Issues

PRR679

Summary
Action
Voting Record
Background
Key Documents

Summary

Title	Revision to NLRI Formula and Other Credit Requirements
Next Group
Next Step
Status	Approved on 01/16/2007
Effective Dates	02/01/2007

Action

Date	Gov Body	Action Taken	Next steps
01/16/2007	BOARD	Approved
12/01/2006	TAC	Recommended for Approval	Board consideration
11/16/2006	PRS	Recommended for Approval	TAC consideration
09/21/2006	PRS	Recommended for Approval	Impact Analysis review

Date

Gov Body

Action Taken

Next steps

01/16/2007

BOARD

Approved

12/01/2006

TAC

Recommended for Approval

Board consideration

11/16/2006

PRS

Recommended for Approval

TAC consideration

09/21/2006

PRS

Recommended for Approval

Impact Analysis review

Voting Record

Date	Gov Body	Motion	Result
01/16/2007	BOARD	To approve as recommended by TAC.	Passed
12/01/2006	TAC	To recommend approval of PRR679 as recommended by PRS.	Passed
11/16/2006	PRS	To recommend approval of PRR679 as revised by comments submitted by the Credit WG and NRG Texas. PRS also voted to endorse the IA.	Passed
09/21/2006	PRS	To recommend approval as submitted.	Passed

Date

Gov Body

Motion

Result

01/16/2007

BOARD

To approve as recommended by TAC.

Passed

12/01/2006

TAC

To recommend approval of PRR679 as recommended by PRS.

Passed

11/16/2006

PRS

To recommend approval of PRR679 as revised by comments submitted by the Credit WG and NRG Texas. PRS also voted to endorse the IA.

Passed

09/21/2006

PRS

To recommend approval as submitted.

Passed

Background

Status:	Approved
Date Posted:	Aug 1, 2006
Sponsor:	Credit Working Group
Urgent:	No
Sections:	16.2.7.4, 16.2.8, 16.2.9, 16.2.9.1, 16.2.9.1.1, 16.2.9.1.2, 6.2.9.1.3, 16.2.9.1.4,
Description:	Several changes are proposed, with the three primary changes being: (1) Change the formula for Net Load Imbalance Liability and Net Resource Imbalance Liability (NLRI) to better match with Nodal formula “ perform calculation on a more detailed level using entity specific pricing rather than WA_MCPE pricing (2) Require/allow ERCOT to withhold payment from entities that have exceeded their EAL or NLRI. (3) Address request by RMS/Texas Set to add requirement that QSEs (that are LSEs) and are in Payment Default to provide ESID information on their customers
Reason:	1) Changes are proposed to make the NLRI calculation more consistent with the Nodal formula. 2) and 3) Changes are proposed to strengthen ERCOT™s position by holding payments, if needed and by obtaining customer information more timely, if needed