NPRR #834 · Revision Request
NPRR834 Clarifications for Repossessions of CRRs by ERCOT
- PRS Nov 9 '17
- TAC Nov 30 '17
- BOARD Dec 12 '17
- PUCT —
ReasonAddresses current operational issues. Market efficiencies or enhancements.
Created2017-07-20
Approved2017-12-12
Sections Affected
7.5.3.17.5.5.316.11.6.1.416.11.6.1.5
Summary
This Nodal Protocol Revision Request (NPRR) clarifies processes associated with repossession of Congestion Revenue Rights (CRRs) by ERCOT in circumstances where there has been a Payment Breach or other Default by a Market Participant by: 1. Specifying data transparency requirements; 2. Documenting the disposition of auction revenue funds in excess of amounts owed to ERCOT by the Market Participant; 3. Clarifying that the one-time auction bids must be positive; and allowing immediate transfer of ownership of CRRs to the winning bidder in a one-time CRR auction if this is necessary to ensure the correctness of the inventory for subsequent CRR auctions.
Timeline
- Jun 7
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Jul 20
PRS PRS MeetingPRSDeferred/Tabled Referred → WMS“To table NPRR834 and refer the issue to WMS.” — Passed→ Language Consideration
- Aug 2
- Aug 11
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Sep 6
Listed without action at 3 meetings (Sep 6 '17 – Sep 15 '17)
- Sep 27
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Oct 12
PRS PRS MeetingPRSRecommended for Approval Amended by the Aug 8 '17 ERCOT comments“To recommend approval of NPRR834 as amended by the 8/8/17 ERCOT comments.” — Passed→ Impact Analysis Consideration
- Oct 30
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Nov 9
PRS PRS MeetingPRSRecommended for Approval Forwarded → TAC Amended by the Oct 31 '17 ERCOT comments“To endorse and forward to TAC the 10/12/17 PRS Report as amended by the 10/31/17 ERCOT comments and the Impact Analysis for NPRR834.” — Passed→ Revision Request Consideration
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Nov 30
TAC TAC MeetingTACRecommended for Approval“To recommend approval of NPRR834 as recommended by PRS in the 11/9/17 PRS Report.” — Passed→ Revision Request Consideration
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Dec 12
BOARD Board of Directors MeetingBOARDApproved“Approved NPRR834 as recommended by TAC in the 11/30/17 TAC Report.” — Passed