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NPRR300

Summary

Title Municipal Owned Utility Addition to Determination of Total Potential Exposure for a Counter-Party
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Next Step
Status Rejected on 07/21/2011

Action

Date Gov Body Action Taken Next Steps
07/21/2011 PRS Rejected
01/20/2011 PRS Deferred/Tabled PRS consideration

Voting Record

Date Gov Body Motion Result
07/21/2011 PRS To reject NPRR300 Passed
01/20/2011 PRS To table NPRR300 Passed

Background

Status: Rejected
Date Posted: Dec 3, 2010
Sponsor: City of Garland
Urgent: No
Sections: 16.11.4.1
Description: This Nodal Protocol Revision Request (NPRR) adds Municipally Owned Utilities (MOUs) to the list of Entities exempt from the requirement to grant ERCOT a first priority security interest in order for Total Potential Exposure (TPE) of a Counter-Party to be based on the algebraic sum of the Counter-Party’s current and future credit exposures.
Reason: As required by Texas State law, municipal governments cannot enter into an Agreement that allows first priority security.

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