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NPRR1122

Summary

Title: Clarifications for PURA Subchapter M Securitization Default Charges
Next Group:
Next Step:
Status: Approved on 05/12/2022
Effective Dates:
06/01/2022

Action

Date Gov Body Action Taken Next Steps
05/12/2022 PUCT Approved
04/28/2022 BOARD Recommended for Approval PUCT for consideration
03/30/2022 TAC Recommended for Approval Board for consideration
03/09/2022 PRS Recommended for Approval TAC for consideration

Voting Record

Date Gov Body Motion Result
05/12/2022 PUCT To approve NPRR1122 and accompanying ERCOT Market Impact Statement as presented in Project No. 52934, Review of Rules Adopted by the Independent Organization
04/28/2022 BOARD To recommend approval of NPRR1122 as recommended by TAC in the 3/30/22 TAC Report Passed
03/30/2022 TAC To recommend approval of NPRR1122 as recommended by PRS in the 3/9/22 PRS Report; and the Revised Impact Analysis Passed
03/09/2022 PRS To grant NPRR1122 Urgent status; to recommend approval of NPRR1122 as revised by PRS; and to forward to TAC NPRR1122 and the Impact Analysis 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: Feb 24, 2022
Sponsor: ERCOT
Urgent: Yes
Sections: 26.5.3, 26.5.4, and 26.5.7
Description: This Nodal Protocol Revision Request (NPRR) clarifies that ERCOT shall retain all Securitization Default Charge escrow deposits to cover, if necessary, potential future obligations for Securitization Default Charges, without the limitation that this is only after termination of a Market Participant’s Standard Form Market Participant Agreement. In addition, the NPRR clarifies that funds provided for Securitization Default Charge escrow deposits must be sent to the correct account to be properly credited. Finally, this NPRR corrects a subscript definition error in the Securitization Default Charge Maximum MWh Activity Ratio Share.
Reason: Addresses current operational issues / Market efficiencies or enhancements

Key Documents

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