NPRR #834 · Revision Request
NPRR834 Clarifications for Repossessions of CRRs by ERCOT
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.
Action Log 5 milestones
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Jul 20
PRSDeferred/Tabled→ Language Consideration
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Oct 12
PRSRecommended for Approval→ Impact Analysis Consideration
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Nov 9
PRSRecommended for Approval→ Revision Request Consideration
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Nov 30
TACRecommended for Approval→ Revision Request Consideration
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Dec 12
BOARDApproved
Amendments
| Date | Body | Motion | Result |
|---|---|---|---|
| Oct 12 '17 | PRS | To recommend approval of NPRR834 as amended by the 8/8/17 ERCOT comments. | Passed |
| Nov 9 '17 | PRS | 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 |
Documents 12
| Name | Type | Posted | Classification |
|---|---|---|---|
| 834NPRR-01 Clarifications for Repossessions of CRRs by ERCOT 060717 | doc | Jun 7 '17 | Revision Request |
| 834NPRR-02 Impact Analysis 060717 | doc | Jun 7 '17 | Staff Report |
| 834NPRR-03 PRS Report 072017 | doc | Jul 24 '17 | Committee Report |
| 834NPRR-04 WMS Comments 080317 | doc | Aug 3 '17 | Revision Request Comments |
| 834NPRR-05 ERCOT Comments 080817 | doc | Aug 8 '17 | Revision Request Comments |
| 834NPRR-06 WMS Comments 092717 | doc | Sep 27 '17 | Revision Request Comments |
| 834NPRR-07 PRS Report 101217 | doc | Oct 18 '17 | Committee Report |
| 834NPRR-08 Credit WG Comments 101917 | doc | Oct 19 '17 | Revision Request Comments |
| 834NPRR-09 ERCOT Comments 103117 | doc | Oct 31 '17 | Revision Request Comments |
| 834NPRR-10 PRS Report 110917 | doc | Nov 10 '17 | Committee Report |
| 834NPRR-11 TAC Report 113017 | doc | Nov 30 '17 | Committee Report |
| 834NPRR-12 Board Report 121217 | doc | Dec 12 '17 | Committee Report |
Meetings That Took It Up 12
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Dec 12 '17 | Board of Directors Meeting | BOARD | Concluded |
| Nov 30 '17 | TAC Meeting | TAC | Concluded |
| Nov 9 '17 | PRS Meeting | PRS | Concluded |
| Oct 30 '17 | CMWG Meeting | CMWG | Concluded |
| Oct 12 '17 | PRS Meeting | PRS | Concluded |
| Sep 27 '17 | WMS Meeting | WMS | Concluded |
| Sep 15 '17 | CMWG Meeting | CMWG | Concluded |
| Sep 14 '17 | PRS Meeting | PRS | Concluded |
| Sep 6 '17 | WMS Meeting | WMS | Concluded |
| Aug 11 '17 | PRS Meeting | PRS | Concluded |
| Aug 2 '17 | WMS Meeting | WMS | Concluded |
| Jul 20 '17 | PRS Meeting | PRS | Concluded |