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Joint CWG/MCWG Meeting

March 30, 2011
09:00 AM - 04:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206B
Teleconference: 866-469-3239
Meeting number: 350 855 373
Meeting password: Cwg*3.30

Agenda

1

Open Meeting

A Spangler/T Coffing

9:00 a.m.

2

Antitrust Admonition

V Spells

9:00-9:05 a.m.

3

Approval of minutes from Jan 26, Feb 23, March 10 meetings (vote)

A Spangler

9:05-9:10 a.m.

4

Review NPRRs (vote)

V Spells

9:10-9:20 a.m.

5

DAM Collateral Parameters Process document (potential vote)

C Yager

9:20-9:50 a.m.

6

Feedback from F & A Meeting and NPRR 323 Progress Report

C Yager/T Nikazm

9:50-10:00 a.m.

7

ERCOT Abacus update

  • Short PMTs & Uplift estimate
  • PUL update

C Yager

10:00-10:15 a.m.

8

ERCOT Legal update

  • Letter of Credit & Guarantee forms
  • Discussion of CFTC Exemption issues, including Central Counter-Party

C Seely/M Morais

10:15-11:15 a.m.

9

ERCOT Invoice cycle update & RTL update

  • 9 day cycle
    • NPRR tabled
    • SEWG request MCWG feedback
  • 10 day cycle NPRR update (APR PRS)
    • SEWG request urgent status
  • Evaluate load imbalance estimates

C Yager/M Bauld/L Martin

11:15-12:00 p.m.

 

Working lunch

 

12:00-12:15 p.m.

10

NASDAQ OMX presentation

T Nikazm

12:15-1:15 p.m.

11

WMS request Review of Balance of Term CRR Auction

  • Evaluate A, M, X, Y
  • Collateral requirements
  • Default risk
  • Path & Product considerations
    • OPTs & OBLs
    • Res-Res, Res-Hub, Res-Zone, Hub-Zone, Hub-Hub

T Coffing

1:15-2:15 p.m.

12

Forward risk

  • Cure period/PMT Breach period reduction
  • DALE: Recognize offsetting CRRs
  • Mass Transition timeline
  • Minimum collateral requirements
  • ADTE decreases

T Coffing/C Yager

2:15-3:45 p.m.

13

New Business

A Spangler/T Coffing

3:45-4:00 p.m.

 

Adjourn Meeting

A Spangler/T Coffing

4:00 p.m.

Scheduled mcwg Meetings

Key Documents

CWG Minutes of Meeting Jan 26 2011 draft
Item 3 - CWG Meeting Minutes
Mar 29, 2011 - pdf - 34.2 KB
CWG Minutes of Meeting Feb 23 2011 draft (2)
Item 3 - CWG Meeting Minutes
Mar 28, 2011 - pdf - 28.8 KB
CWG Minutes of Meeting Mar 10 2011 draft
Item 3 - CWG Meeting Minutes
Mar 29, 2011 - pdf - 22.3 KB
Item 4 - NPRRs
CWG Meeting Materials
Mar 28, 2011 - pdf - 65.4 KB
Credit WG - NPRRs
Item 4 - NPRRs
Mar 29, 2011 - zip - 312.4 KB
Mar 28, 2011 - pdf - 50 KB
Item 8 - CFTC discussion items_final
CWG Meeting Materials
Mar 29, 2011 - ppt - 209.5 KB
Mar 29, 2011 - ppt - 1.2 MB

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