NPRR #673 · Revision Request
NPRR673 Correction to Estimated Aggregate Liability (EAL) for a QSE that Represents Neither Load nor Generation
ReasonAs written in NPRR620, the Initial Estimated Liability (IEL) was defined as a fixed value, and the period for calculation of the IEL was not limited. While this eliminated the problem of certain circumstances where no collateral was required, it also meant that affected Counter-Parties would not receive credit for long positions (to the extent of the Minimum Current Exposure (MCE)), which was not the intent of NPRR620. This NPRR’s correction ensures that affected Counter-Parties can receive credit for long positions while maintaining the MCE.
Created2014-12-11
Approved2015-04-14
Sections Affected
16.11.4.2 and 16.11.4.3
Summary
This Nodal Protocol Revision Request (NPRR) corrects Protocol language introduced by NPRR620, Collateral Requirements for Counter-Parties with No Load or Generation, relating to Qualified Scheduling Entities (QSEs) representing neither Load nor Generation.
Action Log 5 milestones
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Dec 11
PRSDeferred/Tabled→ PRS for consideration
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Feb 12
PRSRecommended for Approval→ PRS for Impact Analysis review
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Mar 12
PRSRecommended for Approval→ TAC for consideration
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Mar 26
TACRecommended for Approval→ ERCOT Board for consideration
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Apr 14
BOARDApproved
Documents 9
| Name | Type | Posted | Classification |
|---|---|---|---|
| 673NPRR-01 Correction to EAL for a QSE that Represents Neither L | doc | Nov 26 '14 | Revision Request |
| 673NPRR-02 Impact Analysis 112614 | doc | Nov 25 '14 | Staff Report |
| 673NPRR-03 PRS Report 121114 | doc | Dec 12 '14 | Committee Report |
| 673NPRR-04 Credit WG Comments 121914 | doc | Dec 19 '14 | Revision Request Comments |
| 673NPRR-05 Credit WG Comments 012615 | doc | Jan 26 '15 | Revision Request Comments |
| 673NPRR-06 PRS Report 021215 | doc | Feb 13 '15 | Committee Report |
| 673NPRR-07 PRS Report 031215 | doc | Mar 13 '15 | Committee Report |
| 673NPRR-08 TAC Report 032615 | doc | Mar 27 '15 | Committee Report |
| 673NPRR-09 Board Report 041415 | doc | Apr 14 '15 | Committee Report |
Meetings That Took It Up 8
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Apr 14 '15 | Board of Directors Meeting | BOARD | Concluded |
| Mar 26 '15 | TAC Meeting | TAC | Concluded |
| Mar 12 '15 | PRS Meeting | PRS | Concluded |
| Feb 12 '15 | PRS Meeting | PRS | Concluded |
| Jan 20 '15 | CWG/MCWG Meeting | CREDITWG | Concluded |
| Jan 15 '15 | PRS Meeting | PRS | Concluded |
| Dec 12 '14 | Joint CWG/MCWG Meeting | CREDITWG | Concluded |
| Dec 11 '14 | PRS Meeting | PRS | Concluded |