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ERCOT Protocol Revision Subcommittee Summary Report - June 28, 2012

This document provides a summary of the ERCOT Protocol Revision Subcommittee meeting held on June 28, 2012. It includes recommendations for approval, urgent recommendations, and other binding documents. The report covers NPRRs related to counter-party qualification, CRR shift factors, system-wide offer cap, and more. The document also outlines the prioritization review of upcoming revision request projects discussed at the meeting.

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ERCOT Protocol Revision Subcommittee Summary Report - June 28, 2012

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  1. Protocol Revision Subcommittee Tom Burke June 28, 2012

  2. Summary of Revision Requests 9 NPRRs Recommended for Approval 2 Other Binding Documents Recommended for Approval

  3. Items for a Vote Unopposed Recommendations NPRR436*, Clarify the Use of the Defined Term Season and Its Derivatives NPRR438, Additional Minimum Counter-Party Qualification Requirements, Including Risk Management Capability Requirements NPRR455, CRR Shift Factors Report NPRR458*, Establishment of ERCOT’s Central Counterparty Role NPRR462*, Removal of Consumer Benefit Test from the ERCOT Planning Criteria NPRR468*, Alignment of System-Wide Offer Cap and Scarcity Pricing Mechanism Language with PUCT Substantive Rules – Urgent Recommendations with Opposing Votes NPRR416, Removal of the RUC Clawback Charge for Resources Other than RMR Units NPRR459, Better Matching Forward Collateralization with Forward Risk in the Real-Time Market – Urgent NPRR469, Modifications to CCTs – Urgent (* denotes no impacts)

  4. NPRR Descriptions NPRRs Recommended for Approval

  5. NPRR416, Creation of the RUC Resource Buyback Provision

  6. NPRR436, Clarify the Use of the Defined Term Season and Its Derivatives

  7. NPRR438, Additional Minimum Counter-Party Qualification Requirements, Including Risk Management Capability Requirements

  8. NPRR455, CRR Shift Factors Report

  9. NPRR458, Establishment of ERCOT’s Central Counterparty Role

  10. NPRR459, Better Matching Forward Collateralization with Forward Risk in the Real-Time Market - Urgent

  11. NPRR462, Removal of Consumer Benefit Test from the ERCOT Planning Criteria

  12. NPRR468, Alignment of System-Wide Offer Cap and Scarcity Pricing Mechanism Language with PUCT Substantive Rules - Urgent

  13. NPRR469, Modifications to CCTs - Urgent

  14. Other Binding Documents OBDs Recommended for Approval Addition of Procedure for Setting Forward Risk Multiplier (NPRR459) Addition of System-Wide Offer Cap and Scarcity Pricing Mechanism Methodology (NPRR468)

  15. Project Priority List (PPL) Prioritization Review • At the 6/21/PRS meeting, PRS reviewed upcoming revision request project efforts providing stakeholder input on the priority and plan of action for various items in the project queue • In general, PRS supported the target start dates for revision request projects planned for the remainder of 2012 • In addition, PRS took specific action on the following items • NPRR442, Energy Offer Curve Requirement for Generation Resources Providing Reliability Must-Run Service • reprioritized to Priority 2012; Rank 720 • NPRR207, Unit Deselection • referred to WMS to review and how it relates to NPRR416 • NPRR241, AIL Calculation and Credit Reports Publish Corrections • requested that ERCOT Staff file an NPRR to delete NPRR241 grey-boxes • NOGRR034, Rescind Telemetry Performance Calculation Exclusions • referred to ROS/NDSWG to review • NPRR219, Resolution of Alignment Items A33, A92, A106, and A150 • will be discussed at July PRS meeting • SCR755, ERCOT.com Website Enhancements • referred to MISUG • SCR756, Enhancements to the MarkeTrak Application • referred to RMS/MTTF to review

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