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NPRR438
Summary
| Title | Additional Minimum Counter-Party Qualification Requirements, Including Risk Management Capability Requirements |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 07/17/2012 |
| Effective Dates |
01/01/2013
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 07/17/2012 | BOARD | Approved | |
| 06/28/2012 | TAC | Recommended for Approval | Board consideration |
| 06/21/2012 | PRS | Recommended for Approval | TAC consideration |
| 05/17/2012 | PRS | Recommended for Approval | PRS consider the IA |
| 02/23/2012 | PRS | Deferred/Tabled | PRS consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 07/17/2012 | BOARD | approved NPRR438 as recommended by TAC in the 6/28/12 TAC Report. | Passed |
| 06/28/2012 | TAC | To recommend approval of NPRR438 as recommended by PRS in the 6/21/12 PRS Report | Passed |
| 06/21/2012 | PRS | To endorse and forward the 5/17/12 PRS Report and Impact Analysis for NPRR438 to TAC. | Passed |
| 05/17/2012 | PRS | To recommend approval of NPRR438 as amended by the 4/30/12 Credit WG comments and as revised by PRS. | Passed |
| 02/23/2012 | PRS | To table NPRR438 and refer the issue to WMS. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Jan 24, 2012 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 1.3.1.1, 16.11.4.1, 16.16, (new) 16.16.1, (new) 16.16.2, (new) 16.16.3, (new) Attachment J, (new) |
| Description: | This Nodal Protocol Revision Request (NPRR) establishes minimum requirements for Counter-Parties to participate in the ERCOT markets. These requirements are in addition to other requirements currently defined in the Protocols. Specifically, Counter-Parties must certify that they: (1) Have appropriate expertise in markets; (2) Have appropriate market operational capabilities; (3) Meet minimum capitalization requirements; and (4) Have risk management capabilities with respect to operating in the ERCOT markets. In addition, this NPRR will require ERCOT to verify the risk management framework for specified Counter-Parties. |
| Reason: | To reduce risk in the ERCOT market and to satisfy expected Commodities Exchange Act exemption requirements. These requirements will also make the ERCOT market more consistent with other Independent System Operator requirements. |
Key Documents
Jan 24, 2012 - doc - 145 KB
Jan 24, 2012 - doc - 60 KB
Feb 9, 2012 - doc - 106 KB
Feb 15, 2012 - doc - 151.5 KB
Feb 20, 2012 - doc - 110 KB
Feb 20, 2012 - doc - 165.5 KB
Feb 21, 2012 - doc - 142.5 KB
Feb 22, 2012 - doc - 143 KB
Feb 27, 2012 - doc - 153 KB
Mar 19, 2012 - doc - 113 KB
Apr 30, 2012 - doc - 113 KB
May 10, 2012 - doc - 117 KB
May 15, 2012 - doc - 118.5 KB
May 22, 2012 - doc - 166 KB
Jun 18, 2012 - doc - 68.5 KB
Jun 22, 2012 - doc - 164.5 KB
Jun 29, 2012 - doc - 167 KB
Jul 13, 2012 - doc - 121 KB
Jul 17, 2012 - doc - 166.5 KB