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NPRR1205
Summary
| Title | Revisions to Credit Qualification Requirements of Banks and Insurance Companies |
|---|---|
| Next Group | PRS |
| Next Step | PRS for consideration |
| Status | Pending |
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 11/09/2023 | PRS | Deferred/Tabled | PRS for consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 11/09/2023 | PRS | To table NPRR1205 and refer the issue to the Credit Finance Sub Group (CFSG) | Passed |
Background
| Status: | Pending |
|---|---|
| Date Posted: | Oct 24, 2023 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.3 |
| 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 strengthening and clarifying minimum credit quality qualifications for: Banks, which issue letters of credit on behalf of Market Participants to ERCOT; and Insurance companies, which issue surety bonds on behalf of Market Participants to ERCOT. |
| Reason: | Market efficiencies or enhancements |
Key Documents
Oct 24, 2023 - docx - 49.5 KB
Oct 24, 2023 - docx - 30.9 KB
Nov 10, 2023 - xls - 143.5 KB
Nov 10, 2023 - docx - 50.5 KB