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SCR778

Summary

Title Credit Exposure Calculations for NOIE Options Linked to RTM PTP Obligations
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Status Approved on 02/11/2014

Action

Date Gov Body Action Taken Next Steps
02/11/2014 BOARD Approved
01/28/2014 TAC Recommended for Approval Board for consideration
01/16/2014 PRS Recommended for Approval TAC for consideration
12/19/2013 PRS Recommended for Approval PRS for IA review

Voting Record

Date Gov Body Motion Result
02/11/2014 BOARD To approve SCR778 as recommended by TAC in the 1/28/14 TAC Report. Passed
01/28/2014 TAC To recommend approval of SCR778 as recommended by PRS in the 1/16/14 PRS Report Passed
01/16/2014 PRS To endorse and forward the 12/19/13 PRS report and Impact Analysis for SCR778 to TAC with a recommended priority of 2014 and a rank of 1120. Passed
12/19/2013 PRS To recommend approval of SCR778 as submitted. Passed

Background

Status: Approved
Date Posted: Nov 15, 2013
Sponsor: ERCOT
Urgent: No
Sections: 16.11.4.3
Description: Changes to the Credit Monitoring and Management (CMM) System. 1. Modifies the Real-Time Liability (RTL) calculation to reduce credit exposure to an estimated amount based on calculations defined in paragraph (1) of Protocol Section 7.9.2.1, Payments and Charges for PTP Obligations Settled in Real-Time. 2. Modifies the Outstanding Unpaid Transactions (OUT) calculation to include credit exposure to an estimated amount based on calculations defined in paragraphs (3) and (4) of Protocol Section 4.6.3, Settlement for PTP Obligations Bought in DAM.
Reason: To more closely align calculated credit exposure with Real-Time Market (RTM) Settlement risk and with the intent of existing Protocol language.

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