NPRR #499 · Revision Request
NPRR499 Revisions to Digital Certificate Holder Qualification Requirements
ReasonAs currently worded, Section 16.12.1 requires each Market Participant to ensure that its Digital Certificate holders comply with the Foreign Corrupt Practices Act. ERCOT Legal has concluded that this reference is ultimately unnecessary, and that the intent underlying this requirement could more properly be served by a broad prohibition against trading or selling the Digital Certificate. ERCOT also proposes removal of language exempting new Market Participants from certain background review and export control verification requirements for the first six months of their participation in the ERCOT market. Since these requirements have been in place for several years now, there is no longer any compelling reason to exempt Market Participants from these obligations for any period, especially in light of the security risk that such an exemption creates.
Created2012-11-15
Approved2013-03-19
Sections Affected
16.1216.12.116.12.216.2.3
Summary
This Nodal Protocol Revision Request (NPRR) removes references to the Foreign Corrupt Practices Act; removes language giving new Market Participants a six-month exemption from certain Digital Certificate issuance requirements; and adds a prohibition against the trade or sale of Digital Certificates.
Action Log 4 milestones
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Nov 15
PRSRecommended for Approval→ PRS for Impact Analysis review.
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Dec 13
PRSRecommended for Approval→ TAC for consideration.
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Jan 3
TACRecommended for Approval→ ERCOT Board for consideration.
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Mar 19
BOARDApproved
Documents 9
| Name | Type | Posted | Classification |
|---|---|---|---|
| 499NPRR-01 Revisions to Digital Certificate Holder Qualification | doc | Oct 31 '12 | Revision Request |
| 499NPRR-02 Impact Analysis 103112 | doc | Oct 31 '12 | Staff Report |
| 499NPRR-03 Texas Data Transport Working Group Comments 110712 | doc | Nov 7 '12 | Revision Request Comments |
| 499NPRR-04 ERCOT Comments 111212 | doc | Nov 12 '12 | Revision Request Comments |
| 499NPRR-05 RMS Comments 111412 | doc | Nov 14 '12 | Revision Request Comments |
| 499NPRR-06 PRS Report 111512 | doc | Nov 19 '12 | Committee Report |
| 499NPRR-07 PRS Report 121312 | doc | Dec 18 '12 | Committee Report |
| 499NPRR-08 TAC Report 010313 | doc | Jan 4 '13 | Committee Report |
| 499NPRR-09 Board Report 031913 | doc | Mar 21 '13 | Committee Report |
Meetings That Took It Up 5
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Mar 19 '13 | Board of Directors Meeting | BOARD | Concluded |
| Jan 3 '13 | Technical Advisory Committee (TAC) Meeting | TAC | Concluded |
| Dec 13 '12 | Protocol Revision Subcommittee (PRS) Meeting | PRS | Concluded |
| Nov 15 '12 | Protocol Revision Subcommittee (PRS) Meeting | PRS | Concluded |
| Nov 14 '12 | Retail Market Subcommittee (RMS) Meeting | RMS | Concluded |