; 6.9.2.1, Settlement for RPRS
Description:	This PRR will correct an over collection and inequitable negative uplift charge, aligning RPRS payments with RPRS procurement costs.
Reason:	When ERCOT procures PCRP, it collects more payments then are required to pay resources for the procurements, then uplifts the excess revenue collected on a load ratio share. This presents a gaming opportunity. This PRR fixes this issue and eliminates the ability to game the market due to over-collections period.