PRR646

Title:	Establish a Floor for Responsive Reserve Service Bids
Next Group:
Next Step:	Filing at the PUCT
Status:	Approved on 01/17/2006
Effective Date:	02/01/2006

Date	Gov Body		Next Steps
01/17/2006	Board of Directors	Approved	Filing at the PUCT
01/12/2006	TAC	Recommended for Approval
01/12/2006	TAC		Review
12/16/2005	PRS	Recommended for Approval	TAC E-mail Vote
12/16/2005	PRS		December PRS - Initial review and IA review

Date	Gov Body	Motion	Result	Against	Abstentions
01/17/2006	Board of Directors	Approval of PRR646 as revised by the Board.	Passed	2	1
01/12/2006	TAC	Recommend approval by TAC as submitted by PRS.	Passed	3	5
01/12/2006	TAC	Recommend approval of PRR646 (12/27/05 email vote)	Failed	3 Co-op, Consumer, and Ind. Power Marketer	1 Ind. Power Marketer
12/16/2005	PRS	Motion to recommend approval with a floor of negative $1,000.	Passed		2 Independent Generator Segment
12/16/2005	PRS	Grant urgent status	Passed	0	0

Status:	Approved
Date Posted:	11/29/2005
Sponsor:	Credit Working Group
Urgent:	Yes
Sections:	4.4.11
Description:	Revise 4.4.11 so that all bids to provide Responsive Reserve Service (RRS), have bid prices equal to or greater than $0.
Reason:	Recently, the LaaR portion of the bid stack is ranging from $0 to -$17,500 per MW. There is a potential that the current negative prices could be used to clear the market. This could result in potential large credit exposure in the ERCOT Region.