NPRR #1125 · Revision Request
NPRR1125 Use of Financial Security for Securitization Default Charge and Securitization Uplift Charge Invoices and Escrow Deposit Requests
- PRS Apr 6 '22
- TAC Apr 13 '22
- BOARD Apr 28 '22
- PUCT May 12 '22
ReasonAddresses current operational issues
Created2022-04-06
Approved2022-05-12
Sections Affected
16.11.126.3.1.226.5.527.4.4and 27.5.5
Summary
This Nodal Protocol Revision Request (NPRR) clarifies that in the event of a Payment Default with respect to either PURA Subchapter M Securitization Default Charges, or PURA Subchapter N Securitization Uplift Charges, ERCOT may utilize available Financial Security held with respect to other ERCOT market activities. In the event of concurrent Payment Defaults for either Invoices or escrow deposit requests, this NPRR also specifies the prioritization for the application of Financial Security to these defaults.
Timeline
- Mar 11
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Mar 14
Listed without action at 1 meeting
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Apr 6
PRS Special PRS MeetingPRSRecommended for Approval Urgent status Forwarded → TAC“To grant NPRR1125 Urgent status; to recommend approval of NPRR1125 as submitted; and to forward to TAC NPRR1125 and the Impact Analysis” — Passed→ TAC for consideration
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Apr 13
TAC TAC MeetingTACRecommended for Approval“To recommend approval of NPRR1125 as recommended by PRS in the 4/6/22 PRS Report” — Passed→ Board for consideration
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Apr 28
BOARD Board of Directors MeetingBOARDRecommended for Approval“To recommend approval of NPRR1125 as recommended by TAC in the 4/13/22 TAC Report” — Passed→ PUCT for consideration
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May 12
PUCTPUCTApproved“To approve NPRR1125 and accompanying ERCOT Market Impact Statement as presented in Project No. 52934, Review of Rules Adopted by the Independent Organization”
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Posted since the last meeting