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NPRR391

Summary

Title: Shortening RTM Settlement and Payment Timeline and Eliminate ACH as a Mode of Payment
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Status: Approved on 10/18/2011
Effective Dates:
12/01/2011

All sections except for Section 9.7.1

11/09/2012

Section 9.7.1

Action

Date Gov Body Action Taken Next Steps
10/18/2011 BOARD Approved
09/01/2011 TAC Recommended for Approval ERCOT Board consideration of NPRR391
08/18/2011 PRS Recommended for Approval TAC consideration of NPRR391
07/21/2011 PRS Recommended for Approval PRS Impact Analysis review

Voting Record

Date Gov Body Motion Result
10/18/2011 BOARD To approve NPRR391 as recommended by TAC in the 9/1/11 TAC Report. Passed
09/01/2011 TAC To recommend approval of NPRR391 as revised by TAC. Passed
08/18/2011 PRS To endorse and forward the 7/21/11 PRS Report and Impact Analysis for NPRR391 to TAC. Passed
07/21/2011 PRS To recommend approval of NPRR391 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: Jul 5, 2011
Sponsor: ERCOT
Urgent: No
Sections: 9.5.4, 9.7.1, 9.7.4, 9.9.1`, 9.11.1, 9.19.2.1
Description: This Nodal Protocol Revision Request (NPRR) shortens the posting timeline for the Real-Time Initial Statement by one Business Day, and shortens cash clearing for the Settlement Invoices in which it will be included by one Bank Business Day. This NPRR also eliminates the option of making payments using Automated Clearing House (ACH) funds.
Reason: This NPRR improves the timeliness of clearing market activity and helps ensure that all funds received are "good funds". This NPRR makes ERCOT settlements for real time activity substantially similar to that encouraged by the Commodities Futures Trading Commission (CFTC).

Key Documents

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