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NPRR1112
Summary
| Title | Elimination of Unsecured Credit Limits |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 09/15/2022 |
| Effective Dates |
10/01/2023
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 09/15/2022 | PUCT | Approved | |
| 08/16/2022 | BOARD | Recommended for Approval | PUCT for consideration |
| 06/21/2022 | BOARD | Deferred/Tabled | Board for consideration |
| 04/28/2022 | BOARD | Deferred/Tabled | Board for consideration |
| 04/13/2022 | TAC | Recommended for Approval | Board for consideration |
| 04/06/2022 | PRS | Recommended for Approval | TAC for consideration |
| 03/09/2022 | PRS | Recommended for Approval | PRS for Impact Analysis consideration |
| 01/13/2022 | PRS | Deferred/Tabled | PRS for language consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 09/15/2022 | PUCT | To approve NPRR1112 and accompanying ERCOT Market Impact Statement as presented in Project No. 52934, Review of Rules Adopted by the Independent Organization | Passed |
| 08/16/2022 | BOARD | To recommend approval of NPRR1112 as recommended by TAC in the 4/13/22 TAC Report as amended by the 3/18/22 ERCOT comments; and the 12/22/21 Impact Analysis; with a priority of 2022 and rank of 3630 and a proposed effective date of upon system implementation and October 1, 2023 | Passed |
| 06/21/2022 | BOARD | To table NPRR1112 | Passed |
| 04/28/2022 | BOARD | To table NPRR1112 | Passed |
| 04/13/2022 | TAC | To recommend approval of NPRR1112 as recommended by PRS in the 4/6/22 PRS Report | Passed |
| 04/06/2022 | PRS | To grant NPRR1112 Urgent status and to endorse and forward to TAC the 3/9/22 PRS Report and Revised Impact Analysis for NPRR1112 | Passed |
| 03/09/2022 | PRS | To recommend approval of NPRR1112 as amended by the 2/16/22 Credit WG comments | Passed |
| 01/13/2022 | PRS | To table NPRR1112 and refer the issue to WMS | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Dec 22, 2021 |
| Sponsor: | ERCOT |
| Urgent: | Yes |
| Sections: | 16.11, 16.11.1, 16.11.2 (delete), 16.11.3, 16.11.4, 16.11.4.1, 16.11.4.3, 16.11.4.6, 16.11.5, 16.11.6.2.5, 16.11.6.2.6, 16.11.6.2.7, 16.16.1, 16.16.3, and 25.4.2 |
| Description: | This Nodal Protocol Revision Request (NPRR) eliminates Unsecured Credit Limits. Unsecured Credit Limits are offset against Total Potential Exposure Any (TPEA) and thereby reduce the Financial Security available to offset potential future default uplift amounts. Although Unsecured Credit Limits are deleted in this NPRR, acceptable guarantors, which currently require an Unsecured Credit Limit, may still be used for provision of financial statements and determination of compliance with minimum capital requirements. In addition, consistent with provisions for Securitziation Default Charge escrow deposits, this NPRR clarifies that letters of credit used for Financial Security must be drawn on a U.S. domestic bank or a domestic office of a foreign bank. |
| Reason: | Market efficiencies or enhancements |
Key Documents
Dec 22, 2021 - docx - 100.5 KB
Dec 22, 2021 - docx - 30.2 KB
Jan 19, 2022 - xls - 143 KB
Jan 19, 2022 - docx - 102.2 KB
Feb 2, 2022 - docx - 104.9 KB
Feb 2, 2022 - docx - 32.7 KB
Feb 7, 2022 - xls - 143 KB
Feb 7, 2022 - docx - 23.1 KB
Feb 16, 2022 - docx - 100.3 KB
Mar 7, 2022 - xls - 143 KB
Mar 7, 2022 - docx - 23 KB
Mar 10, 2022 - xls - 144.5 KB
Mar 10, 2022 - docx - 112.5 KB
Mar 15, 2022 - docx - 28.4 KB
Mar 18, 2022 - docx - 114 KB
Mar 28, 2022 - docx - 27.5 KB
Mar 29, 2022 - docx - 31 KB
Apr 4, 2022 - docx - 201.2 KB
Apr 7, 2022 - xls - 144.5 KB
Apr 7, 2022 - docx - 113.1 KB
Apr 12, 2022 - docx - 33.7 KB
Apr 14, 2022 - xls - 140 KB
Apr 14, 2022 - docx - 115.2 KB
Apr 21, 2022 - docx - 39 KB
Apr 21, 2022 - pptx - 169.7 KB
May 2, 2022 - docx - 115.5 KB
Jun 14, 2022 - pptx - 131.5 KB
Jun 23, 2022 - docx - 116.1 KB
Aug 10, 2022 - pptx - 139.5 KB
Aug 18, 2022 - docx - 119.3 KB
Sep 19, 2022 - docx - 119.4 KB