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


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


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)

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