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PRR677

Summary

Title Substitute Source For Fuel Index Price (FIP)
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Status Approved on 12/12/2006
Effective Dates
01/01/2007

Voting Record

Date Gov Body Motion Result
12/12/2006 BOARD Approve PRR677 as recommended by TAC. Passed
11/02/2006 TAC Recommend approval of PRR677 as recommended by the PRS Passed
10/19/2006 PRS Recommend approval of the Recommendation Report and the IA Passed
09/21/2006 PRS Recommend approval of PRR677 as submitted Passed

Background

Status: Approved
Date Posted: Jul 26, 2006
Sponsor: Transition Plan Task Force (TPTF)
Urgent: No
Sections: 2
Description: This PRR establishes that, in the event the periodical noted fails to publish a daily FIP, the ERCOT Board of Directors will direct ERCOT Settlements on the use of an alternative index.
Reason: In the Transition Plan Task Force™s (TPT€™s) discussions of the Nodal Protocols containing reference to the FIP, a question arose about whether it was acceptable for ERCOT to continue using an obsolete or non-existent price index and its last value posted. Consensus developed that rather than leaving it to the Protocol revision process to establish a new published price index the Protocols should call for the Board of Directors to direct ERCOT Settlements to use an alternate price source.The TPTF feels that it is best to establish this revision in the Zonal Protocols and the synchronization to the Nodal Protocols can be done in a timely manne

Key Documents

677PRR-01 Substitute Source for Fuel Index Price (FIP) 072606
Jul 26, 2006 - doc - 81 KB
677PRR-02 PRS Recommendation Report 092106
Sep 25, 2006 - doc - 78.5 KB
677PRR-03 Impact Analysis 100906
Oct 9, 2006 - doc - 43 KB
677PRR-04 PRS Recommendation Report 101906
Oct 19, 2006 - doc - 79.5 KB
677PRR-05 TAC Recommendation Report 110206
Nov 6, 2006 - doc - 82.5 KB
677PRR-06 Board Action Report 121206
Dec 14, 2006 - doc - 85 KB
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