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NPRR554
Summary
| Title | Clarification of Future Credit Exposure Calculation |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 09/17/2013 |
| Effective Dates |
10/21/2013
|
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 NPRR554 as recommended by TAC in the 9/5/13 TAC Report. | Passed |
| 09/05/2013 | TAC | To recommend approval of NPRR554 as recommended by PRS in the 7/18/13 PRS Report, as amended by the 7/29/13 Luminant comments and as revised by TAC. | Passed |
| 07/18/2013 | PRS | To grant Urgent status to NPRR554 and recommend approval of NPRR554 as submitted. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Jul 3, 2013 |
| Sponsor: | ERCOT |
| Urgent: | Yes |
| Sections: | 16.11.4.5 |
| Description: | This Nodal Protocol Revision Request (NPRR) clarifies certain language in Section 16.11.4.5, Determination of the Counter-Party Future Credit Exposure, that was introduced by NPRR484. In particular, this NPRR proposes (1) revisions to the Future Credit Exposure (FCE) calculation to explicitly recognize deferred Invoice-related exposure separate from mark-to-market exposure; (2) modification of certain variables and subscripts that would otherwise appear to require calculation of certain portfolio-level values based on path-specific inputs; and (3) various administrative revisions. These changes are intended to be consistent with, and in furtherance of, the purposes of NPRR 484. |
| Reason: | To ensure that FCE calculations are performed in accordance with the original intent of NPRR484. |
Key Documents
Jul 3, 2013 - doc - 208.5 KB
Jul 3, 2013 - doc - 54.5 KB
Jul 11, 2013 - doc - 39.5 KB
Jul 22, 2013 - doc - 212.5 KB
Jul 31, 2013 - doc - 256.5 KB
Aug 1, 2013 - doc - 38.5 KB
Sep 5, 2013 - doc - 218 KB
Sep 18, 2013 - doc - 219 KB