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NPRR497
Summary
| Title | Corrections to NPRR400 |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 12/11/2012 |
| Effective Dates |
12/12/2012
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 11/15/2012 | PRS | Recommended for Approval | TAC |
| 11/29/2012 | TAC | Recommended for Approval | Board consideration |
| 12/11/2012 | BOARD | Approved |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 11/15/2012 | PRS | To recommend approval of NPRR497as submitted and to forward NPRR497 to TAC. | Passed |
| 11/29/2012 | TAC | To recommend approval of NPRR497 as recommended by PRS in the 11/15/12 PRS Report with a proposed effective date of 12/12/12. | Passed |
| 12/11/2012 | BOARD | To approve NPRR497 as recommended by TAC in the 11/29/12 TAC Report. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Oct 31, 2012 |
| Sponsor: | ERCOT |
| Urgent: | Yes |
| Sections: | 16.11, 16.11.4.1, 16.11.4.3, 16.11.5 |
| Description: | This Nodal Protocol Revision Request (NPRR) corrects language within NPRR400, Eliminate Unsecured Credit for CRR Auctions and for Future Credit Exposure and Eliminate Netting of FCE with CCE, which was approved by the ERCOT Board on October 18, 2011. Modifications include the following: · Available credit limits for the CRR Auction (ACLC) and Available Limit for the DAM (ACLD) must be positive values; · Brackets in Minimum Collateral Exposure (MCE) calculation corrected; and · Ensure that collateral requests to cover non-CRR exposures are not overstated because of potential negative Remainder Collateral values. |
| Reason: | To correct current Protocol language implemented by NPRR400. |
Key Documents
Oct 31, 2012 - doc - 102 KB
Oct 31, 2012 - doc - 54.5 KB
Nov 20, 2012 - doc - 105 KB
Nov 30, 2012 - doc - 130 KB
Dec 12, 2012 - doc - 131 KB