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NPRR1033

Summary

Title Clarification of Financial Security Interest Payment and Withholding Processes Upon Termination of Market Participant Standard Form Agreement
Next Group
Next Step
Status Approved on 10/13/2020
Effective Dates
11/01/2020

Action

Date Gov Body Action Taken Next Steps
10/13/2020 BOARD Approved
09/23/2020 TAC Recommended for Approval Revision Request Consideration
09/10/2020 PRS Recommended for Approval Revision Request Consideration
08/13/2020 PRS Recommended for Approval Impact Analysis Consideration

Voting Record

Date Gov Body Motion Result
10/13/2020 BOARD to approve NPRR1033 as recommended by TAC in the 9/23/20 TAC Report Passed
09/23/2020 TAC to recommend approval of NPRR1033 as recommended by PRS in the 9/10/20 PRS Report Passed
09/10/2020 PRS to endorse and forward to TAC the 8/13/20 PRS Report and the Impact Analysis for NPRR1033 Passed
08/13/2020 PRS to recommend approval of NPRR1033 as submitted Passed

Background

Status: Approved
Date Posted: Jul 20, 2020
Sponsor: ERCOT
Urgent: No
Sections: 16.11.3, 16.11.7
Description: This Nodal Protocol Revision Request (NPRR) specifies that ERCOT will not pay interest on Cash Collateral (a form of Financial Security, as defined in Protocol Section 16.11, Financial Security for Counter-Parties) when a Market Participant’s Standard Form Market Participant Agreement (“SFA”) has been terminated and ERCOT has determined that Financial Security is no longer needed to cover potential future obligations of the terminated Market Participant. In addition, this NPRR clarifies ERCOT’s processes for holding Financial Security of a terminated Market Participant and specifies the amount of Financial Security that ERCOT will hold following termination of a Market Participant’s SFA.
Reason:

Key Documents

1033NPRR-01 Clarification of Financial Security Interest Payment and Withholding Processes Upon Termination of Market Participant SFA 072020
Jul 20, 2020 - docx - 45.7 KB
1033NPRR-02 Impact Analysis 072020
Jul 20, 2020 - doc - 54.5 KB
1033NPRR-03 PRS Ballot 081320
Aug 18, 2020 - xls - 100.5 KB
1033NPRR-04 PRS Report 081320
Aug 18, 2020 - docx - 46.4 KB
1033NPRR-05 PRS Ballot 091020
Sep 15, 2020 - xls - 100.5 KB
1033NPRR-06 PRS Report 091020
Sep 15, 2020 - docx - 46.7 KB
1033NPRR-07 TAC Ballot 092320
Sep 29, 2020 - xls - 101 KB
1033NPRR-08 TAC Report 092320
Sep 29, 2020 - docx - 46.6 KB
1033NPRR-09 Board Report 101320
Oct 16, 2020 - docx - 46.8 KB
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