MIS LOG IN

NPRR690

Summary

Title: Incorporation of Creditworthiness Standards into Protocols
Next Group:
Next Step:
Status: Approved on 06/09/2015
Effective Dates:
09/25/2015

Action

Date Gov Body Action Taken Next Steps
06/09/2015 BOARD Approved
05/28/2015 TAC Recommended for Approval Revision Request Consideration
05/14/2015 PRS Recommended for Approval Revision Request Consideration
04/16/2015 PRS Recommended for Approval Impact Analysis Consideration

Voting Record

Date Gov Body Motion Result
06/09/2015 BOARD To approve NPRR690 as recommended by TAC in the 5/28/15 TAC Report. Passed
05/28/2015 TAC To recommend approval of NPRR690 as recommended by PRS in the 5/14/15 PRS Report. Passed
05/14/2015 PRS To endorse and forward to TAC the 4/16/15 PRS Report as revised by PRS and Impact Analysis for NPRR690. Passed
04/16/2015 PRS To recommend approval of NPRR690 as amended by the 4/2/15 ERCOT comments and as revised by PRS. Passed

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.

Background

Status: Approved
Date Posted: Mar 30, 2015
Sponsor: ERCOT
Urgent: No
Sections: 16.11.2, 16.11.3, 16.11.4.3, 16.11.5, 16.16.1, 16.16.3
Description: This Nodal Protocol Revision Request (NPRR) incorporates the ERCOT Creditworthiness Standards (which currently resides in an Other Binding Document (OBD)) into the Protocols, and deletes references to the OBD. In addition, it corrects discrepancies between Protocols and the current Creditworthiness Standards relating to requirements to receive unsecured credit and in certain terminology, eliminates the annual Finance and Audit Committee review process for letter of credit concentration limits in favor of the change control process used elsewhere in Protocols, corrects a discrepancy between requirements for Electric Cooperatives (ECs) and applicable regulatory standards, and aligns Protocol language with the current Creditworthiness Standards to clarify that audited financial statements must be in accordance with Generally Accepted Accounting Principles (GAAP) or International Accounting Standards (IAS).
Reason: Market efficiencies or enhancements

Key Documents

Related Content