Issues

PRR681

Summary
Action
Voting Record
Background
Key Documents

Summary

Title	Discontinuation of Interest Charge for Defaulting Entities at Time of Uplift
Next Group
Next Step
Status	Approved on 12/12/2006
Effective Dates	01/01/2007

Action

Date	Gov Body	Action Taken	Next steps
12/12/2006	BOARD	Approved
11/02/2006	TAC	Recommended for Approval	BOD consideration
10/19/2006	PRS	Recommended for Approval	TAC consideration
09/21/2006	PRS	Recommended for Approval	Review of Impact Analysis (and CBA as Appropriate)

Date

Gov Body

Action Taken

Next steps

12/12/2006

BOARD

Approved

11/02/2006

TAC

Recommended for Approval

BOD consideration

10/19/2006

PRS

Recommended for Approval

TAC consideration

09/21/2006

PRS

Recommended for Approval

Review of Impact Analysis (and CBA as Appropriate)

Voting Record

Date	Gov Body	Motion	Result
12/12/2006	BOARD	To approve as recommended by TAC.	Passed
11/02/2006	TAC	To recommend approval of PRR681 as recommended by PRS.	Passed
10/19/2006	PRS	To recommend approval of Recommendation Report and IA	Passed
09/21/2006	PRS	To recommend approval of PRR681 as submitted.	Passed

Date

Gov Body

Motion

Result

12/12/2006

BOARD

To approve as recommended by TAC.

Passed

11/02/2006

TAC

To recommend approval of PRR681 as recommended by PRS.

Passed

10/19/2006

PRS

To recommend approval of Recommendation Report and IA

Passed

09/21/2006

PRS

To recommend approval of PRR681 as submitted.

Passed

Background

Status:	Approved
Date Posted:	Aug 10, 2006
Sponsor:	LCRA
Urgent:	No
Sections:	9.4.4, 9.4.6
Description:	This PRR allows ERCOT to cease the calculation of interest (Late Fees) for defaulting entities when the conditions initiating uplift are met. Late Fee calculations will continue for Short paying entities until uplift conditions are met.
Reason:	Currently, the Interest is calculated on any unpaid balance. At 180 days ERCOT must uplift the total short pay amount, excluding late fees. The protocols state that late fees are not uplifted therefore the late fees are continually being compounded. At the time when uplift conditions are met the interest calculation should be discontinued.