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NPRR673
Summary
| Title | Correction to Estimated Aggregate Liability (EAL) for a QSE that Represents Neither Load nor Generation |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 04/14/2015 |
| Effective Dates |
05/01/2015
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 04/14/2015 | BOARD | Approved | |
| 03/26/2015 | TAC | Recommended for Approval | ERCOT Board for consideration |
| 03/12/2015 | PRS | Recommended for Approval | TAC for consideration |
| 02/12/2015 | PRS | Recommended for Approval | PRS for Impact Analysis review |
| 12/11/2014 | PRS | Deferred/Tabled | PRS for consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 04/14/2015 | BOARD | To approve NPRR673 as recommended by TAC in the 3/26/15 TAC Report | Passed |
| 03/26/2015 | TAC | To recommend approval of NPRR673 as recommended by PRS in the 3/12/15 PRS Report | Passed |
| 03/12/2015 | PRS | To endorse and forward to TAC the 2/12/15 PRS Report and Impact Analysis for NPRR673 | Passed |
| 02/12/2015 | PRS | To recommend approval of NPRR673 as submitted | Passed |
| 12/11/2014 | PRS | To table NPRR673 and refer the issue to the Credit Work Group | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Nov 26, 2014 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.4.2 and 16.11.4.3 |
| Description: | This Nodal Protocol Revision Request (NPRR) corrects Protocol language introduced by NPRR620, Collateral Requirements for Counter-Parties with No Load or Generation, relating to Qualified Scheduling Entities (QSEs) representing neither Load nor Generation. |
| Reason: | As written in NPRR620, the Initial Estimated Liability (IEL) was defined as a fixed value, and the period for calculation of the IEL was not limited. While this eliminated the problem of certain circumstances where no collateral was required, it also meant that affected Counter-Parties would not receive credit for long positions (to the extent of the Minimum Current Exposure (MCE)), which was not the intent of NPRR620. This NPRR’s correction ensures that affected Counter-Parties can receive credit for long positions while maintaining the MCE. |
Key Documents
Nov 26, 2014 - doc - 170 KB
Nov 25, 2014 - doc - 55 KB
Dec 12, 2014 - doc - 173.5 KB
Dec 19, 2014 - doc - 39 KB
Jan 26, 2015 - doc - 38.5 KB
Feb 13, 2015 - doc - 176 KB
Mar 13, 2015 - doc - 176.5 KB
Mar 27, 2015 - doc - 179 KB
Apr 14, 2015 - doc - 180.5 KB