Meeting · WMS

WMS Subgroup: CRR Credit Policy Task Force

Concluded date 2008-03-26 time 09:30–15:30 committee WMS ercot.com

LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 Room 211

VirtualWebEx / Teams

Dial-in866-469-3239

Agenda 11 items

1. Review CRR Collateralization Once Owned
Flat fee + historic valuation tool
Historical vs. Forward pricing
Mechanisms to assess future value
Risks and implementation
2. Review CRR Auction collateralization
Match margin requirements "once owned" so no disconnect exists
Proposal to include valuation within CCR auction budget constraint
3. Review Process for Allocating Default
Market implications (likelihood of impact on DAM)
CRR revenue Adequacy in DAM vs DAM Balancing Account