NPRR #1122 · Revision Request

NPRR1122 Clarifications for PURA Subchapter M Securitization Default Charges

Approved Urgent sponsor ERCOT posted 2022-02-24 ercot.com

ReasonAddresses current operational issues / Market efficiencies or enhancements

Created2022-03-09

Approved2022-05-12

Sections Affected

26.5.326.5.4and 26.5.7

Summary

This Nodal Protocol Revision Request (NPRR) clarifies that ERCOT shall retain all Securitization Default Charge escrow deposits to cover, if necessary, potential future obligations for Securitization Default Charges, without the limitation that this is only after termination of a Market Participant’s Standard Form Market Participant Agreement. In addition, the NPRR clarifies that funds provided for Securitization Default Charge escrow deposits must be sent to the correct account to be properly credited. Finally, this NPRR corrects a subscript definition error in the Securitization Default Charge Maximum MWh Activity Ratio Share.

Timeline

Feb 24 '22
PRSFiled by ERCOT
- 1122NPRR-01 Clarifications for Securitization Default Charges 022422 Feb 24 '22 · Revision Request
- 1122NPRR-02 Impact Analysis 022422 Feb 24 '22 · Staff Report
Mar 9 '22
PRS PRS Meeting by Webex Only
PRSRecommended for Approval Urgent status Recommended for approval Forwarded → TAC
“To grant NPRR1122 Urgent status; to recommend approval of NPRR1122 as revised by PRS; and to forward to TAC NPRR1122 and the Impact Analysis” — Passed

→ TAC for consideration

Motion Carries 7–0 roll call
Mar 30 '22
TAC TAC Meeting
TACRecommended for Approval Recommended for approval
“To recommend approval of NPRR1122 as recommended by PRS in the 3/9/22 PRS Report; and the Revised Impact Analysis” — Passed

→ Board for consideration

Motion Passes 30–0 roll call
- 1122NPRR-03 PRS Ballot 030922 Mar 10 '22 · Revision Request Ballot
- 1122NPRR-04 PRS Report 030922 Mar 10 '22 · Committee Report
- 1122NPRR-05 Credit WG Comments 031522 Mar 15 '22 · Revision Request Comments
- 1122NPRR-06 Revised Impact Analysis 032122 Mar 21 '22 · Staff Report
Apr 28 '22
BOARD Board of Directors Meeting
BOARDRecommended for Approval Recommended for approval
“To recommend approval of NPRR1122 as recommended by TAC in the 3/30/22 TAC Report” — Passed

→ PUCT for consideration
- 1122NPRR-07 TAC Ballot 033022 Apr 1 '22 · Revision Request Ballot
- 1122NPRR-08 TAC Report 033022 Apr 1 '22 · Committee Report
May 12 '22
PUCT
PUCTApproved Approved
“To approve NPRR1122 and accompanying ERCOT Market Impact Statement as presented in Project No. 52934, Review of Rules Adopted by the Independent Organization”
- 1122NPRR-09 Board Report 042822 Apr 29 '22 · Committee Report
—
Posted since the last meeting
- 1122NPRR-10 PUCT Report 051222 May 17 '22 · Committee Report