- Home
- Market Rules
- Issues
NPRR690
Summary
| Title | Incorporation of Creditworthiness Standards into Protocols |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 06/09/2015 |
| Effective Dates |
09/25/2015
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 06/09/2015 | BOARD | Approved | |
| 05/28/2015 | TAC | Recommended for Approval | Revision Request Consideration |
| 05/14/2015 | PRS | Recommended for Approval | Revision Request Consideration |
| 04/16/2015 | PRS | Recommended for Approval | Impact Analysis Consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 06/09/2015 | BOARD | To approve NPRR690 as recommended by TAC in the 5/28/15 TAC Report. | Passed |
| 05/28/2015 | TAC | To recommend approval of NPRR690 as recommended by PRS in the 5/14/15 PRS Report. | Passed |
| 05/14/2015 | PRS | To endorse and forward to TAC the 4/16/15 PRS Report as revised by PRS and Impact Analysis for NPRR690. | Passed |
| 04/16/2015 | PRS | To recommend approval of NPRR690 as amended by the 4/2/15 ERCOT comments and as revised by PRS. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Mar 30, 2015 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.2, 16.11.3, 16.11.4.3, 16.11.5, 16.16.1, 16.16.3 |
| Description: | This Nodal Protocol Revision Request (NPRR) incorporates the ERCOT Creditworthiness Standards (which currently resides in an Other Binding Document (OBD)) into the Protocols, and deletes references to the OBD. In addition, it corrects discrepancies between Protocols and the current Creditworthiness Standards relating to requirements to receive unsecured credit and in certain terminology, eliminates the annual Finance and Audit Committee review process for letter of credit concentration limits in favor of the change control process used elsewhere in Protocols, corrects a discrepancy between requirements for Electric Cooperatives (ECs) and applicable regulatory standards, and aligns Protocol language with the current Creditworthiness Standards to clarify that audited financial statements must be in accordance with Generally Accepted Accounting Principles (GAAP) or International Accounting Standards (IAS). |
| Reason: | Market efficiencies or enhancements |
Key Documents
Mar 30, 2015 - doc - 212 KB
Mar 30, 2015 - doc - 56 KB
Apr 2, 2015 - doc - 40.5 KB
Apr 20, 2015 - doc - 237 KB
May 14, 2015 - doc - 38.5 KB
May 19, 2015 - doc - 240.5 KB
Jun 2, 2015 - doc - 243 KB
Jun 10, 2015 - doc - 243.5 KB