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NPRR497

Summary

Title: Corrections to NPRR400
Next Group:
Next Step:
Status: Approved on 12/11/2012
Effective Dates:
12/12/2012

Action

Date Gov Body Action Taken Next Steps
11/15/2012 PRS Recommended for Approval TAC
11/29/2012 TAC Recommended for Approval Board consideration
12/11/2012 BOARD Approved

Voting Record

Date Gov Body Motion Result
11/15/2012 PRS To recommend approval of NPRR497as submitted and to forward NPRR497 to TAC. Passed
11/29/2012 TAC To recommend approval of NPRR497 as recommended by PRS in the 11/15/12 PRS Report with a proposed effective date of 12/12/12. Passed
12/11/2012 BOARD To approve NPRR497 as recommended by TAC in the 11/29/12 TAC Report. 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: Oct 31, 2012
Sponsor: ERCOT
Urgent: Yes
Sections: 16.11, 16.11.4.1, 16.11.4.3, 16.11.5
Description: This Nodal Protocol Revision Request (NPRR) corrects language within NPRR400, Eliminate Unsecured Credit for CRR Auctions and for Future Credit Exposure and Eliminate Netting of FCE with CCE, which was approved by the ERCOT Board on October 18, 2011. Modifications include the following: · Available credit limits for the CRR Auction (ACLC) and Available Limit for the DAM (ACLD) must be positive values; · Brackets in Minimum Collateral Exposure (MCE) calculation corrected; and · Ensure that collateral requests to cover non-CRR exposures are not overstated because of potential negative Remainder Collateral values.
Reason: To correct current Protocol language implemented by NPRR400.

Key Documents

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