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


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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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