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NPRR867

Summary

Title Revisions to CRR Auction Credit Lock Amount to Reduce Excess Collateral
Next Group
Next Step
Status Approved on 06/12/2018
Effective Dates
09/10/2021

Action

Date Gov Body Action Taken Next Steps
06/12/2018 BOARD Approved
05/24/2018 TAC Recommended for Approval Revision Request Consideration
05/10/2018 PRS Recommended for Approval Revision Request Consideration
04/12/2018 PRS Recommended for Approval Impact Analysis Consideration

Voting Record

Date Gov Body Motion Result
06/12/2018 BOARD To approve NPRR867 as recommended by TAC in the 5/24/18 TAC Report. Passed
05/24/2018 TAC To recommend approval of NPRR867 as recommended by PRS in the 5/10/18 PRS Report. Passed
05/10/2018 PRS To endorse and forward to TAC the 4/12/18 PRS Report and the Impact Analysis for NPRR867 with a recommended priority of 2018 and rank of 580. Passed
04/12/2018 PRS To recommend approval of NPRR867 as submitted. Passed

Background

Status: Approved
Date Posted: Feb 27, 2018
Sponsor: Credit Work Group
Urgent: No
Sections: 16.11, 16.11.4.6.1
Description: This Nodal Protocol Revision Request (NPRR) changes the amount of each Counter Party’s Available Credit Limit (ACL) locked for Congestion Revenue Rights (CRR) Auctions during the duration of the auction process so that it is capped at the pre-auction screening credit exposure amount.
Reason: Market efficiencies or enhancements

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