To table NPRR639 and refer the issue to the Credit Work Group (Credit WG).
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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.
Jul 3, 2014
Reliant Energy Retail Services
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.
Addresses current operational issues
Market efficiencies or enhancements