NPRR #17 · Revision Request
NPRR017 Discontinuation of Interest Charge for Defaulting Entities at Time of Uplift
ReasonCurrently, the Interest is calculated on any unpaid balance. At 180 days ERCOT must uplift the total short pay amount, excluding late fees. The protocols state that late fees are not uplifted therefore the late fees are continually being compounded. At the time when uplift conditions are met the interest calculation should be discontinued. This NPRR will mirror the PRR of the same title.
Created2006-09-21
Approved2006-10-17
Sections Affected
9.7.39.7.5
Summary
This PRR allows ERCOT to cease the calculation of interest (Late Fees) for defaulting entities when the conditions initiating uplift are met. Late Fee calculations will continue for Short paying entities until uplift conditions are met.
Timeline
- Aug 10 '06
- Aug 17 '06
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Aug 22 '06
Listed without action at 1 meeting
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Sep 21 '06
PRS PRS MeetingPRSRecommended for Approval Recommended for approval Amended by the ERCOT Staff comments“To recommend approval as revised by ERCOT Staff comments.” — Passed→ TAC consideration
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Oct 6 '06
TAC TAC MeetingTACRecommended for Approval Recommended for approval“To recommend approval of NPRR017 as recommended by PRS.” — Passed→ Board consideration
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Oct 17 '06
BOARD ERCOT Board of Directors MeetingBOARDApproved Approved“To approve as recommended by TAC.”→ Effective Upon Texas Nodal Market Implementation
- Oct 19 '06
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Nov 2 '06
Listed without action at 1 meeting
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Jun 12 '07
PRS PRS and TPTF: Joint MeetingPRSRecommended for Approval Recommended for approval Forwarded → TAC“To endorse the B1G1 IAs and forward the documents to TAC.” — Passed→ TAC review of Baseline 1 Group 1 Impact Analysis
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Jun 28 '07
TACEmail Vote / Unlisted MeetingTAC“No Action.”