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NPRR1184

Summary

Title Update to Procedures for Managing Interest on Cash Collateral
Next Group TAC
Next Step Revision Request Consideration
Status Pending

Action

Date Gov Body Action Taken Next steps
09/13/2023 PRS Recommended for Approval Revision Request Consideration
07/13/2023 PRS Deferred/Tabled Impact Analysis Consideration
06/14/2023 PRS Recommended for Approval Impact Analysis Consideration

Voting Record

Date Gov Body Motion Result
09/13/2023 PRS to endorse and forward to TAC the 7/13/23 PRS Report as amended by the 9/11/23 ERCOT comments and 9/6/23 Impact Analysis for NPRR1184 with a recommended priority of 2024 and rank of 4060 for Phase 2 Passed
07/13/2023 PRS to table NPRR1184 Passed
06/14/2023 PRS to recommend approval of NPRR1184 as submitted Passed

Background

Status: Pending
Date Posted: May 30, 2023
Sponsor: Tenaska
Urgent: No
Sections: 16.11.3, 16.11.4.7
Description: This Nodal Protocol Revision Request (NPRR) clarifies ERCOT’s management of interest received by ERCOT and owed to Counter-Parties for posted Cash Collateral, and requires ERCOT to credit Counter-Party Collateral accounts for interest on a monthly basis, as opposed to the current annual process. Additionally, this NPRR requires ERCOT to report the interest calculation.
Reason: Market efficiencies or enhancements

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