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.
Dec 10, 2013
7.5.2 and 184.108.40.206.1
This Nodal Protocol Revision Request (NPRR) aligns the deadline to allocate credit for a Congestion Revenue Right (CRR) Auction with the transaction submission deadline for that CRR Auction.
The current CRR Auction credit lock process requires credit to be allocated for a CRR Auction no later than three Business Days prior to the close of the CRR transaction submission deadline. This results in an inefficient and unnecessary utilization of credit during the period when credit is locked and the transaction submission window is not closed.
In addition, events may occur after the credit lock deadline that impact the valuation of a CRR Account Holder’s portfolio of bids and offers. Currently, a CRR Account Holder, through its Counter-Party, is prevented from increasing or decreasing the credit allocated to an auction as a result of an event which occurs after the credit lock deadline but prior to transaction submission. Therefore, this NPRR will allow the amount of credit locked for an auction to be consistent with the submitted CRR portfolios.