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Joint Credit Working Group (CWG)/Market Credit Working Group (MCWG) Meeting

January 26, 2012
09:00 AM - 04:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206B
WebEx Conference
Teleconference: 888-894-0587
Meeting number: 653 328 696
Meeting password: CwgMcwg123
Agenda

Open Meeting

A Spangler;T Coffing

9:00 a.m.

1 

Antitrust Admonition

V Spells

9:00 - 9:05 a.m.
2

Approval of minutes from December 5 (vote)

A Spangler

9:05 - 9:10 a.m.
3

Review of NPRRs for credit implications (vote)

V Spells

9:10 - 9:20 a.m.
4

Review of Credit Work Group (CWG)     Charter (vote)

A Spangler

9:20 - 9:30 a.m.
5

Recommendation for CWG Chair and Vice Chair and MCWG Chair and Vice Chair

A Spangler

9:30 - 9:40 a.m.
6

Review Draft Credit NPRR

  • Minimum Market Participation Requirements


M Ruane

9:40 - 10:15 a.m.
7

ERCOT Operational Update

C Yager

10:15 - 10:45
8

Review Day Ahead Market (DAM) Collateral Parameters Process (including)

  • Price Percentile
  • eFactors
  • RT-DA spread (currently 90%)
  • PTP Obligations discount (currently 80%)

C Yager;C. Tucker

10:45 - 12:00 noon


Lunch


12:00 - 1:15 p.m.
9

Review impact on Collateral of increase in price caps

E Goff

1:15  - 1:45  p.m.
10

Review impact of proposed Volker Rule on ERCOT markets (potential ERCOT comments)

B  Magness

1:45 - 1:55 p.m.

11

Subcommittee Updates

A Spangler;T Coffing

1:55 - 2:05

12

New Business

A Spangler;T Coffing

2:05 - 2:15 p.m.


Adjourn Meeting

A Spangler;T Coffing

 2:15 p.m.

Scheduled CREDITWG Meetings

Key Documents

Item 2 - CWG Minutes of Meeting
CWG Minutes of Meeting Dec 5 2011 draft
Jan 19, 2012 - doc - 74 KB
Item 3 NPRRs
NPRRs for Review
Jan 24, 2012 - ppt - 104 KB
Item 3A 394NPRR-14
394NPRR-14 PRS Report 011912
Jan 24, 2012 - doc - 84 KB
Item 3B 433NPRR
433NPRR-03_PRS_Report_011912
Jan 24, 2012 - doc - 64.5 KB
Item 3C 434NPRR
434NPRR-06_PRS_Report_011912
Jan 24, 2012 - doc - 83.5 KB
Item 3D 435NPRR
435NPRR-08 PRS Report 011912
Jan 24, 2012 - doc - 69.5 KB
Item 3E 431NPRR
431NPRR-05_PRS_011912
Jan 24, 2012 - doc - 78.5 KB
Item 4 Credit WG Charter
CWG Charter 2011 0321 approved draft 2012 w ERCOT comments
Jan 23, 2012 - doc - 92 KB
Item 6 ERCOT CEA Exemption Status
CWG_20120126_ERCOT_CEA Exemption Status_v1
Jan 23, 2012 - ppt - 306.5 KB
Item 6A Additional Minimum CP Qualification Reqts
438NPRR-01 Additional Minimum Counter-Party Qualificat
Jan 24, 2012 - doc - 145 KB
Item 7 - 2011 Interest on Cash Collateral
CWG Update - 2011 Interest on Cash Collateral
Jan 24, 2012 - ppt - 217.5 KB
Item 7A NPRR347_400 Reports Templates
NPRR347_400 Reports Templates 2011_0124_draft
Jan 25, 2012 - xls - 92.5 KB
Item 8 DAM Collateral Parameters Review
DAM Collateral Parameters Review
Jan 25, 2012 - ppt - 229.5 KB
Item 8A Nodal DAM Credit Requirement Parameter
Procedures for Setting Nodal DAM Credit Requirement Parameter_20
Jan 23, 2012 - doc - 41 KB

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