NPRR #1205 · Revision Request

NPRR1205 Revisions to Credit Qualification Requirements of Banks and Insurance Companies

Approved sponsor ERCOT posted 2023-10-24 ercot.com

ReasonGeneral system and/or process improvement(s)

Created2023-11-09

Approved2024-06-13

Sections Affected

16.11.3

Summary

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 strengthening and clarifying minimum credit quality qualifications for: Banks, which issue letters of credit on behalf of Market Participants to ERCOT; and Insurance companies, which issue surety bonds on behalf of Market Participants to ERCOT.

Timeline

Oct 24 '23
PRSFiled by ERCOT
- 1205NPRR-01 Revisions to Credit Qualification Requirements of Banks and Insurance Companies 102423 Oct 24 '23 · Revision Request
- 1205NPRR-02 Impact Analysis 102423 Oct 24 '23 · Staff Report
Nov 9 '23
PRS PRS Meeting
PRSDeferred/Tabled Tabled Referred → CFSG
“To table NPRR1205 and refer the issue to the Credit Finance Sub Group (CFSG)” — Passed

→ PRS for consideration

Motion Carries 7–0 roll call
Dec 15 '23
PRS PRS Meeting - Webex Only
- 1205NPRR-03 PRS Ballot 110923 Nov 10 '23 · Revision Request Ballot
- 1205NPRR-04 PRS Report 110923 Nov 10 '23 · Committee Report
Jan 11 '24
Listed without action at 1 meeting
- PRS Meeting Jan 11 '24
Jan 19 '24
CFSG CFSG Meeting - Webex Only
- 1205NPRR-05 Luminant Comments 011624 Jan 16 '24 · Revision Request Comments
- 1205NPRR-06 CFSG Comments 011924 Jan 19 '24 · Revision Request Comments
Feb 8 '24
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval Amended by the Jan 16 '24 Luminant comments
“To recommend approval of NPRR1205 as amended by the 1/16/24 Luminant comments” — Passed

→ PRS for Impact Analysis consideration

Motion Carries 7–0 roll call
Mar 20 '24
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval Forwarded → TAC priority 2025 · rank 4520
“To endorse and forward to TAC the 2/8/24 PRS Report and 10/24/23 Impact Analysis for NPRR1205 with a recommended priority of 2025 and rank of 4520” — Passed

→ TAC for consideration

Motion Carries 7–0 roll call
- 1205NPRR-07 PRS Ballot 020824 Feb 12 '24 · Revision Request Ballot
- 1205NPRR-08 PRS Report 020824 Feb 12 '24 · Committee Report
- 1205NPRR-09 CFSG Comments 022324 Feb 23 '24 · Revision Request Comments
Mar 27 '24
TAC TAC Meeting
TACRecommended for Approval Recommended for approval
“To recommend approval of NPRR1205 as recommended by PRS in the 3/20/24 PRS Report and the 3/26/24 Revised Impact Analysis” — Passed

→ Board for consideration

Motion Passes 29–0 roll call
- 1205NPRR-10 PRS Ballot 032024 Mar 21 '24 · Revision Request Ballot
- 1205NPRR-11 PRS Report 032024 Mar 21 '24 · Committee Report
- 1205NPRR-12 Revised Impact Analysis 032624 Mar 26 '24 · Staff Report
Apr 23 '24
BOARD Board of Directors Meeting
BOARDRecommended for Approval Recommended for approval
“To recommend approval of NPRR1205 as recommended by TAC in the 3/27/24 TAC Report” — Passed

→ PUCT for consideration
- 1205NPRR-13 TAC Ballot 032724 Mar 29 '24 · Revision Request Ballot
- 1205NPRR-14 TAC Report 032724 Mar 29 '24 · Committee Report
Jun 13 '24
PUCT
PUCTApproved Approved
“To approve NPRR1205 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Protocols Adopted by the Independent Organization” — Passed
- 1205NPRR-15 Board Report 042324 Apr 25 '24 · Committee Report
Jul 24 '24
CFSG CFSG Meeting - Webex Only
- 1205NPRR-16 PUCT Report 061324 Jun 14 '24 · Committee Report
Sep 18 '24
Listed without action at 1 meeting
- CFSG Meeting - Webex Only Sep 18 '24