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NPRR391
Summary
| Title | Shortening RTM Settlement and Payment Timeline and Eliminate ACH as a Mode of Payment |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 10/18/2011 |
| Effective Dates |
12/01/2011
All sections except for Section 9.7.1 11/09/2012
Section 9.7.1 |
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 10/18/2011 | BOARD | Approved | |
| 09/01/2011 | TAC | Recommended for Approval | ERCOT Board consideration of NPRR391 |
| 08/18/2011 | PRS | Recommended for Approval | TAC consideration of NPRR391 |
| 07/21/2011 | PRS | Recommended for Approval | PRS Impact Analysis review |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 10/18/2011 | BOARD | To approve NPRR391 as recommended by TAC in the 9/1/11 TAC Report. | Passed |
| 09/01/2011 | TAC | To recommend approval of NPRR391 as revised by TAC. | Passed |
| 08/18/2011 | PRS | To endorse and forward the 7/21/11 PRS Report and Impact Analysis for NPRR391 to TAC. | Passed |
| 07/21/2011 | PRS | To recommend approval of NPRR391 as submitted. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Jul 5, 2011 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 9.5.4, 9.7.1, 9.7.4, 9.9.1`, 9.11.1, 9.19.2.1 |
| Description: | This Nodal Protocol Revision Request (NPRR) shortens the posting timeline for the Real-Time Initial Statement by one Business Day, and shortens cash clearing for the Settlement Invoices in which it will be included by one Bank Business Day. This NPRR also eliminates the option of making payments using Automated Clearing House (ACH) funds. |
| Reason: | This NPRR improves the timeliness of clearing market activity and helps ensure that all funds received are "good funds". This NPRR makes ERCOT settlements for real time activity substantially similar to that encouraged by the Commodities Futures Trading Commission (CFTC). |
Key Documents
Jul 6, 2011 - doc - 92.5 KB
Jul 6, 2011 - doc - 57 KB
Jul 25, 2011 - doc - 96 KB
Aug 11, 2011 - doc - 57 KB
Aug 22, 2011 - doc - 96.5 KB
Oct 5, 2011 - doc - 106 KB
Oct 18, 2011 - doc - 107.5 KB