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NPRR1165

Summary

Title Revisions to Requirements of Providing Audited Financial Statements and Providing Independent Amount
Next Group
Next Step
Status Approved on 10/12/2023
Effective Dates
04/01/2024

Action

Date Gov Body Action Taken Next Steps
10/12/2023 PUCT Approved
08/31/2023 BOARD Recommended for Approval PUCT for consideration
07/25/2023 TAC Recommended for Approval Board for consideration
07/13/2023 PRS Recommended for Approval TAC for consideration
06/14/2023 PRS Recommended for Approval PRS for Impact Analysis consideration
04/13/2023 PRS Deferred/Tabled PRS for consideration

Voting Record

Date Gov Body Motion Result
10/12/2023 PUCT To approve NPRR1165 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Rules Adopted by the Independent Organization Passed
08/31/2023 BOARD To recommend approval of NPRR1165 as recommended by TAC in the 7/25/23 TAC Report Passed
07/25/2023 TAC To recommend approval of NPRR1165 as recommended by PRS in the 7/13/23 PRS Report Passed
07/13/2023 PRS To endorse and forward to TAC the 6/14/23 PRS Report and 2/23/23 Impact Analysis for NPRR1165 with a recommended priority of 2023 and rank of 3800 Passed
06/14/2023 PRS To recommend approval of NPRR1165 as amended by the 4/28/23 ERCOT comments Passed
04/13/2023 PRS To table NPRR1165 and refer the issue to the Credit Finance Sub Group (CFSG) Passed

Background

Status: Approved
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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