On 09/14/05, RMS voted to recommend approval of RMGRR027 as modified by ERCOT, TXU Energy and RMS comments. There was one opposing vote from the Investor Owned Utility segment and one abstention from the Independent Power Marketer segment. All Market segments were present.
Passed
Background
Status:
Approved
Date Posted:
Jul 20, 2005
Sponsor:
Christy Hedrick/R.J. Covington
Urgent:
No
Sections:
7.4.1 Instructions for Standard Letter of Authorization
Description:
7.4.1 Instructions for Standard Letter of Authorization This RMGRR allows a customer to designate an LOA to have an unlimited term.
Reason:
There are entities in the current retail market that act as long-term advisors, legal counsel, or consultants to customers. These relationships may be indefinite and customers may want an LOA that reflects such a long-term relationship.
Furthermore, customers who pay for the services and time of consultants and have already designated an LOA term of œunlimite€? may not want to bear the administrative expense for additional LOAs when their existing LOAs clearly indicate their intention.