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NPRR741
Summary
| Title | Clarifications to TPE and EAL Credit Exposure Calculations |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 04/19/2016 |
| Effective Dates |
05/01/2016
Clarification-only revisions. Please see the 4/19/16 Board Report under "Key Documents" for the complete set of changes. 06/02/2019
All remaining sections |
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 04/19/2016 | BOARD | Approved | |
| 03/31/2016 | TAC | Recommended for Approval | Revision Request Consideration |
| 03/10/2016 | PRS | Recommended for Approval | Revision Request Consideration |
| 02/11/2016 | PRS | Recommended for Approval | Impact Analysis Consideration |
| 11/12/2015 | PRS | Deferred/Tabled | Language Consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 04/19/2016 | BOARD | To approve NPRR741 as recommended by TAC in the 3/31/16 TAC Report. | Passed |
| 03/31/2016 | TAC | To recommend approval of NPRR741 as recommended by PRS in the 3/10/16 PRS Report. | Passed |
| 03/10/2016 | PRS | To endorse and forward to TAC the 2/11/16 PRS Report as amended by the 2/24/16 Reliant comments and the Revised Impact Analysis for NPRR741 with a recommended priority of 2016 and a rank of 1555. | Passed |
| 02/11/2016 | PRS | To recommend approval of NPRR741 as amended by the 1/20/16 Credit WG comments. | Passed |
| 11/12/2015 | PRS | To table NPRR741 and refer the issue to WMS. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Oct 28, 2015 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.4.1, 16.11.4.2, 16.11.4.3, 16.11.4.3.1, 16.11.4.3.2, 16.11.4.5 |
| Description: | This Nodal Protocol Revision Request (NPRR): • Simplifies equations for Estimated Aggregate Liability (EAL) and moves Potential Uplift (PUL) to Total Potential Exposure Any (TPEA); • Removes contradictory language for when Initial Estimated Liability (IEL) is to be used; • Applies consistent variable subscripts across applicable Protocol sections; • Corrects defined terms and subscripts; • Eliminates the Congestion Revenue Rights Activity (CRRA) flag to simplify the Total Potential Exposure (TPE) equation. This flag was used to set inclusion of EAL for all the CRR Account Holders represented by the Counter-Party (EALa) in either TPEA or Total Potential Exposure Secured (TPES); • Groups additional parameters to utilize standard change control process; • Clarifies components of Real-Time Liability (RTL) and Outstanding Upaid Transactions (OUT); and • Corrects Minimum Current Exposure (MCE) formula to conform to as-implemented form. |
| Reason: | Market efficiencies or enhancements Administrative |
Key Documents
Oct 28, 2015 - doc - 837.5 KB
Oct 28, 2015 - doc - 55 KB
Nov 16, 2015 - doc - 827.5 KB
Dec 2, 2015 - doc - 59 KB
Jan 20, 2016 - doc - 740 KB
Feb 4, 2016 - doc - 741 KB
Feb 12, 2016 - doc - 796.5 KB
Feb 24, 2016 - doc - 84.5 KB
Mar 3, 2016 - doc - 57.5 KB
Mar 14, 2016 - doc - 679.5 KB
Apr 5, 2016 - doc - 682 KB
Apr 20, 2016 - doc - 648.5 KB