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NPRR1023
Summary
| Title | Change to CRR Repossession Process |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 04/13/2021 |
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 04/13/2021 | BOARD | Approved | |
| 03/24/2021 | TAC | Recommended for Approval | Revision Request Consideration |
| 03/11/2021 | PRS | Recommended for Approval | Revision Request Consideration |
| 02/11/2021 | PRS | Recommended for Approval | Impact Analysis Consideration |
| 06/11/2020 | PRS | Deferred/Tabled | Language Consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 04/13/2021 | BOARD | to approve NPRR1023 as recommended by TAC in the 3/24/21 TAC Report | Passed |
| 03/24/2021 | TAC | to recommend approval of NPRR1023 as recommended by PRS in the 3/11/21 PRS Report | Passed |
| 03/11/2021 | PRS | to endorse and forward to TAC the 2/11/21 PRS Report and Revised Impact Analysis for NPRR1023 with a recommended priority of 2022 and rank of 3500 | Passed |
| 02/11/2021 | PRS | to recommend approval of NPRR1023 as amended by the 1/25/21 ERCOT comments | Passed |
| 06/11/2020 | PRS | to table NPRR1023 and refer the issue to WMS | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | May 22, 2020 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 7.5.3.1, 7.5.5.3, 16.11.6.1.4, 16.11.6.1.5, 16.11.6.1.6, 16.11.6.1.7 (new), 16.11.7 |
| Description: | This Nodal Protocol Revision Request (NPRR) modifies the way that ERCOT handles the repossession of a Congestion Revenue Right (CRR) portfolio resulting from a Market Participant default. The current process of offering the repossessed CRRs in a one-time auction may not fully realize the potential value of the repossessed CRR portfolio, which can in turn result in increased uplift to the market. This NPRR establishes a means for liquidating a repossessed CRR portfolio over time by utilizing the Financial Security held by ERCOT for the Defaulting CRR Account Holder for Settlement purposes. This NPRR also modifies the process for forfeiture of CRRs resulting from non-payment or late payment of an Invoice by a CRR Account Holder, and proposes liquidating forfeited CRRs in the same manner as repossessed CRRs. |
| Reason: | Market efficiencies or enhancements |
Key Documents
May 22, 2020 - doc - 147 KB
May 22, 2020 - docx - 28.4 KB
Jun 16, 2020 - xls - 110 KB
Jun 16, 2020 - doc - 153.5 KB
Jul 14, 2020 - xls - 128.5 KB
Jul 14, 2020 - doc - 41.5 KB
Jul 30, 2020 - doc - 91 KB
Jan 7, 2021 - doc - 101.5 KB
Jan 25, 2021 - doc - 101.5 KB
Mar 18, 2021 - xls - 107 KB
Feb 4, 2021 - doc - 41.5 KB
Feb 15, 2021 - xls - 107.5 KB
Feb 15, 2021 - doc - 155 KB
Mar 9, 2021 - docx - 28.7 KB
Mar 16, 2021 - xls - 107 KB
Mar 16, 2021 - doc - 157.5 KB
Mar 29, 2021 - xls - 111.5 KB
Mar 30, 2021 - doc - 161 KB
Mar 29, 2021 - docx - 26.7 KB
Apr 15, 2021 - doc - 161.5 KB