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


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


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

Related Content