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Joint Credit Working Group (CWG)/Market Credit Working Group (MCWG) Meeting

April 25, 2012
09:00 AM - 04:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206B
Teleconference: 877-668-4493
Meeting number: 654 063 351
Meeting password: CWGMCWG123

Agenda

 

Open Meeting

T Nikazm/M Holler

9:00 a.m.

1

Antitrust Admonition

V Spells

9:00 - 9:05

2

Approval of minutes from March 28  (vote)

T Nikazm

9:05 - 9:10

3

Update from F&A meeting

T Nikazm

9:10 - 9:20

4

Recommendation for CWG Vice Chair (vote)

T Nikazm

9:20 - 9:30

5

Review of NPRRs for credit implications (vote)

V Spells

9:30 - 9:45

6

Review CWG Comments on NPRR 438: Additional Minimum Counter-Party Qualification Requirements, Including Risk Management Capability Requirements  (vote)

M Ruane

9:45 - 10:45

7

Review NPRR 458: Establishment of ERCOT’s Central Counterparty Role (vote)

C Seely

10:45 - 11:00

8

Review  Creditworthiness Standards (vote)

M Holler

11:00 - 11:45

 

 Lunch

 

 11:45 - 1:00 p.m. 

9

Review Day Ahead Market (DAM) Collateral Parameters Process (vote)                      (Consider impact of Credit Requirements in light of Power Balance Penalty Curve Modifications)

E Goff

 

 

  1:00 - 2:00

10

Impact of Credit Requirements in light of Power Balance Penalty Curve Modifications

E Goff

2:00 - 2:30

11

Review NPRR 347/400 Implementation timeline

S Pabbisetty

2:30 - 2:45

12

Update on CRR Rolling Auction discussions

S Cochran

2:45 - 2:55

13

New Business

T Nikazm/M Holler

2:55 - 3:15

 

Adjourn Meeting

T Nikazm/M Holler

3:15

Scheduled mcwg Meetings

Key Documents

Apr 27, 2012 - xls - 15.2 MB
Item 10A ADTE Impact
CWG_2012_0425_ADTE impact
Apr 23, 2012 - ppt - 254 KB
Item 11 NPRR 347_400 Implementation Timeline
CWG_2012_0425_NPRR 347_400 Implementation Timeline
Apr 23, 2012 - ppt - 163 KB
Item 2 CWG Minutes of Meeting
CWG Minutes of Meeting Mar 28 2012 draft
Apr 23, 2012 - doc - 77 KB
Item 6 NPRR438 Minimum CP Qualification
438NPRR-01_Additional_Minimum_Counter-Party_Qualification
Apr 24, 2012 - doc - 158 KB
Item 7 ERCOT as Central Counterparty
458NPRR-03_PRS_Report_041912
Apr 23, 2012 - doc - 527.5 KB
Item 9A DAM Credit Requirements - NRG
Procedures_for_Setting_Nodal_DAM_Credit_Requirement_Parameters_NRG
Apr 23, 2012 - doc - 45.5 KB
Item 9B DAM Credit Requirements - NRG w ERCOT
Procedures for Setting Nodal DAM Credit Requirement Parameters_NRG_w/_ERCOT Comments
Apr 23, 2012 - doc - 49.5 KB

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