NPRR1165  Revisions to Requirements of Providing Audited Financial Statements and Providing Independent Amount

This Nodal Protocol Revision Request (NPRR) strengthens ERCOT’s market entry eligibility and continued participation requirements for ERCOT Counter-Parties (i.e., Qualified Scheduling Entities (QSEs) and Congestion Revenue Right (CRR) Account Holders). Specific changes include removing minimum capitalization requirements; requiring all ERCOT Counter-Parties to post Independent Amounts; removing references to guarantors; clarifying the requirement for financial statements; and referencing International Financial Reporting Standards (IFRS) rather than retired International Accounting Standards (IAS).