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NPRR1205
Summary
| Title | Revisions to Credit Qualification Requirements of Banks and Insurance Companies |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 06/13/2024 |
| Effective Dates |
07/01/2024
Section 16.11.3(1)(a)(iv) 11/01/2024
All remaining sections |
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 06/13/2024 | PUCT | Approved | |
| 04/23/2024 | BOARD | Recommended for Approval | PUCT for consideration |
| 03/27/2024 | TAC | Recommended for Approval | Board for consideration |
| 03/20/2024 | PRS | Recommended for Approval | TAC for consideration |
| 02/08/2024 | PRS | Recommended for Approval | PRS for Impact Analysis consideration |
| 11/09/2023 | PRS | Deferred/Tabled | PRS for consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 06/13/2024 | PUCT | To approve NPRR1205 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Protocols Adopted by the Independent Organization | Passed |
| 04/23/2024 | BOARD | To recommend approval of NPRR1205 as recommended by TAC in the 3/27/24 TAC Report | Passed |
| 03/27/2024 | TAC | To recommend approval of NPRR1205 as recommended by PRS in the 3/20/24 PRS Report and the 3/26/24 Revised Impact Analysis | Passed |
| 03/20/2024 | PRS | To endorse and forward to TAC the 2/8/24 PRS Report and 10/24/23 Impact Analysis for NPRR1205 with a recommended priority of 2025 and rank of 4520 | Passed |
| 02/08/2024 | PRS | To recommend approval of NPRR1205 as amended by the 1/16/24 Luminant comments | Passed |
| 11/09/2023 | PRS | To table NPRR1205 and refer the issue to the Credit Finance Sub Group (CFSG) | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Oct 24, 2023 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.3 |
| Description: | This Nodal Protocol Revision Request (NPRR) strengthens ERCOT’s market entry eligibility and continued participation requirements for ERCOT Counter-Parties (i.e., Qualified Scheduling Entities (QSEs) and Congestion Revenue Right (CRR) Account Holders). Specific changes include strengthening and clarifying minimum credit quality qualifications for: Banks, which issue letters of credit on behalf of Market Participants to ERCOT; and Insurance companies, which issue surety bonds on behalf of Market Participants to ERCOT. |
| Reason: | General system and/or process improvement(s) |
Key Documents
Oct 24, 2023 - docx - 49.5 KB
Oct 24, 2023 - docx - 30.9 KB
Nov 10, 2023 - xls - 143.5 KB
Nov 10, 2023 - docx - 50.8 KB
Jan 16, 2024 - docx - 38.1 KB
Jan 19, 2024 - docx - 37.2 KB
Feb 12, 2024 - xls - 140 KB
Feb 12, 2024 - docx - 49.6 KB
Feb 23, 2024 - docx - 29.4 KB
Mar 21, 2024 - xls - 140 KB
Mar 21, 2024 - docx - 49.7 KB
Mar 26, 2024 - docx - 31.2 KB
Mar 29, 2024 - xls - 140.5 KB
Mar 29, 2024 - docx - 58.7 KB
Apr 25, 2024 - docx - 58.4 KB
Jun 14, 2024 - docx - 58.8 KB