MIS LOG IN

NPRR392

Summary

Title: Credit Review During CRR Auction
Next Group:
Next Step:
Status: Approved on 08/16/2011
Effective Dates:
09/01/2011

Action

Date Gov Body Action Taken Next Steps
08/16/2011 BOARD Approved
08/04/2011 TAC Recommended for Approval ERCOT Board consideration
07/21/2011 PRS Recommended for Approval TAC consideration

Voting Record

Date Gov Body Motion Result
08/16/2011 BOARD To approve NPRR392 as recommended by TAC in the 8/4/11 TAC Report Passed
08/04/2011 TAC To recommend approval of NPRR392 as recommended by PRS in the 7/21/11 PRS Report. Passed
07/21/2011 PRS To recommend approval of NPRR392 as revised by PRS and to forward NPRR392 to TAC 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 14, 2011
Sponsor: ERCOT
Urgent: Yes
Sections: 7.5.5.3
Description: This Nodal Protocol Revision Request (NPRR) provides for a credit review on preliminary CRR Auction results before CRR Auction results are finalized and posted to ensure that post auction collateral requirements under Section 16, Registration and Qualification of Market Participants, for the proposed CRR awards are within a Counter-Party’s Available Credit Limit (ACL). If a Counter-Party does not have or provide the required Financial Security, this NPRR provides for voiding that Entity’s bids and offers and rerunning the CRR Auction without that Entity’s bids and offers.
Reason: To seek to ensure that CRRs awarded in an auction will be adequately collateralized immediately following the auction.

Key Documents

Related Content