PRR638

Title:	Change Settlement Invoice Due Date from 16 Calendar Days to Five Business Days
Next Group:
Next Step:
Status:	Approved on 02/21/2006
Effective Date:	04/01/2006

Date	Gov Body		Next Steps
02/21/2006	Board of Directors	Approved
02/02/2006	TAC	Recommended for Approval
01/12/2006	TAC	Recommended for Approval
12/16/2005	PRS	Recommended for Approval
11/17/2005	PRS	Recommended for Approval	12/16/05 PRS IA Review

Date	Gov Body	Motion	Result	Against	Abstentions
02/21/2006	Board of Directors	Approval of PRR638 as recommended by TAC	Passed
02/02/2006	TAC	Recommended that the effective date of PRR638 be changed from March 1, 2006 to April 1, 2006 as recommended by COPS	Passed
01/12/2006	TAC	Recommend approval of PRR638 as submitted	Passed
12/16/2005	PRS	Recommend approval with ERCOT revisions	Passed
11/17/2005	PRS	Recommend approval of PRR638 as revised by PRS and accept ERCOTā??s comments	Passed	0	0

Status:	Approved
Date Posted:	10/04/2005
Sponsor:	COPS
Urgent:	No
Sections:	9.3
Description:	Changes the Settlement Invoice Due Date from sixteen (16) calendar days to five (5) Business Days. NOTE: There is no change to Protocol Sections 9.4.1 (2) and 9.4.3; that is, ERCOT payments occur on the next Business Day following the QSE payment date.
Reason:	Reduce credit exposure.