1.

Antitrust Admonition

K. Ögelman

9:30 a.m.

2.

ERCOT Board Update

K. Ögelman

9:35 a.m.

3.

Approval of Draft June 7, 2012 TAC Meeting Minutes (Vote)

K. Ögelman

9:40 a.m.

4.

Protocol Revision Subcommittee Report

• Nodal Protocol Revision Requests (NPRRs) (Vote):

o   NPRR416, Creation of the RUC Resource Buyback Provision (formerly "Removal of the RUC Clawback Charge for Resources Other than RMR Units")

o   NPRR436, Clarify the Use of the Defined Term Season and Its Derivatives

o   NPRR438, Additional Minimum Counter-Party Qualification Requirements, Including Risk Management Capability Requirements

o   NPRR455, CRR Shift Factors Report

o   NPRR458, Establishment of ERCOT’s Central Counterparty Role

o   NPRR459, Better Matching Forward Collateralization with Forward Risk in the Real-Time Market - Urgent

o   NPRR462, Removal of Consumer Benefit Test from the ERCOT Planning Criteria

o   NPRR468, Alignment of System-Wide Offer Cap and Scarcity Pricing Mechanism Language with PUCT Substantive Rules - Urgent

o   NPRR469, Modification to CCTs - Urgent

• Revisions to Other Binding Documents List (Vote):

o   Addition of Procedure for Setting Forward Risk Multiplier (NPRR459)

o   Addition of System-Wide Offer Cap and Scarcity Pricing Mechanism Methodology (NPRR468)

T. Burke

9:45 a.m.

5.

Reliability and Operations Subcommittee Report *

• NOGRR086, Clarification of Seasonal Unit Capability Testing Requirements (Vote)
• NOGRR089, Clarification of Responsibilities for Black Start Resources and QSEs (Vote)
• NOGRR095, Type 2 Special Protection System Submissions (Vote)
• NOGRR099, SPS Procedure Changes for Consistency with NERC Reliability Standards Urgent (Vote)
• PGRR019, New Section 1, Overview (Vote)

B. Williams

11:15 a.m.

6.

Commercial Operations Subcommittee Report*

H. Basaran

11:30 a.m.

7.

Wholesale Market Subcommittee Report*

• Protocol Section 4.4.10, Credit Requirement for DAM Bids and Offers, Required Annual Review of DAM Credit Parameters (Vote)

E. Goff

11:35 a.m.

8.

Retail Market Subcommittee Report*

• RMGRR109, Updates to the Process for Removal of a Switch Hold for Premises with a Continuous Service Agreement (Vote)

R. Bevill

11:45 a.m.

9.

Market Enhancements Task Force Report*

• TAC Instructions (Possible Vote)

J. Mickey

K. Ögelman

11:50 a.m.

10.

ERCOT Operations, Planning, and IT Report

ERCOT

12:00 p.m.

11.

Other Business

• Other Binding Document: Methodology for Setting Maximum Shadow Prices for Network and Power Balance Constraints (Possible Vote)
• Future Agenda Items
  • Annual TAC and TAC Subcommittee Structure Review

K. Ögelman

12:05 p.m.

Adjourn

12:30 p.m.