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NPRR1165

Summary

Title Revisions to Requirements of Providing Audited Financial Statements and Providing Independent Amount
Next Group PRS
Next Step PRS for language consideration
Status Pending

Action

Date Gov Body Action Taken Next steps
No updates have been made to this issue.

Voting Record

Date Gov Body Motion Result
No updates have been made to this issue.

Background

Status: Pending
Date Posted: Feb 23, 2023
Sponsor: ERCOT
Urgent: No
Sections: 16.2.1, 16.11, 16.11.5, 16.11.8, 16.16.1, 16.16.2, 16.16.3, 16.17, and 22J
Description: This Nodal Protocol Revision Request (NPRR) strengthens ERCOT’s market entry eligibility and continued participation requirements for ERCOT Counter-Parties (i.e., Qualified Scheduling Entities (QSEs) and Congestion Revenue Right (CRR) Account Holders). Specific changes include removing minimum capitalization requirements; requiring all ERCOT Counter-Parties to post Independent Amounts; removing references to guarantors; clarifying the requirement for financial statements; and referencing International Financial Reporting Standards (IFRS) rather than retired International Accounting Standards (IAS).
Reason: Market efficiencies or enhancements
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