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NPRR1184

Summary

Title Update to Procedures for Managing Interest on Cash Collateral
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Next Step
Status Approved on 11/30/2023
Effective Dates
02/26/2024

Section 16.11.3

Action

Date Gov Body Action Taken Next Steps
11/30/2023 PUCT Approved
10/17/2023 BOARD Recommended for Approval Revision Request Consideration
09/26/2023 TAC Recommended for Approval Revision Request Consideration
09/13/2023 PRS Recommended for Approval Revision Request Consideration
07/13/2023 PRS Deferred/Tabled Impact Analysis Consideration
06/14/2023 PRS Recommended for Approval Impact Analysis Consideration

Voting Record

Date Gov Body Motion Result
11/30/2023 PUCT to approve NPRR1184 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Rules Adopted by the Independent Organization Passed
10/17/2023 BOARD to recommend approval of NPRR1184 as recommended by TAC in the 9/26/23 TAC Report Passed
09/26/2023 TAC to recommend approval of NPRR1184 as recommended by PRS in the 9/13/23 PRS Report Passed
09/13/2023 PRS to endorse and forward to TAC the 7/13/23 PRS Report as amended by the 9/11/23 ERCOT comments and 9/6/23 Impact Analysis for NPRR1184 with a recommended priority of 2024 and rank of 4060 for Phase 2 Passed
07/13/2023 PRS to table NPRR1184 Passed
06/14/2023 PRS to recommend approval of NPRR1184 as submitted Passed

Background

Status: Approved
Date Posted: May 30, 2023
Sponsor: Tenaska
Urgent: No
Sections: 16.11.3, 16.11.4.7
Description: This Nodal Protocol Revision Request (NPRR) clarifies ERCOT’s management of interest received by ERCOT and owed to Counter-Parties for posted Cash Collateral, and requires ERCOT to credit Counter-Party Collateral accounts for interest on a monthly basis, as opposed to the current annual process. Additionally, this NPRR requires ERCOT to report the interest calculation.
Reason: Market efficiencies or enhancements

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