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PRR481

Summary

Title Liability for QSE default on Obligations to ERCOT
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Status Rejected

Action

Date Gov Body Action Taken Next Steps
No updates have been made to this issue.

Voting Record

Date Gov Body Motion Result
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Background

Status: Rejected
Date Posted: Dec 22, 2003
Sponsor: GMEC & ERCOT
Urgent: Yes
Sections: 9.4.4
Description: This revision would allocate responsibility for default of a QSE among Resources and Loads. Currently, only Loads bear the risk for default of an a QSE. This provision would allocate liability across both the generation and load sectors of the market in recognition of the fact that both load and generation engage in market behaviors and make decisions and policies that affect the viability of LSEs in the market. This broader sharing of risk of default of a QSE is a feature of the PJM market and will likely be a feature of the MISO market. Both of these markets have recognized the need to ensure that Market Participants have an incentive to behave in a manner and to promote decisions and policies that are in the best interests of the market as a whole.
Reason:

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