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NPRR559
Summary
| Title | Revisions to MCE Calculation |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 11/19/2013 |
| Effective Dates |
12/01/2013
All Section 16.11.4.1 revisions except for the Minimum Current Exposure (MCE) formula 06/13/2015
Section 16.11.4.1 revisions to the MCE formula |
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 11/19/2013 | BOARD | Approved | |
| 10/03/2013 | TAC | Recommended for Approval | ERCOT Board for consideration |
| 09/19/2013 | PRS | Recommended for Approval | TAC for consideration |
| 08/22/2013 | PRS | Recommended for Approval | PRS for IA review |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 11/19/2013 | BOARD | To approve NPRR559 as recommended by TAC in the 10/3/13 TAC Report. | Passed |
| 10/03/2013 | TAC | To recommend approval of NPRR559 as recommended by PRS in the 9/19/13 PRS Report. | Passed |
| 09/19/2013 | PRS | To endorse and forward the 8/22/13 PRS Report and Impact Analysis for NPRR559 to TAC with a recommended priority of 2014 and rank of 1020. | Passed |
| 08/22/2013 | PRS | To recommend approval of NPRR559 as revised by PRS. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Jul 17, 2013 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.4.1 |
| Description: | This Nodal Protocol Revision Request (NPRR) revises the definition of the MCE component of Total Potential Exposure (TPE) to allow adjustment for the revised Settlement cycle that will be effective with implementation of NPRR509, Shortened RTM Settlement Cycle. MCE is changed from "Minimum Collateral Exposure" to "Minimum Current Exposure" for consistency with other Protocol language and with existing Counter-Party reports. The approval process for variables M1 and M2 is clarified to specify that TAC and Board-approved changes will be implemented on the first day of the month following ERCOT Board approval unless otherwise directed by the ERCOT Board, and that no NPRR is necessary. |
| Reason: | This NPRR is proposed to ensure that calculations that are reflective of the Settlement cycle are adjusted as the Real-Time Market (RTM) Settlement cycle is adjusted. |
Key Documents
Jul 17, 2013 - doc - 83.5 KB
Sep 24, 2013 - doc - 56 KB
Aug 27, 2013 - doc - 91 KB
Aug 29, 2013 - doc - 38 KB
Sep 23, 2013 - doc - 151.5 KB
Nov 11, 2013 - doc - 145 KB
Nov 19, 2013 - doc - 146 KB