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Joint CWG/MCWG Meeting

May 04, 2011
09:00 AM - 04:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206A
WebEx Conference
Teleconference: 888-894-0587
Meeting number: 357 342 470
Meeting password: Cwg*4.28
Agenda

1.

Open Meeting

A Spangler / T Coffing

9:00am

 

2.

Anti-Trust Admonition

V Spells

9:00  - 9:05am

 

3.

Approval of minutes - March 30th meeting (vote)

A Spangler

9:05  -  9:10am

 

4.

Review NPRRs  

V Spells

9:10 - 9:20am

 

-      For credit implications (vote)

 

 

 

-      Pending NPRRs

 

 

 

5.

NPRR 347 Counter-Party Invoice and Single Daily Settlement Invoice  (vote)

C Yager / M Bauld / L Martin

9:20 - 10:00am

 

6.

Forward Risk

T Coffing / C Yager

10:00 - 10:45am

 

-      Cure period / PMT Breach period reduction (vote)

 

 

 

-      DALE: Recognize offsetting CRRs

 

 

 

-      Mass Transition timeline - update

 

 

 

-      Minimum collateral requirements

 

 

 

-      ADTE decreases

 

 

 

7.

DAM Collateral Parameters Process document (vote)

C Yager

10:45 - 11:00am

 

8.

Feedback from F&A Meeting and NPRR 323 Progress Report

C Yager / T Nikazm

11:00 -11:10am

 

9.

ERCOT Abacus Update

V Spells

11:10 - 11:20am

 

-      Short PMTs & Uplift estimate

 

 

 

-      PUL update

 

 

 

10.

ERCOT Legal Update

C Seely / M Morais

11:20 - 12:00pm

 

-      Letter of Credit & Guarantee Forms (vote)

 

 

 

-      CFTC Update

 

 

 

11.

Lunch

 

12:00 - 1:15pm

 

12.

CRR Auction

T Coffing

  1:15 - 3:15pm

 

-      Update on Balance of Year

 

 

 

-      Annual Auction

 

 

 

       -   Evaluate A, M, X, Y

 

 

 

        -  Collateral requirements

 

 

 

        -   Default risk

 

 

 

        -   Path & Product considerations

 

 

 

            -   OPTs & OBLs

 

 

 

            -   Res-Res, Res-Hub, Res-Zone, Hub-Zone, Hub-Hub

 

 

 

13.

New Business

A Spangler / T Coffing

3:15 - 3:25pm

 

14.

Adjourn Meeting

A Spangler / T Coffing

3:25pm

 

Scheduled MCWG Meetings

Key Documents

CWG Minutes of Meeting Mar 30 2011 draft_to cwg
Item 3 - Approval of Minutes
May 3, 2011 - pdf - 46 KB
cwg5.4.11
Item 4 - Review NPRRs
May 2, 2011 - pdf - 50.5 KB
4.29.11NPRR
Item 4 - Review NPRRs
Apr 29, 2011 - zip - 351.7 KB
347NPRR-05 Luminant Energy Comments 050311
Item 5 - NPRR 347 Counter-Party Invoice & Single Daily Settlement Invoice
May 4, 2011 - pdf - 488.4 KB
Item 7_DAM_Collateral_Parameters_2010_1116 Board Approved_draft
Item 7 - DAM Collateral Parameters Process
May 3, 2011 - pdf - 53.7 KB
ERCOT Updates_Revised
Item 9 - ERCOT Abacus Update
May 3, 2011 - pdf - 64.9 KB
Market Participant Guarantee Agreement - General Use Version (ER
Item 10 - ERCOT Legal Update
May 2, 2011 - pdf - 105.1 KB
Market Participant Letter of Credit (ERCOT Legal Draft 04.27.11)
Item 10 - ERCOT Legal Update
May 2, 2011 - pdf - 71.5 KB
Item 10. ERCOT_Dodd-Frank Act Exemption Update CWG 050411
Item 10 - CFTC Update
May 4, 2011 - pdf - 154.4 KB
NPRR CRR Auction Freq DRAFT 050311
Item 12 - CRR Auction
May 4, 2011 - doc - 567.5 KB

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