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PRR712

Summary

Title Local Congestion Replacement Reserve Payment Methodology
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Status Withdrawn on 08/02/2007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08/02/2007 TAC Withdrawn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

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

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Status: Withdrawn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.

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