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NPRR1205

Summary

Title Revisions to Credit Qualification Requirements of Banks and Insurance Companies
Next Group BOARD
Next Step Board for consideration
Status Pending

Action

Date Gov Body Action Taken Next steps
03/27/2024 TAC Recommended for Approval Board for consideration
03/20/2024 PRS Recommended for Approval TAC for consideration
02/08/2024 PRS Recommended for Approval PRS for Impact Analysis consideration
11/09/2023 PRS Deferred/Tabled PRS for consideration

Voting Record

Date Gov Body Motion Result
03/27/2024 TAC To recommend approval of NPRR1205 as recommended by PRS in the 3/20/24 PRS Report and the 3/26/24 Revised Impact Analysis Passed
03/20/2024 PRS To endorse and forward to TAC the 2/8/24 PRS Report and 10/24/23 Impact Analysis for NPRR1205 with a recommended priority of 2025 and rank of 4520 Passed
02/08/2024 PRS To recommend approval of NPRR1205 as amended by the 1/16/24 Luminant comments Passed
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: General system and/or process improvement(s)

Key Documents

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