NOTICE DATE:  March 18, 2015
NOTICE TYPE:  M-A031815-01 NPRR
SHORT DESCRIPTION:  Implementation details of NPRR612
INTENDED AUDIENCE:  ERCOT Market Participants
DAY AFFECTED:  April 1, 2015
LONG DESCRIPTION:  On April 1, 2015, ERCOT will implement language related to Nodal Protocol Revision Request (NPRR) 612, Reduction of Cure Period Subsequent to Event of Default, which was approved by the ERCOT Board on December 9, 2014.

NPRR612 reduces the cure period for failure to make payment, transfer funds, provide collateral, or designate or maintain an association with a Qualified Scheduling Entity (QSE), to one Business Day subsequent to written notification of the breach.  In addition, the NPRR clarifies that an Invoice payment from excess cash collateral will be considered a Late Payment per Section 16.11.6; eliminates discrepancies between Protocol and Standard Form Agreement language; and aligns terminology in Section 16, Registration and Qualification of Market Participants.


ADDITIONAL INFORMATION:  Pursuant to Nodal Protocol Section 21.6, Nodal Protocol Revision Implementation, ERCOT is required to provide notice as soon as practicable, but no later than ten days prior to implementation.
NPRR612<http://www.ercot.com/mktrules/issues/NPRR612> and associated documents can be found on the ERCOT website.
CONTACT:  If you have any questions, please contact your ERCOT Account Manager. You may also call the general ERCOT Client Services phone number at (512) 248-3900 or contact ERCOT Client Services via email at [log in to unmask]<mailto:[log in to unmask]>.
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