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NPRR017

Summary

Title: Discontinuation of Interest Charge for Defaulting Entities at Time of Uplift
Next Group:
Next Step:
Status: Approved on 10/17/2006
Effective Dates:
12/01/2010

or per the Nodal Protocol Transition Plan http://www.ercot.com/mktrules/protocols (11/01/06 Nodal Protocols Library)

Action

Date Gov Body Action Taken Next Steps
06/28/2007 TAC
06/12/2007 PRS Recommended for Approval TAC review of Baseline 1 Group 1 Impact Analysis
10/17/2006 BOARD Approved Effective Upon Texas Nodal Market Implementation
10/06/2006 TAC Recommended for Approval Board consideration
09/21/2006 PRS Recommended for Approval TAC consideration

Voting Record

Date Gov Body Motion Result
06/28/2007 TAC No Action.
06/12/2007 PRS To endorse the B1G1 IAs and forward the documents to TAC. Passed
10/17/2006 BOARD To approve as recommended by TAC.
10/06/2006 TAC To recommend approval of NPRR017 as recommended by PRS. Passed
09/21/2006 PRS To recommend approval as revised by ERCOT Staff comments. Passed

Vote tallies here reflect individual votes, not the weight of the votes by market segment. Affirmative votes are not recorded in these vote tallies. For additional details on the voting record, please consult the Recommendation or Action Report, or the official vote tally if available, as posted in the key documents.

Background

Status: Approved
Date Posted: Aug 10, 2006
Sponsor: TXU Energy
Urgent: No
Sections: 9.7.3, 9.7.5
Description: This PRR allows ERCOT to cease the calculation of interest (Late Fees) for defaulting entities when the conditions initiating uplift are met. Late Fee calculations will continue for Short paying entities until uplift conditions are met.
Reason: Currently, the Interest is calculated on any unpaid balance. At 180 days ERCOT must uplift the total short pay amount, excluding late fees. The protocols state that late fees are not uplifted therefore the late fees are continually being compounded. At the time when uplift conditions are met the interest calculation should be discontinued. This NPRR will mirror the PRR of the same title.

Key Documents

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