NPRR1033  Clarification of Financial Security Interest Payment and Withholding Processes Upon Termination of Market Participant Standard Form Agreement

This Nodal Protocol Revision Request (NPRR) specifies that ERCOT will not pay interest on Cash Collateral (a form of Financial Security, as defined in Protocol Section 16.11, Financial Security for Counter-Parties) when a Market Participant’s Standard Form Market Participant Agreement (“SFA”) has been terminated and ERCOT has determined that Financial Security is no longer needed to cover potential future obligations of the terminated Market Participant. In addition, this NPRR clarifies ERCOT’s processes for holding Financial Security of a terminated Market Participant and specifies the amount of Financial Security that ERCOT will hold following termination of a Market Participant’s SFA.