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NPRR639
Summary
| Title | Correction to Minimum Current Exposure |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 12/09/2014 |
| Effective Dates |
06/13/2015
|
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 12/09/2014 | BOARD | Approved | |
| 11/20/2014 | TAC | Recommended for Approval | Board for consideration |
| 11/06/2014 | PRS | Recommended for Approval | TAC for consideration |
| 10/09/2014 | PRS | Recommended for Approval | PRS for IA review |
| 08/14/2014 | PRS | Deferred/Tabled | PRS for consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 12/09/2014 | BOARD | To approved NPRR639 as recommended by TAC in the 11/20/14 TAC Report. | Passed |
| 11/20/2014 | TAC | To recommend approval of NPRR639 as recommended by PRS in the 11/6/14 PRS Report. | Passed |
| 11/06/2014 | PRS | To endorse and forward to TAC the 10/9/14 PRS Report and Impact Analysis for NPRR639 with a recommended priority of 2015 and a rank of 1195. | Passed |
| 10/09/2014 | PRS | To recommend approval of NPRR639 as amended by the 10/6/14 ERCOT comments. | Passed |
| 08/14/2014 | PRS | To table NPRR639 and refer the issue to the Credit Work Group (Credit WG). | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Jul 3, 2014 |
| Sponsor: | Reliant Energy Retail Services |
| Urgent: | No |
| Sections: | 16.11.4.1 |
| Description: | The Minimum Current Exposure (MCE) calculation, which is part of the Total Potential Exposure (TPE) credit evaluation, fails to recognize net purchases of firm physical power, which is a crucial and widely utilized means to fulfill Load serving obligations. Not recognizing net purchases of firm physical power causes the MCE to inaccurately overstate the actual credit risk posed to the market and unfairly penalizes Market Participants who prudently hedge their Load positions. |
| Reason: | Addresses current operational issues Market efficiencies or enhancements |
Key Documents
Jul 3, 2014 - doc - 175 KB
Aug 19, 2014 - doc - 201.5 KB
Aug 27, 2014 - doc - 38.5 KB
Oct 6, 2014 - doc - 170 KB
Oct 13, 2014 - doc - 233.5 KB
Oct 14, 2014 - doc - 38.5 KB
Oct 30, 2014 - doc - 180 KB
Oct 30, 2014 - doc - 56.5 KB
Nov 10, 2014 - doc - 234.5 KB
Nov 21, 2014 - doc - 237 KB
Dec 11, 2014 - doc - 238.5 KB