PRR681

Title:	Discontinuation of Interest Charge for Defaulting Entities at Time of Uplift
Next Group:
Next Step:
Status:	Approved on 12/12/2006
Effective Date:	01/01/2007
Related Issue:	NPRR017

Date	Gov Body		Next Steps
12/12/2006	Board of Directors	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)
09/21/2006	PRS		Language review

Date	Gov Body	Motion	Result	Against	Abstentions
12/12/2006	Board of Directors	To approve as recommended by TAC.	Passed	0	0
11/02/2006	TAC	To recommend approval of PRR681 as recommended by PRS.	Passed	0	0
10/19/2006	PRS	To recommend approval of Recommendation Report and IA	Passed	0	0
09/21/2006	PRS	To recommend approval of PRR681 as submitted.	Passed		1 IG

Status:	Approved
Date Posted:	08/10/2006
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.