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PRR431

Summary

Title Collateral Requirements for RBS and EAL
Next Group
Next Step
Status Approved

Action

Date Gov Body Action Taken Next steps
No updates have been made to this issue.

Voting Record

Date Gov Body Motion Result
No updates have been made to this issue.

Background

Status: Approved
Date Posted: Jun 19, 2003
Sponsor: ERCOT on behalf of Credit Workgroup
Urgent: Yes
Sections: 16.2.7, 16.2.8, 16.2.9
Description: This PRR would add a new section to calculate additional collateral requirements for QSEs intending to utilize the Balancing Energy Service more than 20%; excludes certain portions of the EAL calculation from the 60-day "look back" provision; reduces the number of days in which collateral must be posted from 3 to 2; and allows ERCOT to accelerate the due date on all outstanding amounts owed in the event of a late payment.
Reason:

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