NPRR690  Incorporation of Creditworthiness Standards into Protocols

This Nodal Protocol Revision Request (NPRR) incorporates the ERCOT Creditworthiness Standards (which currently resides in an Other Binding Document (OBD)) into the Protocols, and deletes references to the OBD. In addition, it corrects discrepancies between Protocols and the current Creditworthiness Standards relating to requirements to receive unsecured credit and in certain terminology, eliminates the annual Finance and Audit Committee review process for letter of credit concentration limits in favor of the change control process used elsewhere in Protocols, corrects a discrepancy between requirements for Electric Cooperatives (ECs) and applicable regulatory standards, and aligns Protocol language with the current Creditworthiness Standards to clarify that audited financial statements must be in accordance with Generally Accepted Accounting Principles (GAAP) or International Accounting Standards (IAS).