NPRR #1184 · Revision Request

NPRR1184 Update to Procedures for Managing Interest on Cash Collateral

Approved sponsor Tenaska posted 2023-05-30 ercot.com

ReasonMarket efficiencies or enhancements

Created2023-06-14

Approved2023-11-30

Sections Affected

16.11.316.11.4.7

Summary

This Nodal Protocol Revision Request (NPRR) clarifies ERCOT’s management of interest received by ERCOT and owed to Counter-Parties for posted Cash Collateral, and requires ERCOT to credit Counter-Party Collateral accounts for interest on a monthly basis, as opposed to the current annual process. Additionally, this NPRR requires ERCOT to report the interest calculation.

Timeline

May 30 '23
PRSFiled by Tenaska
- 1184NPRR-01 Update to Procedures for Managing Interest on Cash Collateral 053023 May 30 '23 · Revision Request
Jun 14 '23
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval
“to recommend approval of NPRR1184 as submitted” — Passed

→ Impact Analysis Consideration

Motion Carries 7–0 roll call
Jul 13 '23
PRS PRS Meeting
PRSDeferred/Tabled Tabled
“to table NPRR1184” — Passed

→ Impact Analysis Consideration

Motion Carries 7–0 roll call
- 1184NPRR-02 PRS Ballot 061423 Jun 16 '23 · Revision Request Ballot
- 1184NPRR-03 PRS Report 061423 Jun 16 '23 · Committee Report
- 1184NPRR-04 CFSG Comments 062623 Jun 26 '23 · Revision Request Comments
- 1184NPRR-05 ERCOT Comments 070623 Jul 6 '23 · Revision Request Comments
- 1184NPRR-06 ERCOT Comments 071023 Jul 10 '23 · Revision Request Comments
Aug 10 '23
PRS PRS Meeting
- 1184NPRR-07 PRS Ballot 071323 Jul 18 '23 · Revision Request Ballot
- 1184NPRR-08 PRS Report 071323 Jul 18 '23 · Committee Report
- 1184NPRR-09 ERCOT Comments 080223 Aug 2 '23 · Revision Request Comments
Sep 13 '23
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval Forwarded → TAC Amended by the Sep 11 '23 ERCOT comments priority 2024 · rank 4060
“to endorse and forward to TAC the 7/13/23 PRS Report as amended by the 9/11/23 ERCOT comments and 9/6/23 Impact Analysis for NPRR1184 with a recommended priority of 2024 and rank of 4060 for Phase 2” — Passed

→ Revision Request Consideration

Motion Carries 6–0 roll call
- 1184NPRR-10 Impact Analysis 090623 Sep 6 '23 · Staff Report
- 1184NPRR-11 ERCOT Comments 091123 Sep 11 '23 · Revision Request Comments
Sep 26 '23
TAC TAC Meeting
TACRecommended for Approval Recommended for approval
“to recommend approval of NPRR1184 as recommended by PRS in the 9/13/23 PRS Report” — Passed

→ Revision Request Consideration

Motion Passes 30–0 roll call
- 1184NPRR-12 PRS Ballot 091323 Sep 18 '23 · Revision Request Ballot
- 1184NPRR-13 PRS Report 091323 Sep 18 '23 · Committee Report
Oct 17 '23
BOARD Board of Directors Meeting
BOARDRecommended for Approval Recommended for approval
“to recommend approval of NPRR1184 as recommended by TAC in the 9/26/23 TAC Report” — Passed

→ Revision Request Consideration
- 1184NPRR-14 TAC Ballot 092623 Sep 28 '23 · Revision Request Ballot
- 1184NPRR-15 TAC Report 092623 Sep 28 '23 · Committee Report
Oct 19 '23
Listed without action at 1 meeting
- CFSG Meeting Oct 19 '23
Nov 30 '23
PUCT
PUCTApproved Approved
“to approve NPRR1184 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Rules Adopted by the Independent Organization” — Passed
- 1184NPRR-16 Board Report 101723 Oct 20 '23 · Committee Report
—
Posted since the last meeting
- 1184NPRR-17 PUCT Report 113023 Dec 4 '23 · Committee Report