MIS LOG IN

NPRR791

Summary

Title: Clarifications to IEL, MCE and Aggregate Amount Owed by Breaching Party
Next Group:
Next Step:
Status: Approved on 12/13/2016
Effective Dates:
01/01/2017

Action

Date Gov Body Action Taken Next Steps
12/13/2016 BOARD Approved
10/27/2016 TAC Recommended for Approval Revision Request Consideration
10/13/2016 PRS Recommended for Approval Revision Request Consideration
09/15/2016 PRS Recommended for Approval Impact Analysis Consideration
08/11/2016 PRS Deferred/Tabled Language Consideration

Voting Record

Date Gov Body Motion Result
12/13/2016 BOARD To approve NPRR791 as recommended by TAC in the 10/27/16 TAC Report. Passed
10/27/2016 TAC To recommend approval of NPRR791 as recommended by PRS in the 10/13/16 PRS Report. Passed
10/13/2016 PRS To endorse and forward to TAC the 9/15/16 PRS Report and Impact Analysis for NPRR791. Passed
09/15/2016 PRS To recommend approval of NPRR791 as revised by PRS. Passed
08/11/2016 PRS To table NPRR791 and refer the issue to the Credit Work Group (Credit WG) and WMS. 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: Jul 27, 2016
Sponsor: ERCOT
Urgent: No
Sections: 16.11.4.1, 16.11.4.2, 16.11.6.1.3
Description: This Nodal Protocol Revision Request (NPRR) revises the Initial Estimated Liability (IEL) description to clarify that for generation the IEL is based on estimated Qualified Scheduling Entity (QSE)-to-QSE energy sales. A parallel change has been made to the Counter-Party Credit Application. This NPRR also restores the IEL for traders, inadvertently omitted from NPRR741, Clarifications to TPE and EAL Credit Exposure Calculations, and originally defined in NPRR620, Collateral Requirements for Counter-Parties with No Load or Generation. Additionally, this NPRR corrects subscripts in the Minimum Current Exposure (MCE) formula that were inadvertently overwritten by NPRR743, Revision to MCE to Have a Floor For Load Exposure; modifies the RTQQNET and DARTNET in the gray boxed language for NPRR741 to match the current baseline Protocols; and simplifies the MCE formula. This NPRR also removes an obsolete reference to “Deferred Invoice Exposure”, a concept removed by NPRR728, Removal of Language and Definitions Related to NPRR484, Revisions to Congestion Revenue Rights Credit Calculations and Payments, and NPRR554, Clarification of Future Credit Exposure Calculation.
Reason: Market efficiencies or enhancements

Key Documents

Related Content