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.
The Nodal Protocol Revision Request (NPRR) proposes revisions to collateral requirements for Congestion Revenue Right (CRR) Auctions including a pre-CRR Auction screening process to determine the maximum potential exposure of each CRR Account Holder and a path-specific adder to be defined by an ERCOT Board-approved methodology.
This NPRR addresses operational, risk-management and collateral concerns around the annual CRR Auction. This NPRR is designed for organized market liquidity, which creates visibility and hedging opportunities. At the same time, this NPRR seeks to right-size credit risk in the pre-auction engine and Future Credit Exposure (FCE) calculations. By allowing for more accurate cash management and more liquidity of CRRs, Market Participants can better manage their CRR activities.