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NPRR #391 · Revision Request

NPRR391  Shortening RTM Settlement and Payment Timeline and Eliminate ACH as a Mode of Payment

Approved sponsor ERCOT posted 2011-07-05 ercot.com
ReasonThis NPRR improves the timeliness of clearing market activity and helps ensure that all funds received are "good funds". This NPRR makes ERCOT settlements for real time activity substantially similar to that encouraged by the Commodities Futures Trading Commission (CFTC).
Created2011-07-21
Approved2011-10-18
Sections Affected
9.5.49.7.19.7.49.9.1`9.11.19.19.2.1
Summary
This Nodal Protocol Revision Request (NPRR) shortens the posting timeline for the Real-Time Initial Statement by one Business Day, and shortens cash clearing for the Settlement Invoices in which it will be included by one Bank Business Day. This NPRR also eliminates the option of making payments using Automated Clearing House (ACH) funds.
Action Log 4 milestones
Amendments
DateBodyMotionResult
Sep 1 '11TAC To recommend approval of NPRR391 as revised by TAC.Passed
Documents 7
NameTypePostedClassification
391NPRR-01 Shortening RTM Settlement and Payment Timeline and El doc Jul 6 '11 Revision Request
391NPRR-02 Preliminary Impact Analysis 070611 doc Jul 6 '11 Staff Report
391NPRR-03 PRS Report 072111 doc Jul 25 '11 Committee Report
391NPRR-04 Impact Analysis 081111 doc Aug 11 '11 Staff Report
391NPRR-05 PRS Report 081811 doc Aug 22 '11 Committee Report
391NPRR-06 TAC Report 090111 doc Oct 5 '11 Committee Report
391NPRR-07 Board Report 101811 doc Oct 18 '11 Committee Report
Meetings That Took It Up 7
DateMeetingCommitteeStatus
Nov 8 '11 COPS Meeting COPS Concluded
Oct 18 '11 Board of Directors Meeting BOARD Concluded
Sep 22 '11 COPS Communication Working Group (CCWG) Meeting CCWG Concluded
Sep 1 '11 TAC Meeting TAC Concluded
Aug 18 '11 PRS Meeting PRS Concluded
Aug 5 '11 Joint CWG/MCWG Meeting MCWG Concluded
Jul 21 '11 PRS Meeting PRS Concluded