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PRR817

Summary

Title Cease Late Payment Charges for Defaulted Entities
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Next Step
Status Approved on 10/20/2009

Action

Date Gov Body Action Taken Next Steps
10/20/2009 BOARD Approved
09/03/2009 TAC Recommended for Approval BOD consideration
08/25/2009 PRS Recommended for Approval TAC consider the PRS Recommendation Report and IA
07/23/2009 PRS Recommended for Approval PRS consider Recommendation Report and Impact Analysis

Voting Record

Date Gov Body Motion Result
10/20/2009 BOARD Approved PRR817 as recommended by TAC in the 9/3/09 TAC Recommendation Report. Passed
09/03/2009 TAC To recommend approval of PRR817 as recommended by PRS in the 8/25/09 PRS Recommendation Report. Passed
08/25/2009 PRS To endorse and forward the 7/23/09 PRS Recommendation Report and Impact Analysis for PRR817 to TAC. Passed
07/23/2009 PRS To recommend approval of PRR817 as submitted. Passed

Background

Status: Approved
Date Posted: Jun 25, 2009
Sponsor: Cheryl Yager on behalf of ERCOT
Urgent: No
Sections: 9.4.4, Partial Payments
Description: This Protocol Revision Request (PRR) modifies language to: 1) Enable ERCOT to cease charging late fees to defaulting Entities prior to the initiation of the Uplift process, provided that ERCOT has determined that the recovery of late fees from the defaulting Entity is unlikely; and 2) Clarify how much security may be held back to be used to pay minor Final, True Up and other Invoices as they come due to reduce the administrative burden to the ERCOT market of processing short payments.
Reason: The changes noted above will reduce the administrative burden to the ERCOT market of processing short payments and will streamline the Uplift process. Additionally, the Nodal Protocols already allow ERCOT to discontinue late charges and this will conform current Protocols to Nodal Protocols.

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