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WMS Subgroup: CRR Credit Policy Task Force Meeting

February 28, 2008
09:30 AM - 12:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 211
WebEx Conference
Teleconference: 866-469-3239
Meeting number: 356 189 805
Meeting password: wms123!!
Agenda

1.

Review PJM FTR default event

 

 

2.

Review impact of such a default on the ERCOT nodal market

  • DAM short pays
  • Implications

 

 

3.

Review CRR margining methodology in Nodal Protocols

 

 

4.

Discuss potential credit margin alternative methods

  • Need for margin prior to CRR sale
  • Evaluation of market forwards
  • Evaluation of outage risk

 

 

5.

Discuss allocation mechanisms

  • Allocation fundamentals
  • Large default results in BENA
  • Is there a better way?

 

 

Scheduled WMS Meetings

Key Documents

Agenda CRR Credit Policy TF 20080228
Feb 22, 2008 - doc - 55.5 KB
CRR Credit Policy Task Force Item 5
Feb 26, 2008 - ppt - 19 KB
CRR Default and the Nodal Market
Feb 20, 2008 - ppt - 32 KB
DAM and CRR Issues_02202008
Feb 20, 2008 - ppt - 101 KB
WMS_2008_02_CRR credit
Feb 28, 2008 - ppt - 179.5 KB
WMS_CRR credit_20080228_bgv2
Feb 28, 2008 - ppt - 192 KB

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