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NPRR1205
Summary
Title | Revisions to Credit Qualification Requirements of Banks and Insurance Companies |
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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 |
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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