NPRR #391 · Revision Request

NPRR391 Shortening RTM Settlement and Payment Timeline and Eliminate ACH as a Mode of Payment

Approved sponsor ERCOT posted 2011-07-05 ercot.com

ReasonThis NPRR improves the timeliness of clearing market activity and helps ensure that all funds received are "good funds". This NPRR makes ERCOT settlements for real time activity substantially similar to that encouraged by the Commodities Futures Trading Commission (CFTC).

Created2011-07-21

Approved2011-10-18

Sections Affected

9.5.49.7.19.7.49.9.1`9.11.19.19.2.1

Summary

This Nodal Protocol Revision Request (NPRR) shortens the posting timeline for the Real-Time Initial Statement by one Business Day, and shortens cash clearing for the Settlement Invoices in which it will be included by one Bank Business Day. This NPRR also eliminates the option of making payments using Automated Clearing House (ACH) funds.

Timeline

Jul 5 '11
PRSFiled by ERCOT
Jul 21 '11
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval
“To recommend approval of NPRR391 as submitted.” — Passed

→ PRS Impact Analysis review
- 391NPRR-01 Shortening RTM Settlement and Payment Timeline and El Jul 6 '11 · Revision Request
- 391NPRR-02 Preliminary Impact Analysis 070611 Jul 6 '11 · Staff Report
Aug 5 '11
MCWG Joint CWG/MCWG Meeting
- 391NPRR-03 PRS Report 072111 Jul 25 '11 · Committee Report
Aug 18 '11
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval Forwarded → TAC
“To endorse and forward the 7/21/11 PRS Report and Impact Analysis for NPRR391 to TAC.” — Passed

→ TAC consideration of NPRR391
- 391NPRR-04 Impact Analysis 081111 Aug 11 '11 · Staff Report
Sep 1 '11
TAC TAC Meeting
TACRecommended for Approval Recommended for approval
“To recommend approval of NPRR391 as revised by TAC.” — Passed

→ ERCOT Board consideration of NPRR391
- 391NPRR-05 PRS Report 081811 Aug 22 '11 · Committee Report
Sep 22 '11
Listed without action at 1 meeting
- COPS Communication Working Group (CCWG) Meeting Sep 22 '11
Oct 18 '11
BOARD Board of Directors Meeting
BOARDApproved Recommended for approval
“To approve NPRR391 as recommended by TAC in the 9/1/11 TAC Report.” — Passed
- 391NPRR-06 TAC Report 090111 Oct 5 '11 · Committee Report
- 391NPRR-07 Board Report 101811 Oct 18 '11 · Committee Report
Nov 8 '11
Listed without action at 1 meeting
- COPS Meeting Nov 8 '11