VCMRR011

    Summary

    Title: Timeline for Reviewing Resources Verifiable Costs for Five Year Updates
    Next Group:
    Next Step:
    Status: Approved on 10/29/2015
    Effective Date: 11/01/2015

    Action

    Date Gov Body Action Taken Next Steps
    10/29/2015 TAC Approved
    10/07/2015 WMS Recommended for Approval Revision Request Consideration

    Voting Record

    Date Gov Body Motion Result
    10/29/2015 TAC To approve VCMRR011 as amended by the 10/28/15 Austin Energy comments. Passed
    10/07/2015 WMS To grant VCMRR011 Urgent status, and to recommend approval of VCMRR011 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: 09/30/2015
    Sponsor: ERCOT
    Urgent: Yes
    Sections: 10
    Description: This Verifiable Cost Manual Revision Request (VCMRR) proposes a change to the verification timeline in regards to the Resources which are required to resubmit their Verifiable Costs per paragraph (10) of Protocol Section 5.6.1, Verifiable Costs. Given that many Resources were initially approved at the beginning of the Nodal Market, ERCOT is proposing a different timeline for reviewing these updated Verifiable Costs in order to reduce the risk to ERCOT of not being able to meet the existing review process timeline. Although ERCOT suggests changing the review process timeline to no more than 90 days from the date of the submission of the updated Verifiable Costs, the goal is to evaluate and approve these Verifiable Costs on an expedited basis and without delay.
    Reason: Addresses current operational issues and changes the Variable Costs review and approval process for Resources that must update their Verifiable Costs if at least five years have passed since ERCOT last approved their Verifiable Costs.

    Key Documents