This Nodal Protocol Revision Request (NPRR) adds Municipally Owned Utilities (MOUs) to the list of Entities exempt from the requirement to grant ERCOT a first priority security interest in order for Total Potential Exposure (TPE) of a Counter-Party to be based on the algebraic sum of the Counter-Party’s current and future credit exposures.
Reason:
As required by Texas State law, municipal governments cannot enter into an Agreement that allows first priority security.
