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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

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