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VCMRR011

Summary

Title Timeline for Reviewing Resources Verifiable Costs for Five Year Updates
Next Group
Next Step
Status Approved on 10/29/2015
Effective Dates
11/01/2015

Action

Date Gov Body Action Taken Next Steps
10/29/2015 TAC Approved
10/07/2015 WMS Recommended for Approval Revision Request Consideration

Voting Record

Date Gov Body Motion Result
10/29/2015 TAC To approve VCMRR011 as amended by the 10/28/15 Austin Energy comments. Passed
10/07/2015 WMS To grant VCMRR011 Urgent status, and to recommend approval of VCMRR011 as submitted. Passed

Background

Status: Approved
Date Posted: Sep 30, 2015
Sponsor: ERCOT
Urgent: Yes
Sections: 10
Description: This Verifiable Cost Manual Revision Request (VCMRR) proposes a change to the verification timeline in regards to the Resources which are required to resubmit their Verifiable Costs per paragraph (10) of Protocol Section 5.6.1, Verifiable Costs. Given that many Resources were initially approved at the beginning of the Nodal Market, ERCOT is proposing a different timeline for reviewing these updated Verifiable Costs in order to reduce the risk to ERCOT of not being able to meet the existing review process timeline. Although ERCOT suggests changing the review process timeline to no more than 90 days from the date of the submission of the updated Verifiable Costs, the goal is to evaluate and approve these Verifiable Costs on an expedited basis and without delay.
Reason: Addresses current operational issues and changes the Variable Costs review and approval process for Resources that must update their Verifiable Costs if at least five years have passed since ERCOT last approved their Verifiable Costs.

Key Documents