Title Elimination of Unsecured Credit Limits
Next Group
Next Step
Status Approved on 09/15/2022
Effective Dates


Date Gov Body Action Taken Next Steps
09/15/2022 PUCT Approved
08/16/2022 BOARD Recommended for Approval PUCT for consideration
06/21/2022 BOARD Deferred/Tabled Board for consideration
04/28/2022 BOARD Deferred/Tabled Board for consideration
04/13/2022 TAC Recommended for Approval Board for consideration
04/06/2022 PRS Recommended for Approval TAC for consideration
03/09/2022 PRS Recommended for Approval PRS for Impact Analysis consideration
01/13/2022 PRS Deferred/Tabled PRS for language consideration

Voting Record

Date Gov Body Motion Result
09/15/2022 PUCT To approve NPRR1112 and accompanying ERCOT Market Impact Statement as presented in Project No. 52934, Review of Rules Adopted by the Independent Organization Passed
08/16/2022 BOARD To recommend approval of NPRR1112 as recommended by TAC in the 4/13/22 TAC Report as amended by the 3/18/22 ERCOT comments; and the 12/22/21 Impact Analysis; with a priority of 2022 and rank of 3630 and a proposed effective date of upon system implementation and October 1, 2023 Passed
06/21/2022 BOARD To table NPRR1112 Passed
04/28/2022 BOARD To table NPRR1112 Passed
04/13/2022 TAC To recommend approval of NPRR1112 as recommended by PRS in the 4/6/22 PRS Report Passed
04/06/2022 PRS To grant NPRR1112 Urgent status and to endorse and forward to TAC the 3/9/22 PRS Report and Revised Impact Analysis for NPRR1112 Passed
03/09/2022 PRS To recommend approval of NPRR1112 as amended by the 2/16/22 Credit WG comments Passed
01/13/2022 PRS To table NPRR1112 and refer the issue to WMS Passed


Status: Approved
Date Posted: Dec 22, 2021
Sponsor: ERCOT
Urgent: Yes
Sections: 16.11, 16.11.1, 16.11.2 (delete), 16.11.3, 16.11.4,,,, 16.11.5,,,, 16.16.1, 16.16.3, and 25.4.2
Description: This Nodal Protocol Revision Request (NPRR) eliminates Unsecured Credit Limits. Unsecured Credit Limits are offset against Total Potential Exposure Any (TPEA) and thereby reduce the Financial Security available to offset potential future default uplift amounts. Although Unsecured Credit Limits are deleted in this NPRR, acceptable guarantors, which currently require an Unsecured Credit Limit, may still be used for provision of financial statements and determination of compliance with minimum capital requirements. In addition, consistent with provisions for Securitziation Default Charge escrow deposits, this NPRR clarifies that letters of credit used for Financial Security must be drawn on a U.S. domestic bank or a domestic office of a foreign bank.
Reason: Market efficiencies or enhancements

Key Documents

Related Content