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VCMRR001

Summary

Title Submission of Fuel Costs
Next Group
Next Step
Status Approved on 01/28/2014
Effective Dates
10/06/2014

Action

Date Gov Body Action Taken Next Steps
01/28/2014 TAC Approved
01/08/2014 WMS Recommended for Approval TAC consideration of VCMRR001

Voting Record

Date Gov Body Motion Result
01/28/2014 TAC To approve VCMRR001 as recommended by WMS in the 1/8/14 WMS Report. Passed
01/08/2014 WMS To recommend approval of VCMRR001 as submitted. Passed

Background

Status: Approved
Date Posted: Dec 10, 2013
Sponsor: RCWG
Urgent: No
Sections: 3, Appendix 6
Description: This Verifiable Cost Manual Revision Request (VCMRR) revises the grey-boxed language that was added to the Verifiable Cost Manual following the approval of Nodal Protocol Revision Request (NPRR) 485, Clarification for Fuel Adder Provisions, modifies the types of fuel costs Resources may submit, and defines the timeline for the verifiable fuel cost process.
Reason: At its 10/9/13 meeting, WMS directed the Resource Cost Working Group (RCWG) to develop a VCMRR to clarify the NPRR485 grey box with the following instruction: "Mitigated fuel costs are intended to allow a Resource to be compensated for its total fuel cost, through a 12-month rolling average, updated and reviewed by ERCOT quarterly." Following further discussion at the 11/13/13 WMS meeting, WMS voted to direct RCWG to file this VCMRR.

Key Documents