NPRR #554 · Revision Request
NPRR554 Clarification of Future Credit Exposure Calculation
ReasonTo ensure that FCE calculations are performed in accordance with the original intent of NPRR484.
Created2013-07-18
Approved2013-09-17
Sections Affected
16.11.4.5
Summary
This Nodal Protocol Revision Request (NPRR) clarifies certain language in Section 16.11.4.5, Determination of the Counter-Party Future Credit Exposure, that was introduced by NPRR484. In particular, this NPRR proposes (1) revisions to the Future Credit Exposure (FCE) calculation to explicitly recognize deferred Invoice-related exposure separate from mark-to-market exposure; (2) modification of certain variables and subscripts that would otherwise appear to require calculation of certain portfolio-level values based on path-specific inputs; and (3) various administrative revisions. These changes are intended to be consistent with, and in furtherance of, the purposes of NPRR 484.
Action Log 3 milestones
-
Jul 18
PRSRecommended for Approval→ TAC for consideration
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Sep 5
TACRecommended for Approval→ ERCOT Board for consideration
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Sep 17
BOARDApproved
Amendments
| Date | Body | Motion | Result |
|---|---|---|---|
| Sep 5 '13 | TAC | To recommend approval of NPRR554 as recommended by PRS in the 7/18/13 PRS Report, as amended by the 7/29/13 Luminant comments and as revised by TAC. | Passed |
Documents 8
| Name | Type | Posted | Classification |
|---|---|---|---|
| 554NPRR-01 Clarification of Future Credit Exposure Calculation 0 | doc | Jul 3 '13 | Revision Request |
| 554NPRR-02 Impact Analysis 070313 | doc | Jul 3 '13 | Staff Report |
| 554NPRR-03 WMS Comments 071113 | doc | Jul 11 '13 | Revision Request Comments |
| 554NPRR-04 PRS Report 071813 | doc | Jul 22 '13 | Committee Report |
| 554NPRR-05 Luminant Comments 072913 | doc | Jul 31 '13 | Revision Request Comments |
| 554NPRR-06 CWG Comments 080113 | doc | Aug 1 '13 | Revision Request Comments |
| 554NPRR-07 TAC Report 090513 | doc | Sep 5 '13 | Committee Report |
| 554NPRR-08 Board Report 091713 | doc | Sep 18 '13 | Committee Report |
Meetings That Took It Up 10
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Dec 8 '15 | Board of Directors Meeting | BOARD | Concluded |
| Oct 29 '15 | TAC Meeting | TAC | Concluded |
| Oct 15 '15 | PRS Meeting | PRS | Concluded |
| Sep 10 '15 | PRS Meeting | PRS | Concluded |
| Sep 17 '13 | Board of Directors Meeting | BOARD | Concluded |
| Sep 5 '13 | Technical Advisory Committee (TAC) Meeting | TAC | Concluded |
| Aug 21 '13 | Operations Working Group (OWG) Meetings | OWG | Concluded |
| Jul 31 '13 | Joint Credit Working Group (CWG)/Market Credit Working Group (MCWG) Meeting | CREDITWG | Concluded |
| Jul 18 '13 | Protocol Revision Subcommittee (PRS) Meeting | PRS | Concluded |
| Jul 10 '13 | Wholesale Market Subcommittee (WMS) Meeting | WMS | Concluded |