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NPRR834

Summary

Title: Clarifications for Repossessions of CRRs by ERCOT
Next Group:
Next Step:
Status: Approved on 12/12/2017
Effective Dates:
01/01/2018

Action

Date Gov Body Action Taken Next Steps
12/12/2017 BOARD Approved
11/30/2017 TAC Recommended for Approval Revision Request Consideration
11/09/2017 PRS Recommended for Approval Revision Request Consideration
10/12/2017 PRS Recommended for Approval Impact Analysis Consideration
07/20/2017 PRS Deferred/Tabled Language Consideration

Voting Record

Date Gov Body Motion Result
12/12/2017 BOARD Approved NPRR834 as recommended by TAC in the 11/30/17 TAC Report. Passed
11/30/2017 TAC To recommend approval of NPRR834 as recommended by PRS in the 11/9/17 PRS Report. Passed
11/09/2017 PRS To endorse and forward to TAC the 10/12/17 PRS Report as amended by the 10/31/17 ERCOT comments and the Impact Analysis for NPRR834. Passed
10/12/2017 PRS To recommend approval of NPRR834 as amended by the 8/8/17 ERCOT comments. Passed
07/20/2017 PRS To table NPRR834 and refer the issue to 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: Jun 7, 2017
Sponsor: ERCOT
Urgent: No
Sections: 7.5.3.1, 7.5.5.3, 16.11.6.1.4, 16.11.6.1.5,
Description: This Nodal Protocol Revision Request (NPRR) clarifies processes associated with repossession of Congestion Revenue Rights (CRRs) by ERCOT in circumstances where there has been a Payment Breach or other Default by a Market Participant by: 1. Specifying data transparency requirements; 2. Documenting the disposition of auction revenue funds in excess of amounts owed to ERCOT by the Market Participant; 3. Clarifying that the one-time auction bids must be positive; and allowing immediate transfer of ownership of CRRs to the winning bidder in a one-time CRR auction if this is necessary to ensure the correctness of the inventory for subsequent CRR auctions.
Reason: Addresses current operational issues. Market efficiencies or enhancements.

Key Documents

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