VCMRR001

    Summary

    Title: Submission of Fuel Costs
    Next Group:
    Next Step:
    Status: Approved on 01/28/2014
    Effective Date: 10/06/2014

    Action

    Date Gov Body Action Taken Next Steps
    01/28/2014 TAC Approved
    01/08/2014 WMS Recommended for Approval TAC consideration of VCMRR001

    Voting Record

    Date Gov Body Motion Result
    01/28/2014 TAC To approve VCMRR001 as recommended by WMS in the 1/8/14 WMS Report. Passed
    01/08/2014 WMS To recommend approval of VCMRR001 as submitted. Passed

    Vote tallies here reflect individual votes, not the weight of the votes by market segment. Affirmative votes are not recorded in these vote tallies. For additional details on the voting record, please consult the Recommendation or Action Report, or the official vote tally if available, as posted in the key documents.

    Background

    Status: Approved
    Date Posted: 12/10/2013
    Sponsor: RCWG
    Urgent: No
    Sections: 3, Appendix 6
    Description: This Verifiable Cost Manual Revision Request (VCMRR) revises the grey-boxed language that was added to the Verifiable Cost Manual following the approval of Nodal Protocol Revision Request (NPRR) 485, Clarification for Fuel Adder Provisions, modifies the types of fuel costs Resources may submit, and defines the timeline for the verifiable fuel cost process.
    Reason: At its 10/9/13 meeting, WMS directed the Resource Cost Working Group (RCWG) to develop a VCMRR to clarify the NPRR485 grey box with the following instruction: "Mitigated fuel costs are intended to allow a Resource to be compensated for its total fuel cost, through a 12-month rolling average, updated and reviewed by ERCOT quarterly." Following further discussion at the 11/13/13 WMS meeting, WMS voted to direct RCWG to file this VCMRR.

    Key Documents