1 / 7

ERCOT Market Credit Working Group (“MWCG”)

ERCOT Market Credit Working Group (“MWCG”). February 2008 Update to the Wholesale Market Subcommittee February 18, 2008. MWCG Update to WMS. MCWG Charter First MCWG Meeting and Agenda Items to Date Other Items. MCWG Charter -Purpose and Authority.

yosef
Télécharger la présentation

ERCOT Market Credit Working Group (“MWCG”)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ERCOT Market Credit Working Group (“MWCG”) February 2008 Update to the Wholesale Market Subcommittee February 18, 2008

  2. MWCG Update to WMS • MCWG Charter • First MCWG Meeting and Agenda Items to Date • Other Items

  3. MCWG Charter -Purpose and Authority • TAC directed WMS to establish the MCWGto provide WMS with input and recommendations on issues of credit risk management, including but not limited to: • Credit risk mitigation • Credit impact of potential ERCOT Protocol or market design changes • Other areas of implementing best practice credit standards either at the direction on WMS or through review performed by MCWG for consideration by WMS

  4. Other Key Charter Terms of MCWG (1) • Reports to WMS (see II) • Is open to any interested party (see IV, A) • Will provide CWG and F&A with copies of a summary of all reports to WMS (see IV, A) • Voting: informal forum that submits consensus-based recommendations to the WMS (see I) • If not unanimous, the Chair will present the issue and majority and alternative opinion(s) to WMS • Any member of the MCWG may also be present to present their view of the issue to WMS • WMS may either act on the issue or remand it back to the MCWG with instructions on how to proceed • Charter reviewed/ratified at least annually by the WMS (IV, B)

  5. Other Key Charter Terms of MCWG (2) • Leadership (see IV, A) • Initially, the Chair of the MCWG shall be appointed by a vote of WMS • During the inception year, and after approval by WMS of the initial Charter, MCWG shall select a Vice-Chair for WMS confirmation • After the first year, the MCWG shall select a Chair and Vice-Chair for confirmation by the WMS to a one-year term on a calendar year basis • Meetings (see IV, B) • MCWG Chair include scheduling meetings as often as necessary for the working group to perform its duties • Meeting notices ~sent to the MCWG distribution list and posted on the ERCOT web site at least one (1) week prior to the meeting, unless an urgent condition necessitates otherwise • Any interested party may request that an item be added to the MCWG agenda, in writing, at least 72 hours prior to the scheduled meeting. At least 48 hours prior to the scheduled meeting the draft agenda will be posted and sent to the electronic MCWG exploder list • Attendance, either in person or by conference link, is required • ERCOT will support the MCWG in a facilitator’s role.

  6. First MCWG Meeting and Agenda Items to Date • Tentatively planned for First week of March (Mon March 2 – Thurs March 5 ??) • Agenda Items to Date • NPRR147, DAM Short Pay Changes • Market Credit Risk Standard • FERC Jan 13, 2009 Credit Technical Conference Update • we are not governed by FERC, but its prudent to see what is happening with the other ISO/RTOs • Others??

  7. Other Items • Update CWG on MCWG activities tomorrow (Feb 19, 2009) • Additional feedback from WMS on direction/items for MCWG • Will provide feedback to WMS from first meeting(s) of MCWG for March 2009 WMS meeting

More Related