PRR712

Title:	Local Congestion Replacement Reserve Payment Methodology
Next Group:
Next Step:
Status:	Withdrawn on 08/02/2007

Date	Gov Body		Next Steps
08/02/2007	TAC	Withdrawn
06/21/2007	PRS	Referred	TAC consideration of Request for Withdrawal
05/04/2007	TAC	Remanded	Resolution of issues raised by TAC
04/20/2007	PRS	Recommended for Approval	TAC consideration
04/20/2007	PRS	Recommended for Approval	Review of IA and Recommendation Report
03/22/2007	PRS	Recommended for Approval	Review of Impact Analysis
03/22/2007	PRS		PRS consideration

Date	Gov Body	Motion	Result	Against	Abstentions
08/02/2007	TAC	To approve the Request for Withdrawal of PRR712.	Passed	0	0
06/21/2007	PRS	To recommend granting the request to withdraw PRR712.	Passed	0	0
05/04/2007	TAC	To remand PRR712 to PRS to consider the profit potential on the Settlement of OOMC and other issues.	Passed	1 IPM	1 IG
04/20/2007	PRS	To approve this Recommendation Report and forward the Report and IA to TAC.	Passed	1 Consumer	1 IOU
04/20/2007	PRS	To approve this Recommendation Report and forward the Report and IA to TAC.	Passed	1 IPM	1 IOU
03/22/2007	PRS	Recommend approval of PRR712 as amended by ERCOT, Constellation, and PRS.	Passed	4 IG (2), IOU, and IPM	4 MOU (2), IOU, and Consumer.

Status:	Withdrawn
Date Posted:	02/19/2007
Sponsor:	WMS
Urgent:	No
Sections:	6.6.3.2.1, Specific Procurement Process Requirements for Replacement Reserve Service in the Adjustment Period; 6.8.1.11, Local Congestion Replacement Reserve Payment to QSE; 6.8.2.2, Capacity and Minimum Energy Payments
Description:	This PRR modifies the Local Congestion Replacement Reserve Service (RPRS) payment methodology to be identical to that of the Out-of-Merit Capacity (OOMC) payment methodology, as described in Section 6.8.2 .2, Capacity and Minimum Energy Payments. This PRR also includes a “Max” function in the equation of startup payments in case there is a delay in the implementation of PRR676, RPRS Solution with Nodal RUC-Type Procurement and Cost Allocation.
Reason:	The revision ensures that the settlement of Resources that provide Local Congestion RPRS include a “claw-back” provision in the calculation of the Start-Up payment and for any excess funds paid to the Qualified Scheduling Entity (QSE) representing the Resource if the unit remains online three hours after the end of the instruction period.