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NPRR1125

Summary

Title: Use of Financial Security for Securitization Default Charge and Securitization Uplift Charge Invoices and Escrow Deposit Requests
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
04/13/2022 TAC Recommended for Approval Board for consideration
04/06/2022 PRS Recommended for Approval TAC for consideration

Voting Record

Date Gov Body Motion Result
05/12/2022 PUCT To approve NPRR1125 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 NPRR1125 as recommended by TAC in the 4/13/22 TAC Report Passed
04/13/2022 TAC To recommend approval of NPRR1125 as recommended by PRS in the 4/6/22 PRS Report Passed
04/06/2022 PRS To grant NPRR1125 Urgent status; to recommend approval of NPRR1125 as submitted; and to forward to TAC NPRR1125 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: Mar 11, 2022
Sponsor: ERCOT
Urgent: Yes
Sections: 16.11.1, 26.3.1.2, 26.5.5, 27.4.4, and 27.5.5
Description: This Nodal Protocol Revision Request (NPRR) clarifies that in the event of a Payment Default with respect to either PURA Subchapter M Securitization Default Charges, or PURA Subchapter N Securitization Uplift Charges, ERCOT may utilize available Financial Security held with respect to other ERCOT market activities. In the event of concurrent Payment Defaults for either Invoices or escrow deposit requests, this NPRR also specifies the prioritization for the application of Financial Security to these defaults.
Reason: Addresses current operational issues

Key Documents

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