NPRR #554 · Revision Request
NPRR554 Clarification of Future Credit Exposure Calculation
ReasonTo ensure that FCE calculations are performed in accordance with the original intent of NPRR484.
Created2013-07-18
Approved2013-09-17
Sections Affected
16.11.4.5
Summary
This Nodal Protocol Revision Request (NPRR) clarifies certain language in Section 16.11.4.5, Determination of the Counter-Party Future Credit Exposure, that was introduced by NPRR484. In particular, this NPRR proposes (1) revisions to the Future Credit Exposure (FCE) calculation to explicitly recognize deferred Invoice-related exposure separate from mark-to-market exposure; (2) modification of certain variables and subscripts that would otherwise appear to require calculation of certain portfolio-level values based on path-specific inputs; and (3) various administrative revisions. These changes are intended to be consistent with, and in furtherance of, the purposes of NPRR 484.
Timeline
- Jul 3 '13
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Jul 10 '13
Listed without action at 1 meeting
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Jul 18 '13
PRS Protocol Revision Subcommittee (PRS) MeetingPRSRecommended for Approval Urgent status Recommended for approval“To grant Urgent status to NPRR554 and recommend approval of NPRR554 as submitted.” — Passed→ TAC for consideration
- Jul 31 '13
- Aug 21 '13
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Sep 5 '13
TAC Technical Advisory Committee (TAC) MeetingTACRecommended for Approval Recommended for approval Amended by the Jul 29 '13 Luminant comments“To recommend approval of NPRR554 as recommended by PRS in the 7/18/13 PRS Report, as amended by the 7/29/13 Luminant comments and as revised by TAC.” — Passed→ ERCOT Board for consideration
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Sep 17 '13
BOARD Board of Directors MeetingBOARDApproved Approved“To approved NPRR554 as recommended by TAC in the 9/5/13 TAC Report.” — Passed
- Sep 10 '15
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Oct 15 '15
Listed without action at 3 meetings (Oct 15 '15 – Dec 8 '15)