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NPRR552

Summary

Title Additional Counter-Party Criteria
Next Group
Next Step
Status Approved on 09/17/2013
Effective Dates
10/01/2013

Action

Date Gov Body Action Taken Next Steps
09/17/2013 BOARD Approved
09/05/2013 TAC Recommended for Approval ERCOT Board for consideration
07/18/2013 PRS Recommended for Approval TAC for consideration

Voting Record

Date Gov Body Motion Result
09/17/2013 BOARD To approved NPRR552 as recommended by TAC in the 9/5/13 TAC Report. Passed
09/05/2013 TAC To recommend approval of NPRR552 as recommended by PRS in the 7/18/13 PRS Report and as amended by the 8/15/13 ERCOT comments Passed
07/18/2013 PRS To grant Urgent status and recommend approval of NPRR552 as submitted. Passed

Background

Status: Approved
Date Posted: Jul 3, 2013
Sponsor: ERCOT
Urgent: Yes
Sections: 16.16.1, 22J
Description: Under the CFTC’s "Final Order on RTO and ISO Exemption for Certain Specified Transactions" issued in response to the ISO/RTO Joint Application for Exemption (Final Order), to be eligible for the exemption, applicable transactions must be entered into by persons who are either "appropriate persons" or "eligible contract participants" as defined in the CEA, or that meet other conditions as defined in the Final Order. This NPRR incorporates these requirements into the Protocols and mandates an annual certification by Counter-Parties that they are in compliance.
Reason: To ensure that ERCOT remains in compliance with the terms of the CFTC Final Order.

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