NPRR #392 · Revision Request

NPRR392 Credit Review During CRR Auction

Approved Urgent sponsor ERCOT posted 2011-07-14 ercot.com

ReasonTo seek to ensure that CRRs awarded in an auction will be adequately collateralized immediately following the auction.

Created2011-07-21

Approved2011-08-16

Sections Affected

7.5.5.3

Summary

This Nodal Protocol Revision Request (NPRR) provides for a credit review on preliminary CRR Auction results before CRR Auction results are finalized and posted to ensure that post auction collateral requirements under Section 16, Registration and Qualification of Market Participants, for the proposed CRR awards are within a Counter-Party’s Available Credit Limit (ACL). If a Counter-Party does not have or provide the required Financial Security, this NPRR provides for voiding that Entity’s bids and offers and rerunning the CRR Auction without that Entity’s bids and offers.

Timeline

Jul 14 '11
PRSFiled by ERCOT
- 392NPRR-01 Credit Review During CRR Auction 071411 Jul 14 '11 · Revision Request
- 392NPRR-02 Impact Analysis 071411 Jul 14 '11 · Staff Report
Jul 21 '11
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval Forwarded → TAC
“To recommend approval of NPRR392 as revised by PRS and to forward NPRR392 to TAC” — Passed

→ TAC consideration
- 392NPRR-03 Urgency Vote Ballot 072011 Jul 20 '11 · Revision Request Ballot
- 392NPRR-04 Edison Mission 072011 Jul 20 '11 · Revision Request Comments
Aug 4 '11
TAC TAC Meeting
TACRecommended for Approval Recommended for approval
“To recommend approval of NPRR392 as recommended by PRS in the 7/21/11 PRS Report.” — Passed

→ ERCOT Board consideration
- 392NPRR-05 PRS Report 072111 Jul 25 '11 · Committee Report
Aug 16 '11
BOARD Board of Directors Meeting
BOARDApproved Recommended for approval
“To approve NPRR392 as recommended by TAC in the 8/4/11 TAC Report” — Passed
- 392NPRR-06 TAC Report 080411 Aug 5 '11 · Committee Report
- 392NPRR-07 Board Report 081611 Aug 16 '11 · Committee Report