Issues

PRR712

Summary
Action
Voting Record
Background
Key Documents

Summary

Title	Local Congestion Replacement Reserve Payment Methodology
Next Group
Next Step
Status	Withdrawn on 08/02/2007

Action

Date	Gov Body	Action Taken	Next Steps
08/02/2007	TAC	Withdrawn
06/21/2007	PRS	Referred	TAC consideration of Request for Withdrawal
05/04/2007	TAC	Remanded	Resolution of issues raised by TAC
04/20/2007	PRS	Recommended for Approval	TAC consideration
03/22/2007	PRS	Recommended for Approval	Review of Impact Analysis

Date

Gov Body

Action Taken

Next Steps

08/02/2007

TAC

Withdrawn

06/21/2007

PRS

Referred

TAC consideration of Request for Withdrawal

05/04/2007

TAC

Remanded

Resolution of issues raised by TAC

04/20/2007

PRS

Recommended for Approval

TAC consideration

03/22/2007

PRS

Recommended for Approval

Review of Impact Analysis

Voting Record

Date	Gov Body	Motion	Result
08/02/2007	TAC	To approve the Request for Withdrawal of PRR712.	Passed
06/21/2007	PRS	To recommend granting the request to withdraw PRR712.	Passed
05/04/2007	TAC	To remand PRR712 to PRS to consider the profit potential on the Settlement of OOMC and other issues.	Passed
04/20/2007	PRS	To approve this Recommendation Report and forward the Report and IA to TAC.	Passed
03/22/2007	PRS	Recommend approval of PRR712 as amended by ERCOT, Constellation, and PRS.	Passed

Date

Gov Body

Motion

Result

08/02/2007

TAC

To approve the Request for Withdrawal of PRR712.

Passed

06/21/2007

PRS

To recommend granting the request to withdraw PRR712.

Passed

05/04/2007

TAC

To remand PRR712 to PRS to consider the profit potential on the Settlement of OOMC and other issues.

Passed

04/20/2007

PRS

To approve this Recommendation Report and forward the Report and IA to TAC.

Passed

03/22/2007

PRS

Recommend approval of PRR712 as amended by ERCOT, Constellation, and PRS.

Passed

Background

Status:	Withdrawn
Date Posted:	Feb 19, 2007
Sponsor:	WMS
Urgent:	No
Sections:	6.6.3.2.1, Specific Procurement Process Requirements for Replacement Reserve Service in the Adjustment Period; 6.8.1.11, Local Congestion Replacement Reserve Payment to QSE; 6.8.2.2, Capacity and Minimum Energy Payments
Description:	This PRR modifies the Local Congestion Replacement Reserve Service (RPRS) payment methodology to be identical to that of the Out-of-Merit Capacity (OOMC) payment methodology, as described in Section 6.8.2 .2, Capacity and Minimum Energy Payments. This PRR also includes a "Max" function in the equation of startup payments in case there is a delay in the implementation of PRR676, RPRS Solution with Nodal RUC-Type Procurement and Cost Allocation.
Reason:	The revision ensures that the settlement of Resources that provide Local Congestion RPRS include a "claw-back" provision in the calculation of the Start-Up payment and for any excess funds paid to the Qualified Scheduling Entity (QSE) representing the Resource if the unit remains online three hours after the end of the instruction period.