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From:
ERCOT Client Services <[log in to unmask]>
Date:
Mon, 17 Sep 2012 21:04:16 +0000
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NOTICE DATE:  September 17, 2012
NOTICE TYPE:  M-A091712-01 Education/Training
SHORT DESCRIPTION:  ERCOT to provide credit training related to the implementation of NPRR347 and NPRR400
INTENDED AUDIENCE:  CRRAH and QSE credit and settlements personnel
DAY AFFECTED:  September 25, 2012 (deadline to register)

LONG DESCRIPTION:  Nodal Protocol Revision Request (NPRR) 347, Single Daily Settlement Invoice and Updates to Credit Calculations, Including Addition of a Minimum Collateral Exposure Component (formerly "Counter-Party Invoice and Single Daily Settlement Invoice"), reduces the Real Time Liability Extrapolated (RTLE) component of the Estimated Aggregate Liability (EAL) calculation from 40 days to 32 days. NPRR347 also combines the Day-Ahead Market (DAM) and the Real-Time Market (RTM) Invoices into a single daily Settlement Invoice.

NPRR400, Eliminate Unsecured Credit for CRR Auctions and for Future Credit Exposure and Eliminate Netting of FCE with CCE, requires that the Future Credit Exposure (FCE) component of the credit calculation, and the Congestion Revenue Right (CRR) Auction credit limit, be collateralized with cash, letter of credit or surety bond. Unsecured credit limits and unsecured limits through guarantee agreements will no longer be available to cover exposure related to FCE calculation and the CRR Auction.

ERCOT has scheduled credit training related to the implementation of NPRR347 and NPRR400. This training is intended for credit and/or settlement representatives of ERCOT Market Participants wanting a general knowledge of the changes to the current credit calculations based on the implementation of these NPRRs. The course is open to the public as well, subject to space availability.
The location and schedule for the training is shown below (note that this is the same one day course being offered on three different dates). This course will also be available via WebEx.
Credit Training Workshop

WebEx Information (https://ercot.webex.com)

October 8, 2012

09:30 to 12:30

Austin, TX

ERCOT Austin<http://www.ercot.com/about/locations/>
7620 Metro Center Dr.
Austin, TX 78744

Teleconference: 1-877-668-4493
Meeting number: 658 161 609
Meeting password: Credit1008##

October 9, 2012

09:30 to 12:30

Austin, TX

ERCOT Austin<http://www.ercot.com/about/locations/>
7620 Metro Center Dr.
Austin, TX 78744

Teleconference: 1-877-668-4493
Meeting number: 653 257 573
Meeting password: Credit1009##

November 1, 2012

09:30 to 12:30

Austin, TX

ERCOT Austin<http://www.ercot.com/about/locations/>
7620 Metro Center Dr.
Austin, TX 78744

Teleconference: 1-877-668-4493
Meeting number: 652 863 666
Meeting password: Credit1101##




ACTION REQUIRED:  Please register for the course via ERCOT's Learning Management System<https://www.ercottraining.com/lms/default.asp> (LMS). The first time you access the LMS, you will need to create an account. Click the link to create an account and complete the information requested. Then, click the "Create My Account" link. Once your account has been created, click "Sign In" and you will be directed to the "My Courses" page. Scroll down to Nodal Market Readiness Workshops (M), click the M.Credit Training Workshop link and register for the instructor-led class or WebEx.

The deadline to register is Tuesday, September 25, 2012. Onsite training room capacity is 40 people. Registration confirmation is subject to ERCOT receiving the required registration through the LMS. ERCOT cannot guarantee access to the session without prior registration.

Note that ERCOT reserves the right to reschedule the class for a future date if there is not sufficient interest in the training dates being offered.

ADDITIONAL INFORMATION:  ERCOT requests that only WebEx participants who are registered via LMS participate in the training. LMS credit will only be given to registered participants, and the only way to register is through the LMS. Email RSVPs will not be accepted.

A high level agenda of the topics being covered can be found on the ERCOT training webpage at http://www.ercot.com/services/training/course/91. Presentations used in the ERCOT Credit Training Workshop will also be posted to the training webpage approximately five days before the first training date. ERCOT will not be providing printed training materials to onsite attendees. However, wireless internet access will be available at the training location.

CONTACT:  If you have any questions, please contact ERCOT Training via email at [log in to unmask]<mailto:[log in to unmask]>. You may also contact your ERCOT Account Manager or call the general ERCOT Client Services phone number at (512) 248-3900.
If you are receiving email from an ERCOT distribution list that you no longer wish to receive, please follow this link in order to unsubscribe from this list: http://lists.ercot.com.





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