To recommend approval of NPRR509 as amended by the 1/16/13 ERCOT comments and to forward NPRR509 to TAC
Vote tallies here reflect individual votes, not the weight of the votes by market segment.
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record, please consult the Recommendation or Action Report, or the official vote tally if
available, as posted in the key documents.
Dec 20, 2012
Harika Basaran on behalf of the Commercial Operations Subcommittee (COPS)
9.5.4 and 9.5.5
This NPRR proposes a phased approach to reduce the posting date for the Initial Settlement Statement from nine days after the Operating Day to seven days after the Operating Day and reduces the posting date of the Final Settlement Statement from the 59th day after the Operating Day to the 57th day after the Operating Day.
This NPRR provides for a shortened Settlement timeline as discussed at the 9/28/12 PUCT Open Meeting, under Project 40000, Commission Proceeding to Ensure Resource Adequacy in Texas, and as agreed upon at the 12/14/12 Commercial Operations Subcommittee (COPS) meeting.
COPS recommends that the two phased approach described below be taken to reduce the Settlement timeline:
Phase one reduces the posting requirement for the Initial Settlement Statement to eight days after the Operating Day. COPS recommends that phase one implementation occur 4/1/13 or the first day of the month following ERCOT Board approval of this NPRR.
Phase two further reduces the posting requirement for the Initial Settlement Statement to seven days after the Operating Day. Additionally, the posting date of Final Settlement Statements is reduced from the 59th day after the Operating Day to the 57th day after the Operating Day to compensate for the two days eliminated from the Initial Settlement Statement posting. COPS recommends that phase two implementation occur three months after the implementation of phase one in order to allow time to address any issues or concerns that may arise from the initial reduction in the Settlement timeline and also to evaluate the accuracy and completeness of meter data.