NPRR #438 · Revision Request
NPRR438 Additional Minimum Counter-Party Qualification Requirements, Including Risk Management Capability Requirements
ReasonTo reduce risk in the ERCOT market and to satisfy expected Commodities Exchange Act exemption requirements. These requirements will also make the ERCOT market more consistent with other Independent System Operator requirements.
Created2012-02-23
Approved2012-07-17
Sections Affected
1.3.1.116.11.4.116.16(new) 16.16.1(new) 16.16.2(new) 16.16.3(new) Attachment J(new)
Summary
This Nodal Protocol Revision Request (NPRR) establishes minimum requirements for Counter-Parties to participate in the ERCOT markets. These requirements are in addition to other requirements currently defined in the Protocols. Specifically, Counter-Parties must certify that they: (1) Have appropriate expertise in markets; (2) Have appropriate market operational capabilities; (3) Meet minimum capitalization requirements; and (4) Have risk management capabilities with respect to operating in the ERCOT markets. In addition, this NPRR will require ERCOT to verify the risk management framework for specified Counter-Parties.
Action Log 5 milestones
-
Feb 23
PRSDeferred/Tabled→ PRS consideration
-
May 17
PRSRecommended for Approval→ PRS consider the IA
-
Jun 21
PRSRecommended for Approval→ TAC consideration
-
Jun 28
TACRecommended for Approval→ Board consideration
-
Jul 17
BOARDApproved
Amendments
| Date | Body | Motion | Result |
|---|---|---|---|
| May 17 '12 | PRS | To recommend approval of NPRR438 as amended by the 4/30/12 Credit WG comments and as revised by PRS. | Passed |
Documents 19
| Name | Type | Posted | Classification |
|---|---|---|---|
| 438NPRR-01 Additional Minimum Counter-Party Qualification Requir | doc | Jan 24 '12 | Revision Request |
| 438NPRR-02 Impact Analysis 012412 | doc | Jan 24 '12 | Staff Report |
| 438NPRR-03 DC Energy Texas LLC Comments 020912 | doc | Feb 9 '12 | Revision Request Comments |
| 438NPRR-04 JPMorgan Ventures Energy Corporation 021512 | doc | Feb 15 '12 | Revision Request Comments |
| 438NPRR-05 TriEagle Energy Comments 022012 | doc | Feb 20 '12 | Revision Request Comments |
| 438NPRR-06 Edison Mission Comments 022012 | doc | Feb 20 '12 | Revision Request Comments |
| 438NPRR-07 Vitol Comments 022112 | doc | Feb 21 '12 | Revision Request Comments |
| 438NPRR-08 NRG Comments 022212 | doc | Feb 22 '12 | Revision Request Comments |
| 438NPRR-09 PRS Report 022312 | doc | Feb 27 '12 | Committee Report |
| 438NPRR-10 STEC Comments 03192012 | doc | Mar 19 '12 | Revision Request Comments |
| 438NPRR-11 Credit WG Comments 043012 | doc | Apr 30 '12 | Revision Request Comments |
| 438NPRR-12 STEC Comments 051012 | doc | May 10 '12 | Revision Request Comments |
| 438NPRR-13 WMS Comments 051512 | doc | May 15 '12 | Revision Request Comments |
| 438NPRR-14 PRS Report 051712 | doc | May 22 '12 | Committee Report |
| 438NPRR-15 ERCOT Comments 061812 | doc | Jun 18 '12 | Revision Request Comments |
| 438NPRR-16 PRS Report 062112 | doc | Jun 22 '12 | Committee Report |
| 438NPRR-17 TAC Report 062812 | doc | Jun 29 '12 | Committee Report |
| 438NPRR-18 ERCOT Comments 071312 | doc | Jul 13 '12 | Revision Request Comments |
| 438NPRR-19 Board Report 071712 | doc | Jul 17 '12 | Committee Report |
Meetings That Took It Up 14