NPRR #1184 · Revision Request
NPRR1184 Update to Procedures for Managing Interest on Cash Collateral
- PRS Sep 13 '23
- TAC Sep 26 '23
- BOARD Oct 17 '23
- PUCT Nov 30 '23
ReasonMarket efficiencies or enhancements
Created2023-06-14
Approved2023-11-30
Sections Affected
16.11.316.11.4.7
Summary
This Nodal Protocol Revision Request (NPRR) clarifies ERCOT’s management of interest received by ERCOT and owed to Counter-Parties for posted Cash Collateral, and requires ERCOT to credit Counter-Party Collateral accounts for interest on a monthly basis, as opposed to the current annual process. Additionally, this NPRR requires ERCOT to report the interest calculation.
Timeline
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May 30
PRSFiled by Tenaska
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Jun 14
PRS PRS MeetingPRSRecommended for Approval“to recommend approval of NPRR1184 as submitted” — Passed→ Impact Analysis Consideration
- Jul 13
- Aug 10
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Sep 13
PRS PRS MeetingPRSRecommended for Approval Forwarded → TAC Amended by the Sep 11 '23 ERCOT comments priority 2024 · rank 4060“to endorse and forward to TAC the 7/13/23 PRS Report as amended by the 9/11/23 ERCOT comments and 9/6/23 Impact Analysis for NPRR1184 with a recommended priority of 2024 and rank of 4060 for Phase 2” — Passed→ Revision Request Consideration
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Sep 26
TAC TAC MeetingTACRecommended for Approval“to recommend approval of NPRR1184 as recommended by PRS in the 9/13/23 PRS Report” — Passed→ Revision Request Consideration
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Oct 17
BOARD Board of Directors MeetingBOARDRecommended for Approval“to recommend approval of NPRR1184 as recommended by TAC in the 9/26/23 TAC Report” — Passed→ Revision Request Consideration
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Oct 19
Listed without action at 1 meeting
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Nov 30
PUCTPUCTApproved“to approve NPRR1184 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Rules Adopted by the Independent Organization” — Passed
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Posted since the last meeting