NOTICE DATE:  June 20, 2024

NOTICE TYPE:  M-A062024-01 NPRR

SHORT DESCRIPTION:  Partial Implementation Details of NPRR1205, Revisions to Credit Qualification Requirements of Banks and Insurance Companies

INTENDED AUDIENCE:  All Market Participants

DAYS AFFECTED:  July 1, 2024

LONG DESCRIPTION:  On July 1, 2024, Protocol language associated with Nodal Protocol Revision Request (NPRR) 1205, will be partially implemented.  Specifically, the doubling of the credit limit percentages applied against Tangible Net Worth of letters of credit issuer within paragraph (1)(a)(iv) of Section 16.11.3, Alternative Means of Satisfying ERCOT Creditworthiness Requirements, will be implemented.

The remainder of NPRR1205 will be implemented at a later date.

ADDITIONAL INFORMATION:  Pursuant to Nodal Protocol Section 21.6, Nodal Protocol Revision Implementation, ERCOT is required to provide notice as soon as practicable, but no later than ten days prior to implementation.

NPRR1205 and the associated documents can be found on the ERCOT website.

CONTACT: If you have any questions, please contact your ERCOT Account Manager. You may also call the general ERCOT Client Services phone number at (512) 248-3900 or contact ERCOT Client Services via email at ClientServices@ercot.com.

If you are receiving email from a public ERCOT distribution list that you no longer wish to receive, please follow this link in order to unsubscribe from this list: http://lists.ercot.com.

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