NPRR #17 · Revision Request
NPRR017 Discontinuation of Interest Charge for Defaulting Entities at Time of Uplift
- PRS Jun 12 '07
- TAC Oct 6 '06
- BOARD Oct 17 '06
- PUCT —
ReasonCurrently, the Interest is calculated on any unpaid balance. At 180 days ERCOT must uplift the total short pay amount, excluding late fees. The protocols state that late fees are not uplifted therefore the late fees are continually being compounded. At the time when uplift conditions are met the interest calculation should be discontinued. This NPRR will mirror the PRR of the same title.
Created2006-09-21
Approved2006-10-17
Sections Affected
9.7.39.7.5
Summary
This PRR allows ERCOT to cease the calculation of interest (Late Fees) for defaulting entities when the conditions initiating uplift are met. Late Fee calculations will continue for Short paying entities until uplift conditions are met.
Timeline
- Aug 10
- Aug 17
-
Aug 22
Listed without action at 1 meeting
-
Sep 21
PRS PRS MeetingPRSRecommended for Approval Amended by the ERCOT Staff comments“To recommend approval as revised by ERCOT Staff comments.” — Passed→ TAC consideration
-
Oct 6
TAC TAC MeetingTACRecommended for Approval“To recommend approval of NPRR017 as recommended by PRS.” — Passed→ Board consideration
-
Oct 17
BOARD ERCOT Board of Directors MeetingBOARDApproved“To approve as recommended by TAC.”→ Effective Upon Texas Nodal Market Implementation
- Oct 19
-
Nov 2
Listed without action at 1 meeting
-
Jun 12
PRS PRS and TPTF: Joint MeetingPRSRecommended for Approval Forwarded → TAC“To endorse the B1G1 IAs and forward the documents to TAC.” — Passed→ TAC review of Baseline 1 Group 1 Impact Analysis
-
Jun 28
TACEmail Vote / Unlisted MeetingTAC“No Action.”