PRR817

Title:	Cease Late Payment Charges for Defaulted Entities
Next Group:
Next Step:
Status:	Approved on 10/20/2009

Date	Gov Body		Next Steps
10/20/2009	Board of Directors	Approved
09/03/2009	TAC	Recommended for Approval	BOD consideration
08/25/2009	PRS	Recommended for Approval	TAC consider the PRS Recommendation Report and IA
07/23/2009	PRS	Recommended for Approval	PRS consider Recommendation Report and Impact Analysis
			PRS consideration

Date	Gov Body	Motion	Result
10/20/2009	Board of Directors	Approved PRR817 as recommended by TAC in the 9/3/09 TAC Recommendation Report.	Passed
09/03/2009	TAC	To recommend approval of PRR817 as recommended by PRS in the 8/25/09 PRS Recommendation Report.	Passed
08/25/2009	PRS	To endorse and forward the 7/23/09 PRS Recommendation Report and Impact Analysis for PRR817 to TAC.	Passed
07/23/2009	PRS	To recommend approval of PRR817 as submitted.	Passed

Status:	Approved
Date Posted:	06/25/2009
Sponsor:	Cheryl Yager on behalf of ERCOT
Urgent:	No
Sections:	9.4.4, Partial Payments
Description:	This Protocol Revision Request (PRR) modifies language to: 1) Enable ERCOT to cease charging late fees to defaulting Entities prior to the initiation of the Uplift process, provided that ERCOT has determined that the recovery of late fees from the defaulting Entity is unlikely; and 2) Clarify how much security may be held back to be used to pay minor Final, True Up and other Invoices as they come due to reduce the administrative burden to the ERCOT market of processing short payments.
Reason:	The changes noted above will reduce the administrative burden to the ERCOT market of processing short payments and will streamline the Uplift process. Additionally, the Nodal Protocols already allow ERCOT to discontinue late charges and this will conform current Protocols to Nodal Protocols.