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NPRR302

Summary

Title: Correct Fuel Type Language for Mitigated Offer Cap
Next Group:
Next Step:
Status: Approved on 01/18/2011
Effective Dates:
03/24/2011

Action

Date Gov Body Action Taken Next Steps
01/18/2011 BOARD Approved
01/06/2011 TAC Recommended for Approval ERCOT Board consideration of NPRR302
12/16/2010 PRS Recommended for Approval TAC consideration of NPRR302

Voting Record

Date Gov Body Motion Result
01/18/2011 BOARD To approve NPRR302 as recommended by TAC in the 1/6/11 TAC Report. Passed
01/06/2011 TAC To recommend approval of NPRR302 as recommended by PRS in the 12/16/10 PRS Report. Passed
12/16/2010 PRS To recommend approval of NPRR302 as submitted. 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: Approved
Date Posted: Dec 7, 2010
Sponsor: Morgan Stanley
Urgent: Yes
Sections: 4.4.9.4.1
Description: This Nodal Protocol Revision Request (NPRR) revises the language for the Mitigated Offer Cap to eliminate use of the Fuel Oil Price (FOP) in the calculation.
Reason: The current Nodal Protocol language applies the lesser of the Fuel Index Price (FIP) (the natural gas index) or FOP (the fuel oil index). This was never intended for the mitigated rate. Since this level applies to all generation, it was meant as a link to the predominant marginal fuel on the market, which is natural gas.

Key Documents

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