NPRR017
| Title: |
Discontinuation of Interest Charge for Defaulting Entities at Time of Uplift |
| Next Group: |
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| Next Step: |
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| Status: |
Approved on 10/17/2006 |
| Related Issue: |
PRR681 |
| Related Project: |
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Vote tallies here reflect individual votes, not the weight of the votes by market segment. Affirmative votes are not recorded in these vote tallies. For additional details on the voting record, please consult the Recommendation or Action Report, or the official vote tally if available, as posted in the key documents.
| Status: |
Approved |
| Date Posted: |
08/10/2006 |
| Sponsor: |
TXU Energy |
| Urgent: |
No |
| Sections: |
9.7.3, 9.7.5 |
| Description: |
This PRR allows ERCOT to cease the calculation of interest (Late Fees) for defaulting entities when the conditions initiating uplift are met. Late Fee calculations will continue for Short paying entities until uplift conditions are met. |
| Reason: |
Currently, the Interest is calculated on any unpaid balance. At 180 days ERCOT must uplift the total short pay amount, excluding late fees. The protocols state that late fees are not uplifted therefore the late fees are continually being compounded. At the time when uplift conditions are met the interest calculation should be discontinued. This NPRR will mirror the PRR of the same title. |
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(06/13/07, .doc, )
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(06/14/07, .doc, )
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(10/19/06, .doc, )
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(10/06/06, .doc, )
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(09/26/06, .doc, )
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(08/23/06, .doc, )
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(08/16/06, .doc, )
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(08/16/06, .doc, )
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(08/10/06, .doc, )
