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NPRR392
Summary
| Title | Credit Review During CRR Auction |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 08/16/2011 |
| Effective Dates |
09/01/2011
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 08/16/2011 | BOARD | Approved | |
| 08/04/2011 | TAC | Recommended for Approval | ERCOT Board consideration |
| 07/21/2011 | PRS | Recommended for Approval | TAC consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 08/16/2011 | BOARD | To approve NPRR392 as recommended by TAC in the 8/4/11 TAC Report | Passed |
| 08/04/2011 | TAC | To recommend approval of NPRR392 as recommended by PRS in the 7/21/11 PRS Report. | Passed |
| 07/21/2011 | PRS | To recommend approval of NPRR392 as revised by PRS and to forward NPRR392 to TAC | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Jul 14, 2011 |
| Sponsor: | ERCOT |
| Urgent: | Yes |
| Sections: | 7.5.5.3 |
| Description: | This Nodal Protocol Revision Request (NPRR) provides for a credit review on preliminary CRR Auction results before CRR Auction results are finalized and posted to ensure that post auction collateral requirements under Section 16, Registration and Qualification of Market Participants, for the proposed CRR awards are within a Counter-Party’s Available Credit Limit (ACL). If a Counter-Party does not have or provide the required Financial Security, this NPRR provides for voiding that Entity’s bids and offers and rerunning the CRR Auction without that Entity’s bids and offers. |
| Reason: | To seek to ensure that CRRs awarded in an auction will be adequately collateralized immediately following the auction. |
Key Documents
Jul 14, 2011 - doc - 81 KB
Jul 14, 2011 - doc - 54.5 KB
Jul 20, 2011 - xls - 46.5 KB
Jul 20, 2011 - doc - 47.5 KB
Jul 25, 2011 - doc - 89 KB
Aug 5, 2011 - doc - 91 KB
Aug 16, 2011 - doc - 92 KB