NOTICE DATE: November 8, 2024
NOTICE TYPE: M-B110824-01 NPRR
SHORT DESCRIPTION: Implementation Details of NPRR1184, Update to Procedures for Managing Interest on Cash Collateral
INTENDED AUDIENCE: All Market Participants
DAYS AFFECTED: December 11, 2024
LONG DESCRIPTION: On December 11, 2024 NPRR1184 will be fully implemented, specifically the following parts of Section 16 of the Protocols will be unboxed:
- 16.11.3 (1) (c) (iii) Alternative Means of Satisfying ERCOT Creditworthiness Requirements
- 16.11.4.7 (2) and (3) Credit Monitoring and Management Reports.
ERCOT will post the following reports on a monthly and annual basis on the Market Information System (MIS) Certified Area:
- Monthly Collateral and Interest Report (EMIL ID NP16-114-SG, Report ID 24685)
- Annual Collateral and Interest Report (EMIL ID NP16-115-SG, Report ID 24686)
Also, starting on December 11, 2024, Available Credit Limit (ACL) Summary Report (EMIL ID: FNC-470-SG, Report Type ID: 11173) (Sec 16.11.4.7 Credit Monitoring and Management Reports) will include the following new section and columns:
- Active Letters of Credit/Surety Bonds
- Issuer Name
- Instrument Number
- Collateral Type
- Amount
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.
CONTACT: If you have any questions, please contact your ERCOT Account Manager or reach out ERCOT Credit at ERCOTCredit@ercot.com. 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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