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NPRR300

Summary

Title: Municipal Owned Utility Addition to Determination of Total Potential Exposure for a Counter-Party
Next Group:
Next Step:
Status: Rejected on 07/21/2011

Action

Date Gov Body Action Taken Next Steps
07/21/2011 PRS Rejected
01/20/2011 PRS Deferred/Tabled PRS consideration

Voting Record

Date Gov Body Motion Result
07/21/2011 PRS To reject NPRR300 Passed
01/20/2011 PRS To table NPRR300 Passed

Vote tallies here reflect individual votes, not the weight of the votes by market segment. Affirmative votes are not recorded in these vote tallies. For additional details on the voting record, please consult the Recommendation or Action Report, or the official vote tally if available, as posted in the key documents.

Background

Status: Rejected
Date Posted: Dec 3, 2010
Sponsor: City of Garland
Urgent: No
Sections: 16.11.4.1
Description: 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.

Key Documents

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