[00:00:01]
RIGHT.GOOD MORNING TAC MEMBERS AND GUESTS.
SO, UH, I APPRECIATE EVERYONE MAKING IT TO THIS WEBEX ONLY VERSION OF THE JULY TAC MEETING.
[1. Antitrust Admonition]
GOT THE ANTITRUST ADMONITION AND THE DISCLAIMER ON THE SCREEN AS YOU'RE READING THROUGH THAT.I WANTED TO NOTE THE DIFFERENT ALTERNATE REPS AND PROXIES THAT WE HAVE TODAY.
UH, FROM THE COOPERATIVE SEGMENT, MIKE WISE HAS PROVIDED HIS ALTERNATE REP TO KATIE RICH, EMILY JOLLY HAS PROVIDED HERS TO BLAKE HOLT, UH, FROM THE INVESTOR-OWNED UTILITY SEGMENT.
RICHARD ROSS HAS PROVIDED HIS ALTERNATE REP TO BLAKE GROSS AND, UH, IN THE MUNI SEGMENT.
RUSSELL FRANKLIN HAS PROVIDED HIS ALTERNATE REP TO CURTIS CAMPO.
UM, ON THE PROXY SIDE, IN THE INDEPENDENT GENERATOR SEGMENT, WE'VE GOT KAITLYN SMITH WHO HAS PROVIDED HER PROXY TO BOB HELTON TODAY, AND THAT IS ALL THE ALT REPS AND PROXIES THAT WE HAVE FOR TODAY.
SO, OKAY, UM, ASSUMING EVERYONE'S HAD THE OPPORTUNITY TO SEE THE ANTITRUST ADMONITION IN THE DISCLAIMER, WE'LL GO AHEAD AND MOVE, UH, INTO OUR AGENDA.
UM, YOU CAN SEE WE'VE GOT A, UH, FAIRLY LENGTHY AGENDA, NUMBER OF ITEMS, BUT I BELIEVE THEY'LL MOVE THROUGH, UH, FAIRLY QUICKLY THERE.
[2. Approval of TAC Meeting Minutes (Possible Vote)]
IS APPROVAL OF THE TAC MEETING MINUTES FROM JUNE 27TH, 2023.UH, I AM NOT AWARE OF ANY MODIFICATIONS OR CHANGES TO THAT.
SUSIE, CAN YOU CONFIRM THAT? YES, YOU ARE CORRECT, CLIFF.
IF THERE'S NO COMMENTS OR QUESTIONS ON THE JUNE 27TH, 2023 MEETING MINUTES, I'D LIKE TO GO AHEAD AND PLACE THOSE ON THE COMBO BALLOT.
ANY OBJECTIONS TO DOING SO? OKAY, SEE NONE.
WE SHALL PLACE THAT ON THE COMBO BALLOT.
[3. Meeting Updates]
IN THE DISCUSSION, UM, IS THE MEETING UPDATES FOR THE JUNE 29TH AND JULY 20TH, 2023 MEETING, UH, P C UH, T OPEN MEETINGS, UH, NOT MUCH TO REPORT THERE.THERE'S OBVIOUSLY QUITE A BIT GOING ON OVER AT THE PUBLIC UTILITY COMMISSION AS IT PERTAINS TO TAC AT THIS POINT IN TIME.
REALLY JUST WANTED TO, UH, ALLOW YOU TO HAVE, UH, TO KNOW THAT ALL OF THE REVISION REQUESTS THAT WE RECOMMENDED AND WERE SENT UP TO THE BOARD, UH, FOR APPROVAL, UM, HAVE BEEN APPROVED AND ADOPTED BY THE PUBLIC UTILITY COMMISSION.
ANY COMMENTS OR QUESTIONS ON THAT PARTICULAR ITEM? ALL RIGHT.
SEEING NONE, WE'LL MOVE ON TO AGENDA ITEM
[4. Review of ERCOT Market Impact Statements/Opinions and IMM Opinions]
NUMBER FOUR, WHICH IS THE REVIEW OF THE ERCOT MARKET IMPACT STATEMENTS AND OPINIONS, AS WELL AS THE I M M OPINIONS.SO WE'LL START OUT WITH ANNE, IF YOU WANTED TO, UH, PROVIDE THE ERCOT MARKET IMPACT STATEMENTS.
THANKS, CLIFF, CAN YOU CONFIRM? YOU CAN HEAR ME? HELLO? YES, ANNE, WE CAN HEAR YOU.
UM, ERCOT IS IN SUPPORT OF ALL THE REVISION REQUESTS BEING CONSIDERED BY T.
UM, I KNOW THAT I M M HAS STAYED A SUPPORT FOR BC M R 34 N P R 1182, AND O B D R 47, AND HAS NO OPINION ON THE REMAINING REVISION REQUESTS.
I'LL NOTE THAT WE DON'T HAVE A MARKET IMPACT STATEMENT OR OPINION YET FOR O B D R 46, AS WE WILL BE ASKING THAT BE TABLED, PENDING N P R 1188.
UH, I WANNA ASK CARRIE, WAS THERE ANYTHING THAT YOU WANTED TO ADD TO THAT BEYOND WHAT ANNE HAD ALREADY NOTED? OKAY, KERRY SAID NO IN THE CHAT, SO THANK YOU, CARRIE.
[5. PRS Report (Vote)]
ITEM NUMBER FIVE, THE P R S REPORT.MARTHA HENSON FROM ENCORE WITH THE P R S UPDATE.
THERE ARE FOUR TOTAL VOTING ITEMS FOR T TO CONSIDER THIS MORNING.
THE FIRST THREE OF THOSE BEING NPRS.
UM, FIRST TWO NPRS ON THIS SLIDE HERE WERE UNOPPOSED THAT P R S 1182 IS INCLUDING ENERGY STORAGE RESOURCES AND CONTROLLABLE LOAD RESOURCES IN THE CONSTRAINT COMPETITIVENESS TEST PROCESSES TO BETTER IDENTIFY MARKET POWER SITUATIONS.
THE IMPACT ANALYSIS FOR THIS ONE WAS BETWEEN 60 AND 90,011 83 IS CHANGING THE POSTING LOCATIONS FOR SEVERAL ERCOT DOCUMENTS FROM THE M I S SECURE AREA TO THE ERCOT WEBSITE.
AND THIS IS PART OF ERCOT BROADER ONGOING PLAN TO ADDRESS THE E C E I PROVISIONS THAT WERE CREATED N P R 9 0 2 A FEW YEARS AGO.
THE IMPACT ANALYSIS FOR THIS ONE IS 50 TO 75,000, AND ACTUALLY BOTH OF THESE NPRS WERE SPONSORED BY ERCOT.
UH, THE ONE HERE REMAINING ON THIS SLIDE IS 1165, ALSO SPONSORED BY ERCOT.
UM, THIS ONE'S ADDRESSING MARKET ENTRY AND ONGOING PARTICIPATION REQUIREMENTS FOR QUEASY AND C R R ACCOUNT HOLDERS, UH,
[00:05:01]
INCLUDING THE PROVISION OF FINANCIAL STATEMENTS AND FINANCIAL SECURITY TO PARTICIPATE IN OUR CO MARKET.THE IMPACT ANALYSIS FOR THIS ONE IS 52 A HUNDRED THOUSAND ON THE LANGUAGE VOTE FOR THIS N P R R.
BACK IN JUNE, THERE WAS ONE OPPOSING FROM THE MUNICIPAL SEGMENT, AND THEN ON THE IMPACT ANALYSIS VOTE IN JULY AT P R S 1165 HAD THREE ABSTENTIONS.
THOSE CAME FROM C P S, GREENVILLE ELECTRIC AND OLIAN.
UM, THE NEXT SLIDE, OH, SORRY.
I WAS GONNA ASK YOU TO GO AHEAD AND ROLL THROUGH THE, THROUGH THROUGH THE NEXT SLIDE AS WELL, MARTHA.
UH, HERE ON THE NEXT SLIDE, THE LAST VOTING ITEM ARE SOME REVISIONS TO THE OTHER BINDING DOCUMENT LIST THAT WE APPROVED THIS MONTH.
UM, THE, THE MODIFICATIONS, UH, FOR TODAY ARE TO REMOVE THE ANNUAL LOAD DATA REQUEST PROCEDURES FROM THE O B D LIST, AND ALSO TO UPDATE THE CHANGE CONTROL NOTES FOR THE VERIFIABLE COST MANUAL.
UH, I JUST WANTED TO ADD THAT MORE BROADLY.
THERE IS AN EFFORT UNDERWAY BY ERCOT, UH, THAT'S BEEN HAPPENING, YOU KNOW, THE LAST FEW MONTHS AT P R S AS WELL TO TAKE INVENTORY OF THE ITEMS THAT ARE CONSIDERED OTHER BINDING DOCUMENTS WITH THE PLAN BEING TO MOVE SOME OF THOSE INTO THE PROTOCOLS OR GUIDES, OR IF THE O B D IS NOT BINDING, UM, FOR EXAMPLE, MAYBE AN ERCOT INTERNALLY APPROVED DOCUMENT TO ELIMINATE ITS CLASSIFICATION AS ANOTHER BINDING DOCUMENT.
SO IF ANYONE HAS AN INTEREST IN THAT EFFORT, IT'LL PROBABLY BE ONGOING FOR AT LEAST A FEW MORE MONTHS DURING P R SS, AND THAT TAKES CARE OF ALL THE VOTING ITEMS. CLIFF.
ALRIGHT, THANKS VERY MUCH MARTHA.
SO, UH, WE'VE GOT A COUPLE FOLKS IN THE QUEUE HERE.
LET ME, BEFORE WE HIT THE QUEUE, I'D LIKE TO, LIKE TO SEE IF WE CAN, UH, TAKE CARE OF A LITTLE BIT OF THE BUSINESS UPFRONT.
SO I THINK N P R R 11 82, 11 83 AND THE O B D LIST AS RECOMMENDED BY P R S, CAN MORE THAN LIKELY GO ON THE COMBO BALLOT.
UM, SO BEFORE WE HIT THE QUEUE, I'D LIKE TO SEE IF THERE'S ANY OBJECTIONS TO THOSE THREE ITEMS GOING ON THE COMBO BALLOT.
SEEING NONE, WE'LL PLACE N P R R 1182 N P R R 1183 AND APPROVAL OF THE O B D LIST AS RECOMMENDED BY P R S ON THE COMBO BALLOT.
SO WE'LL RETURN TO THE QUEUE NOW.
SO WE'VE GOT ERIC GOFF FOLLOWED BY DAVID KEY.
HEY CLIFF, UH, I JUST WANTED TO RECOMMEND APPROVAL OF N P R 1165.
OKAY, SO MOVE, SO WE'LL STOP FOR A SECOND.
DO WE HAVE A SECOND FOR THAT? WE HAVE A SECOND FROM BILL BARNES.
SO WE'VE GOT A MOTION TO RECOMMEND APPROVAL OF N P R R 1165 AND A SECOND THERE.
SO, DAVID KEY? YEAH, CLIFF, I WAS JUST GONNA REQUEST WE PULL THIS, BUT IT SOUNDS LIKE WE'VE ALREADY GONE GONE THAT DIRECTION, SO WE'LL JUST, UH, WAIT FOR THE VOTE.
SO, ANY OTHER COMMENTS OR QUESTIONS ON N P R R 1165 BEFORE WE, UH, MOVE FORWARD FROM VOTE? ALRIGHT, SEEING NONE, FORRY, I THINK IT'S, UH, OVER TO YOU NOW.
ON THE MOTION TO RECOMMEND APPROVAL OF 1165 IS RECOMMENDED BY P R S IN THE JULY P R SS REPORT.
WE WILL START UP WITH THE CONSUMERS, WITH MARK.
ONTO OUR CO-OPS, UH, KATIE, FOR MIKE WISE? YES.
THANK YOU BLAKE FOR EMILY? YES.
CHRISTIAN POWELL, ARE YOU WITH US? LOOK BACK, HOW ABOUT CLIFF? YES, THANK YOU.
ONTO OUR INDEPENDENT GENERATORS.
ONTO OUR IPMS. JEREMY? YES, THANK SIR REMI? YES.
[00:10:01]
SETH.I SEE, I SEE YOU'RE VOTE IN THE CHAT.
BACK TO OUR IRES, CHRIS? YES, THANK YOU, JENNIFER.
UH, BLAKE ROSE FOR RICHARD BLAKE.
YOU WITH US? OH, I GOT YOU IN THE CHAT.
AND CURTIS FOR RUFFLE? YES, THANK YOU.
ONE OPPOSED? ALL RIGHT, THANKS VERY MUCH, COREY.
SO DAVID, IF YOU DON'T MIND PROVIDING, UM, AFTER THE FACT, UH, YOUR, YOUR REASON FOR THE DISSENT ON THAT, UM, SO WE CAN MORE FULLY INFORM R AND M AND THE BOARD I'D, I'D CERTAINLY APPRECIATE THAT, BUT, OKAY, THAT CONCLUDES THE P R S REPORT.
MARTHA, THANKS VERY MUCH FOR THAT.
UM, NEXT ITEM ON OUR AGENDA IS ITEM NUMBER
[6. Revision Requests Tabled at TAC (Possible Vote)]
SIX, WHICH ARE THE REVISION REQUESTS THAT ARE TABLED AT ATTACK.UH, SO WE HAVE TWO OF 'EM THAT ARE STILL SITTING HERE WITH US RIGHT NOW, N P R R 11 AND 73.
UH, DID WANT POINT IT OUT THAT WE ARE STILL AWAITING RG, UH, R M G RRR, UH, 1 74.
SO, UH, R G M R R, SORRY, RETAIL MARKET GUIDE REVISION REQUEST 1 74.
WE'RE WAITING ON THAT ONE, SO WE'LL LEAVE THAT ONE, UH, TABLED AT THIS POINT.
UH, THE NEXT ONE IS N P R R 1176.
SO WE WERE, UH, WAITING ON THE ASSOCIATED NOER TO CATCH UP TO THAT ONE.
UH, SO WE NOW HAVE IT READY TO GO.
UM, AND WE CAN, IF WE WOULD LIKE, TAKE UP BOTH THIS ONE AND THE ASSOCIATED NOER, WHICH IS, HOLD ON JUST A SECOND HERE.
SO, LIKE, AND MOVE THOSE TO THE COMBO BALLOT.
UM, IF THERE'S NO OBJECTION TO DOING SO, ANY COMMENTS OR QUESTIONS, UH, ANY OBJECTION TO MOVING, UH, IN P R 1176 AND NOER 2 52 TO THE COMBO BALLOT.
OKAY, HEARING NONE, WE'LL MOVE THOSE TO THE COMBO BALLOT.
I JUST WANTED TO POINT OUT THE REVISED IA ON 1176, AND THAT'S THE ONE THAT Y'ALL BE APPROVING.
I'M SORRY, ANN, THANK YOU FOR POINTING THAT.
SO ANYHOW, UM, DID, CAN CUT RUN THROUGH THAT REVISED IA REAL QUICK.
YEAH, IF, IF WE WANNA BRING IT UP.
UM, SO THE ORIGINAL IA HAD A TWO TO THREE MONTH IMPLEMENTATION TIMEFRAME AND THE REVISED IA, UM, SINCE THERE'S BEEN SOME WORK DONE ON E M SS TO HELP WITH THIS, UM, HELP THE CHANGES WITH 1176, IT CAN NOW TAKE EFFECT FOLLOWING P U C APPROVAL, WHICH WOULD GIVE IT AN OCTOBER 1ST EFFECTIVE DATE.
ALL RIGHT, ANY COMMENTS OR QUESTIONS FOR ERCOT ON THE REVISED IA? OKAY, SEEING NONE, WE WILL CONTINUE AND, UH, MOVE THOSE TWO ITEMS TO THE COMBO BALLOT.
ALL RIGHT, THANKS FOR, THANKS FOR KEEPING ME STRAIGHT THERE, ANNE
[7. Other Binding Documents (Vote)]
IS AGENDA ITEM NUMBER SEVEN, OTHER BINDING DOCUMENTS.UM, SO WE'VE GOT O B D R R 0 4 6, AND AS ANN HAD POINTED OUT, UH, EARLIER, UM, WE WOULD, UH, OR PAT'S REQUESTING THAT WE DO TABLE THAT REVISION REQUEST.
UM, ANY COMMENTS OR QUESTIONS ON THAT PARTICULAR REVISION REQUEST OR ANY OPPOSITION TO MOVING THE TABLING OF THAT ITEM TO THE CONVO BALLOT? OKAY, GO AHEAD, BRIAN.
SORRY, I NEEDED TO COME OFF MUTE.
UH, I JUST, THE, THE TABLE, THE PUBLIC TABLE ON E E A TRIGGERS THAT ARE PUTS OUT IS SUPER USEFUL.
AND I'M WONDERING IF, UH, WHEN THE, IF THIS CHANGE BECOMES EFFECTIVE ON OCTOBER 1ST, IF THAT TABLE CAN ALSO BE UPDATED ACCORDINGLY, PLEASE.
I, I KNOW WE HAVE PLANS TO MAKE UPDATES, UH, BRIAN TO THE MATERIALS THAT ARE ON OUR CARD.COM, WHICH HAVE E E A TRIGGERS.
[00:15:01]
0.1 YOU ARE POINTING TO GETS UPDATED AS WELL.AND THAT WAS RELATED TO N P R 1176, UH, BOUNCING BACK TO O B D R, UH, O B D R R 0 4 6.
ANY COMMENTS OR QUESTIONS ON THAT PARTICULAR ITEM? OKAY, HEREIN NONE.
AND IF THERE'S NO OBJECTIONS, WE WILL GO AHEAD AND, UH, MOVE THE TABLING OF THAT TO THE COMBO BALLOT.
UH, THE NEXT ONE IS O B D R R 0 4 7.
UM, ANY COMMENTS OR QUESTIONS ON O B D R 0 4 7? WE'LL GO.
WE'VE GOT IT IN FRONT OF YOU HERE.
DID YOU HAVE ANY COMMENTS YOU WANTED TO MAKE? WELL, IF THERE ARE ANY QUESTIONS OR IF YOU JUST WANT ME TO GIVE A VERY QUICK OVERVIEW, I COULD DO EITHER ONE.
YEAH, MARK, GO AHEAD AND GIVE US A QUICK OVERVIEW AND THEN SEE IF THAT TEES UP.
ANY QUESTIONS FOR US HERE? ALL RIGHT, SO THE CURRENT METHODOLOGY FOR, FOR THE PROCUREMENT METHODOLOGY FOR THE EMERGENCY RESPONSE SERVICE REQUIRES THAT ANY FUNDS, MONIES NOT SPENT IN PREVIOUS STANDARD CONTRACT TERMS, THEY WILL BE REALLOCATED FORWARD TO ANY REMAINING SUBSEQUENT STANDARD CONTRACT TERMS IN THE PROGRAM YEAR.
AND JUST A REMINDER, OUR PROGRAM YEAR IS DECEMBER ONE THROUGH, NO, THROUGH THE END OF NOVEMBER.
SO WE'VE ALREADY PROCURED FOR THE SUMMER PERIOD, WHICH IS JUNE THROUGH SEPTEMBER.
THE, WE ONLY HAVE ONE MORE STANDARD CONTRACT TERM LEFT IN THIS PROGRAM YEAR, WHICH IS OCTOBER, NOVEMBER.
AND WITH THE CURRENT METHODOLOGY, WE HAVE, UH, AROUND $16 MILLION THAT'S CURRENTLY UNSPENT, UM, UP TO THIS POINT.
AND WE ALREADY HAD ALLOCATED AROUND, UH, LET'S JUST SAY FOUR TO TO $5 MILLION FOR THE OCTOBER, NOVEMBER THAT WOULD GIVE US, IF WE STAYED WITH THE CURRENT METHODOLOGY, WE WOULD BE ALLOCATING AROUND IN EXCESS OF $20 MILLION TO OCTOBER, NOVEMBER, WHICH IS ONLY A TWO MONTH STANDARD CONTRACT TERM.
IT'S PROBABLY, UM, ARGUABLY MAYBE THE, THE LOWEST RISK CONTRACT TERM IN THE ENTIRE PROGRAM YEAR.
SO IT'S, IT'S, WE DO NOT WANNA, WE, WE DO NOT WANT TO CONTINUE WITH, YOU KNOW, REQUIRING US TO MOVE THAT MONEY FORWARD, ESPECIALLY IN CASES LIKE THIS.
SO THE CURRENT, THE CHANGES THAT I'M ASKING FOR IN THIS, UH, AND, AND TO THE, UH, PROCUREMENT METHODOLOGY IS TO GIVE ERCOT THE, UH, THE FLEXIBILITY WHERE WE CAN DECIDE WHAT TO DO WITH THAT EXCESS MONEY.
WE CAN, WE CAN MOVE ALL OF IT FORWARD.
IF WE CHOOSE, WE CAN MOVE A PORTION OF IT FORWARD, OR WE MAY WANNA, UH, HOLD IT BACK, UM, JUST IN CASE WE HAVE, UH, LIKE LATER IN THE SUMMER, WE STILL HAVE QUITE A BIT OF SUMMER TO GO AND WE START EXHAUSTING E R S.
WE HAVE THAT MONEY IN OUR BACK POCKET THAT WE COULD, COULD USE FOR RENEWALS.
SO THAT'S, THAT'S ALL WE'RE ASKING FOR, IS TO CHANGE IT, TO GIVE ERCOT THE FLEXIBILITY AND THE SOLE DISCRETION TO DO WITH THAT EXCESS MONEY AS WE FEEL WE, WE, WE NEED TO, TO ADDRESS MAYBE UPCOMING SYSTEM ISSUES THAT WE, WE MAY SEE.
UM, LOOKS LIKE WE'VE GOT A QUESTION FOR YOU FROM BILL BARNES.
SORRY, MARK, I MISSED THE DISCUSSION AT D S W G.
UH, THE QUESTION THAT, THAT WE HAD ON THIS WAS, WAS THERE ANY THOUGHT OR DISCUSSION AROUND POTENTIALLY JUST RETURNING THESE FUNDS TO LOADS? WELL, GOOD QUESTION, BILL.
WHAT'S GONNA HAPPEN IS IF YOU, IF WE DON'T SPEND IT, IT WILL GET RETURNED TO LOADS.
IT WON'T GET BE SPENT, IT WON'T BE, UH, THE COST WON'T BE, BE, UM, CHARGED BACK TO THE LOADS.
SO YOU'RE GIVING YOURSELF THE DISCRETION TO, TO ROLL IT OVER.
IF IT'S NOT USED IN THE, THE CONTRACT PERIODS THAT YOU ROLLED OVER TO, THEN YOU'LL REFUND IT TO LOADS.
IT WILL NOT BE, IT'S A, YOU SAY, NOT REFUNDED, IT JUST WON'T BE CHARGED TO LOADS.
SO, SO IT'S THE SAME THING, BUT THE LOADS WON'T BE PAYING FOR IT THAT MONEY IF WE DON'T SPEND IT.
BUT THE, WHAT WE'RE TALKING ABOUT HERE IS MONEY THAT YOU HAVE NOT SPENT, AND I THINK THE QUESTION IS, THERE'S A DECISION BETWEEN EITHER ROLLING THAT THOSE FUNDS OVER TO ANOTHER CONTRACT PERIOD TO BE SPENT, WHICH YOU'VE ALREADY ALLOCATED THE 52 OR 54, I CAN'T REMEMBER WHAT THE NUMBER IS, 75 MILLION.
UH, WHEN YOU SET THAT UP AT THE BEGINNING OF THE YEAR, I JUST, I, WE WERE JUST WONDERING
[00:20:01]
IF THERE, IF IT MAKES SENSE TO ALSO ALLOW ERCOT DISCRETION TO SAY, YOU KNOW WHAT, WE REALLY HAVE A, A LOT OF EXTRA FUNDS.LET'S JUST, LET'S JUST RETURN THAT TO LOADS AND THEN CONTINUE ON WITH OUR CURRENT PLAN OF HOW WE HAVE THE REST OF THE BUDGET ALLOCATED.
DOES IT, DOES, DOES THIS THING PROHIBIT YOU FROM DOING THAT? IT, IT DOESN'T PROHIBIT, IT PROHIBIT US FROM DOING THAT, BUT I, EARLY IN THE PROGRAM YEAR, I, I WOULD THINK IT'S HIGHLY UNLIKELY WE WOULD MAKE, WANNA MAKE THOSE DECISIONS JUST TO AUTOMATICALLY, UM, UM, NOT SPEND THAT TOO EARLY BECAUSE WE DON'T EVER KNOW WHAT COULD OCCUR LATER IN THE PROGRAM YEAR.
I JUST, YOU KNOW, A REMINDER THIS IS, UH, THE E R S DOLLARS ARE A, A SPENDING CAP, NOT A REQUIRED AMOUNT TO SPEND.
SO IF YOU'RE, IF YOU'VE GOT EXTRA FUNDS, WE WOULD APPRECIATE ERCOT, UH, CONSIDERING RETURNING THOSE TO LOADS.
IN THE CASE THAT WE'RE LOOKING AT RIGHT NOW, AND AGAIN, WE HAVEN'T, WE HAVEN'T DETERMINED HOW MUCH WE, WE, WE, WE ARE GOING TO SPEND IN THE OCTOBER, NOVEMBER, BUT MY GUESS IS A MAJORITY OF THAT 16 MILLION UN UNLESS WE GET INTO, AGAIN, UNLESS WE GET INTO A SITUATION WHERE WE START EXHAUSTING E R S THIS SUMMER, UH, LET'S JUST ASSUME MAYBE WE DON'T, AND WE DON'T, AND THAT DOESN'T HAPPEN.
I SUSPECT THE MAJORITY OF THAT 16 MILLION THAT WE'RE CURRENTLY HAVE IN OUR BACK POCKET WOULD BE ALLOCATED BACK TO LOADS.
OKAY, ANY OTHER COMMENTS OR QUESTIONS FOR MARK ON O BRR 0 4 7? I GOT ONE MORE QUESTION FROM BRIAN SAMS. OKAY, MARK, I'M SORRY.
WHEN YOU'RE SAYING, UH, ALLOCATED BACK TO LOADS, UH, IS THERE, DOES THIS HAVE A FORMULA ON HOW THAT ALLOCATION IS WORKING? I'M JUST ASKING BECAUSE I, I COULD SEE THERE'D BE SOME, I THINK SOME CONTROVERSY, UH, ON, YOU KNOW, MISMATCH IN TIME PERIODS FOR COLLECTION OF THE, OF THE E R S.
SO, WELL, WHAT, WHAT, AND I'M MAYBE USING WRONG TERMS, I WAS TRYING TO BE MORE CONSISTENT WITH WHAT THE, HOW BILL WAS LAYING OUT HIS ARGUMENT.
THE, UM, WHEN I SAY THAT IF IT'S NOT LOADS ARE CHARGED BASED ON WHAT WE ULTIMATELY SPEND FOR E R S, AND WE WON'T EVEN KNOW WHAT WE ULTIMATELY SPEND FOR E R S TILL ABOUT 45 DAYS AFTER A, AFTER THE END OF THE STANDARD CONTRACT TERM.
UM, SO WHATEVER MONEY IS LEFT OVER, IF WE DIDN'T SPEND IT, IF WE DIDN'T ALLOCATE IT IN A PROCUREMENT, UH, AT THE END OF THE PROGRAM YEAR, THAT MONEY WILL NOT BE CHARGED.
THAT ALL OF THAT MONEY WOULD NOT BE CHARGED BACK TO THE LOADS.
SO THAT'S ALL I'M TRYING TO SAY.
IN THIS CASE, IF WE DON'T ALLOCATE THE 16 MILLION THAT WE CURRENTLY HAVE IN OUR BACK POCKET, IF WE DON'T HAVE A RENEWAL OR WE DON'T ALLOCATE ANY OF THAT TO THE OCTOBER, NOVEMBER, AND JUST STAY WITH THE AMOUNT THAT'S CURRENT THAT WE PROJECTED, UH, EARLIER IN THE PROGRAM YEAR FOR THE OCTOBER, NOVEMBER, ALL I'M TRYING TO SAY IS THAT 16 MILLION OUT OF THE CURRENT 75 MILLION ANNUAL SPEND LIMIT WOULD NOT BE CHARGED A LOAD.
BRIAN, THAT ANSWER YOUR QUESTION? UH, I'M SORRY, I'M, I'M STILL CONFUSED.
UM, BUT I'M HAPPY TO TAKE THIS OFFLINE WITH, WITH MARK.
I MEAN, REALLY WHAT I'M JUST TRYING TO GET AT IS, UH, LIMITING ANY KIND OF CONTROVERSY, UM, THAT I MIGHT HAVE WITH SOME PERSPEC WITH SOME CUSTOMER ABOUT, YOU KNOW, THE, THE NOT BEING CHARGED OR BEING CHARGED.
ANY OTHER COMMENTS OR QUESTIONS ON THIS? O B D R R? OKAY.
SEEING THAT THE QUEUE IS EMPTY, UM, IF THERE'S NO OBJECTION, WE WILL GO AHEAD AND PLACE THIS ON THE COMBO BALLOT AS WELL.
ANY OB OBJECTIONS OR COMMENTS ON PLACING THIS ON THE COMBO BALLOT? ALL RIGHT.
SEEING NONE, IT SHALL GO TO THE COMBO BALLOT.
[8. RMS Report (Vote)]
R M S REPORT.UH, WE'VE GOT ONE VOTING ITEM IN THERE.
UM, DEBBIE, ARE YOU, UH, READY TO GO? I'M, THANK YOU.
[00:25:01]
I BROUGHT THIS UP THAT I WOULD BE BRINGING THIS FORWARD TODAY, AND I DID HAVE A COUPLE OF QUESTIONS.UM, AS YOU PROBABLY ARE AWARE WITH, UH, THE ANNUAL PROFILE VALIDATION IS THAT IT'S, WE ARE NOT AT GREAT RISK OR ANY RISK, IN MY OPINION, IF WE SUSPEND ANNUAL VALIDATION FOR BUSINESS AND, AND RESIDENTIAL FOR A YEAR.
UM, THIS IS THE MOTION THAT WAS ACTUALLY APPROVED AT R M SS, WHICH IS TO SUSPEND 2024 BUSINESS AND RESIDENTIAL ANNUAL VALIDATION TO APPROVE ERCOT SUSPENSION OF 2024 BUSINESS AND RESIDENTIAL ANNUAL VALIDATION UNTIL 2025.
I NOTICED THIS, I NOTED THIS AT THE LAST MEETING, THAT WE WILL BE DOING BOTH RESIDENTIAL AND BUSINESS IN 2025.
UM, THE PRIMARY BENEFITS, UH, THAT WE CONSIDER ARE THE REDUCTION OF RESOURCE CONSTRAINTS.
AND PART OF THE, I GUESS, UM, CONCERN IS THAT THE RESOURCES WITH THE EXTENSIVE KNOWLEDGE OF RETAIL, THEY ARE, IT'S NOT A PLENTIFUL GROUP.
WE DON'T HAVE A LOT OF PEOPLE WITH THAT EXTREME EXTENSIVE KNOWLEDGE SUCH THAT THEY CAN WORK ON AN INTERNAL PROJECT FOR TEXAS AT OR MARKET TRACK, OR EVEN MANAGE THE TESTING FOR TEXAS AT 5.0.
SO WE REALLY WANNA BE SMART WITH OUR RESOURCES AND CAREFUL.
AND, UH, AT ENCORE WE HAVE A LOT OF SYSTEM SUPPORT NECESSARY TO MANAGE, UH, ANNUAL VALIDATION, AND SOME OF THAT INVOLVES CONTRACTORS.
UM, IN ADDITION TO THAT, THERE ARE SOME MANUAL WORK HOURS INVOLVED, AND I THINK THAT'S THE CASE FOR ALL OF THE T DSPS.
THIS IS A LIST OF THE CATEGORIES THAT WERE CONSIDERED BY THE T DSPS IN DETERMINING OUR ESTIMATES.
SO SOME OF THESE, UM, WERE INCLUDED BY ALL THE T BY BY ALL OF THE PEOPLE WORKING ON ANNUAL VALIDATION FOR A PARTICULAR T D S P FOR ENCORE.
WE DID NOT HAVE COST ASSOCIATED WITH EVERY ONE OF THESE, BUT WE DID TAKE A LOOK AT 'EM TO MAKE SURE THAT WE WERE IN ALIGNMENT WITH, UM, DEVELOPING OUR COST, UH, WITH THE OTHERS.
SO, UM, THESE IS FROM START TO FINISH AND SOME OF THESE CAN RUN CONCURRENTLY AND OTHERS, THIS IS IN CHRONOLOGICAL ORDER AND BU UM, STANDS FOR BUSINESS UNIT.
SO IF YOU HAVE ANY QUESTIONS ABOUT THAT, LET ME KNOW.
THE, UM, ACTUAL ESTIMATED COST FOR RF O IN THE T DSPS.
SO WE LOOKED AT OUR INTERNAL PROCESSING AND THE SYSTEMS FOR SUPPORTING ANNUAL VALIDATION FOR A YEAR, AND OUR, AND TDSP HAS ARRIVED AT THE FOLLOWING COST ESTIMATES.
I, UM, TRIED TO GET AN ANSWER ON THE ACTUAL HOURS INCLUDED IN THESE AMOUNTS, BUT I WASN'T ABLE TO GET, UM, THAT BEFORE TODAY.
AS YOU CAN TELL, IT'S CONSIDERABLE ACROSS THE MARKET, AND I BELIEVE THAT, UM, IT WAS CHRISTIAN WHO MENTIONED THIS AT THE LAST TAP MEETING, WHICH IS WE JUST REALLY NEED TO BE SMARTER WITH OUR DOLLARS AND, UM, YOU KNOW, AWARE OF WHAT'S GOING IN EACH TIME THAT OUR, UM, THAT THE FEE IS INCREASED.
SO I BELIEVE THAT THESE ARE PRETTY STRONG ESTIMATES.
UM, ERCOT, UH, DID LOOK AT THEIRS, UM, FOR END-TO-END AND THE IMPACTS, UH, FROM THE, UH, I GUESS PROCESSING NEEDED FOR THE CHANGES NEEDED, UM, FOR REPORTS.
SO THESE ARE THE COSTS, UM, THAT WE CAME UP WITH.
SO AS YOU CAN SEE, IT'S, UM, IT'S SUBSTANTIAL.
IT'S EVEN SUBSTANTIAL FOR ERCOT.
AND I JUST WANTED TO SHOW THIS AGAIN, THAT THERE IS ACTUAL LANGUAGE IN THE ERCOT PROTOCOLS THAT'S CURRENT, AND IT'S THE NUMBER THREE, WHICH IS THAT, UM, A SUBCOMMITTEE CAN BRING THIS FORWARD AND IT CAN BE APPROVED BY TECH.
SO IT WOULD BE IN EFFECT ONLY FOR THE REQUESTED YEAR, WHICH IS 2024.
SO R M S REQUESTS TAX APPROVAL OF SUSPENSION OF 2024 BUSINESS AND RESIDENTIAL ANNUAL VALIDATION.
DEBBIE, LET'S HOLD RIGHT THERE.
LOOKS LIKE WE'VE GOT A QUESTION FROM ERIC GOFF.
[00:30:01]
ANALYSIS YOU'VE DONE ABOUT THIS, AND I THINK WE'VE SPOKEN IN PRIOR YEARS.I, I DON'T UNDERSTAND WHY WE CONTINUE TO DO THE ANNUAL VALIDATION AT ALL.
UM, AND I KNOW SOME RETAILERS AND AGGREGATORS USE IT TO SIMPLIFY BUSINESS PROCESSES JUST 'CAUSE I'VE ALWAYS DONE IT THAT WAY.
BUT, UM, I, I WOULD BE PERSONALLY OKAY WITH A MOTION SUSPENDING ANNUAL VALIDATION UNTIL 2125.
UM, SO I KNOW THAT'S NOT ON THE, ON THE TABLE TODAY.
I WOULD LIKE TO EXPLORE IF WE REALLY NEED THIS AT ALL ANYMORE, UH, OR IF WE CAN FINALLY GET RID OF IT SINCE WE'RE NOT USING LOAD PROFILES FOR SETTLEMENT AND HAVE IT FOR MORE THAN A DECADE.
I CAN, I WAS JUST GONNA SAY, WHAT I CAN DO IS BRING, UM, BACK SOME OF THE REASONING WHY WE STILL SUPPORT ANNUAL VALIDATION, BUT I BELIEVE IT DOES GO BACK TO YOUR POINT OF SOME OF THE BUSINESS, UM, ANALYSIS BY SOME OF THE MARKET PARTICIPANTS.
AND IT'S SORT OF LIKE A SAFEGUARD.
UM, AND THEY DO SOME COMPARISONS INTERNALLY, UH, FOR THE, FOR THE METERING AND THE EASY ID AND THE DISTRIBUTION RATE, CLASS CODES, THINGS LIKE THAT.
SO I CAN CERTAINLY DO THAT IF YOU LIKE.
UM, I, I DON'T, IF YOU THINK THAT'D BE HELPFUL, I'D BE HAPPY TO SEE IT, BUT I, I THINK THAT, UH, GIVEN, IF YOU THINK YOU JUST MENTIONED, I THINK THE COSTS OUTWEIGH THE BENEFITS, AND I, I WOULD CERTAINLY VOTE FOR A PROTOCOL REVISION THAT JUST ELIMINATED THIS PROCESS ENTIRELY.
BUT THAT SAID, I'M HAPPY TO MAKE A MOTION TO RECOMMEND APPROVAL IF THIS IS NOT ALREADY ON THE COMMON BALLOT.
SO I THINK, I THINK YOU'RE RIGHT, ERIC.
I THINK IT'S ALWAYS GOOD TO RE-REVIEW WHY WE DO WHAT WE DO AND IF THERE'S OPPORTUNITIES FOR CHANGE HERE.
SO I THINK THAT'S A PERFECTLY VALID REQUEST IF, UH, R M S WANTS TO REVISIT THAT IN THAT REGARD AND PROVIDE SOME ADDITIONAL INFORMATION TO US.
UH, IF YOU DON'T MIND, DEBBIE, THAT BEING SAID, UM, TO YOUR POINT ABOUT, UH, THE MOTION TO APPROVE THIS, UM, LET'S SEE IF THERE'S ANY OBJECTION, I GUESS FIRST OF ALL TO PLACING THIS ON THE COMBO BALLOT, UM, BEFORE WE ACTUALLY ACCEPT THAT MOTION.
SO ANY OBJECTION TO MOVING THIS TO THE COMBO BALLOT? ALL RIGHT.
SEEING NONE, WE SHALL MOVE THIS TO THE COMBO BALLOT.
UH, DEBBIE, YOU CAN KEEP ROLLING.
I WANTED TO BRING UP THE LUBBOCK POWER AND LIGHT TRANSITION TO RETAIL COMPETITION.
I GAVE A UPDATE ABOUT THIS, UM, LAST MONTH AND THE MONTH BEFORE.
WE HAVE, UH, REALLY DONE A LOT OF WORK.
UM, THE TESTING FOR THE LUBBOCK FLIGHT, WHICH CERTIFIED LUBBOCK AND, UM, EXISTING CRS WE'RE ALLOWED TO COMPETE, UH, OR COMPLETE THAT TEST FLIGHT.
WE HAD 85 CRSS THAT ACTUALLY FINISHED.
UM, THEY HAD SOME TECHNICAL ISSUES AND THEY COULDN'T RESOLVE THOSE BY THE DEADLINE OF THE CONCLUSION OF THE FLIGHT.
SO THEY ARE GOING TO BE PARTICIPATING IN A FUTURE FLIGHT.
THIS NEXT, UM, ITEM IS GOOD NEWS.
THEY WILL BE PARTICIPATING IN THE OCTOBER TEST FLIGHT AND THE FLIGHT.
WE ARE BACK TO OUR NORMAL FLIGHT, UM, REQUIREMENTS AND PROCESSES.
AND IT'S OPEN TO ALL NEW AND EXISTING CRS, UM, SEEKING CERTIFICATION FOR THE LP N L TERRITORY.
SO THE OTHER TDS PS WILL BE INVOLVED, UM, AS WELL.
SO WE WILL HAVE JUST OUR USUAL TEST BLIGHT AND LP N L WILL BE ONE OF THE ENTITIES PARTICIPATING WITH I U PROCESSES ALL.
UM, I THINK I SAW A QUESTION IN THE CHAT.
UM, I JUST WANTED TO, UH, MAKE SURE I UNDERSTOOD THE LAY OF THE LAND.
LUBBOCK IS STILL PURSUING SOME FERC APPROVALS BEFORE IT CAN MOVE TO RETAIL COMPETITION.
SO BY MISSING THIS FLIGHT, THE CRS DID NOT NECESSARILY MISS OUT ON A CHANCE AT MARKET OPEN TO PARTICIPATE? YES.
THAT'S HOW IT'S ROLLING OUT RIGHT NOW? THAT'S CORRECT.
JUST WANTED TO MAKE SURE I I HAD ALL THAT STRAIGHT IN MY HEAD.
AND, UM, WE ARE, UH, THINKING THAT THIS IS REALLY EXCELLENT.
THE, UM, FERT DECISION OBVIOUSLY WILL DETERMINE THE DAY THAT THEY CAN COME IN TO THE MARKET BECAUSE IT WILL, UM, IT'LL NEED TO BE IN ALIGNMENT WITH THAT.
[00:35:01]
WITH LUBBOCK POWERLIGHT REALLY CLOSELY AND MAKING SURE THAT, UM, WE ARE ALL UNDERSTANDING AND INTERPRETING THINGS THE SAME WAY.BUT THIS IS REALLY, I MEAN, IT REALLY IS A GOOD OPPORTUNITY BECAUSE THERE WERE SOME NEW CRS, UM, SOME UNCERTIFIED CRS THAT WERE LOOKING TO BE SERVED.
AND, UM, THEY WILL HAVE THIS OPPORTUNITY AND BE READY BEFORE LUBBOCK OPENS TO COMPETITION.
I JUST WANTED TO SAY THANK YOU TO EVERYBODY ON THE, UH, MARKET SIDE AND ON THE ERCOT SIDE FOR GETTING ALL OF THIS DONE AND KEEPING IT MOVING AND EVERYBODY ON THE LUBBOCK SIDE AS WELL.
YES, IT HAS BEEN A REALLY GREAT TEAM EFFORT.
UM, AT FIRST I WAS KIND OF WRINKLING MY NOSE A LITTLE BIT, BUT IT'S REALLY TURNED OUT TO BE A, UM, WELL THOUGHT OUT PLAN.
LUBBOCK, UM, IS VERY PROFICIENT IN THE PROCESSES THAT SUPPORT METERING AND, UM, THEY'VE GOT A GOOD TEAM INVOLVED, SO WE DON'T THINK THAT THEY'LL HAVE ISSUES OR PROBLEMS. THEY HAVE EXCELLENT CUSTOMER DATA, UM, FROM WHAT I UNDERSTAND, AND THEY ARE ON TASK WITH BEING ABLE TO COMPLETE PROCESSES, UM, PRETTY MUCH IN ALIGNMENT WITH THE EXISTING MARKET TIMELINES THAT WE HAVE.
SO, UM, BUT I'LL DEFINITELY BE BRINGING THIS UPDATE, UH, BACK FOR EACH OF MY, THAT WILL BE INCLUDED IN EACH OF THE R M S UPDATES.
AND, UM, AS I MENTIONED, WE FINISHED THE STACKING OF TRANSACTIONS AND, UH, WE ARE REALLY, UM, PRETTY MUCH DONE WITH CHAPTER SEVEN AND EIGHT OF THE RETAIL MARKET GUIDE.
ONE IS THE BIG R M G R R THAT CLIFF MENTIONED EARLIER THAT I WILL BE BRINGING, UM, NEXT MONTH.
HOPEFULLY IT WILL BE THE IA WILL BE APPROVED AT R M S S NEXT WEEK.
UM, THE LUBBOCK POWER AND LIKE CUSTOMER PROTECTION ROLES AND CHAPTER FIVE OF THE LUBBOCK POWER AND LIFE TARIFF.
UM, ALL LOOKING JUST REALLY NICE AND POLISHED AND READY FOR COMPETITION.
OUR NEXT MEETING IS SCHEDULED FOR AUGUST 1ST AT 1230, AND IT'LL BE FOLLOWING R M S, SO IF YOU GET THERE AN HOUR EARLY, YOU'LL BE ABLE TO HAVE SOME PIZZA WITH US.
SO, UM, ONE OF THE BIG AGENDA ITEMS COMING UP IS THE A M S DATA PRACTICES, THE TDS PS, UM, KEEP UP WITH THAT.
AND WE HAVE A MATRIX AND WE'LL BE LOOKING TO ADD LUBBOCK POWER AND LIGHTS, UM, DETAILS INTO THAT.
AND PLEASE JOIN US FOR OUR FUTURE MEETINGS.
LUBBOCK POWER AND LIGHT IS HAVING A REP WORKSHOP.
UM, I WANTED TO MENTION, I'M NOT SURE HOW MANY PEOPLE KNOW THIS, BUT EACH OF THE TDS PS AT ONE TIME OR ANOTHER HAVE SUPPORTED AN ANNUAL WORKSHOP.
AND, UM, SOMETIMES IT'S, UH, BEEN A LITTLE MORE FREQUENT THAN ANNUAL.
SOMETIMES IT'S A LITTLE BIT MORE DELAYED.
ENCORE WAS SCHEDULED TO HAVE OUR WORKSHOP AT THE END OF SEPTEMBER, AND WE ARE NOW GONNA MOVE IT INTO, I THINK SECOND QUARTER OF NEXT YEAR.
SO, UM, THE LUBBOCK POWER AND LIGHT, THEY HAVE, UH, LISTED A LOT OF ITEMS THAT ARE GOING TO EXPLAIN LIKE WHERE THEY WERE AND HOW THEY GOT TO BE WHERE THEY ARE WITH THE ER HOP MARKET.
AND, UM, WE'RE REALLY LOOKING FORWARD TO HEARING ABOUT THAT.
AND FORTUNATELY, UM, THE SOCIAL AND THE MEETING DO, UM, CONFLICT WITH, UH, THE AUGUST TAC MEETING.
SO, BUT WE WILL, UM, FIND OUT WHAT HAPPENED AT THAT AT, IN THE, UH, R M S UPDATE TO TAC IN SEPTEMBER.
LIKE I MENTIONED, OUR NEXT R M MS MEETING IS AUGUST 1ST, AND WE WILL BE AT NINE 30 AT ERCOT.
ANY QUESTIONS FOR DEBBIE? ALL RIGHT, DEBBIE, THANKS VERY MUCH FOR THE COMPREHENSIVE REPORT THERE.
[9. ROS Report (Vote)]
THE AGENDA, WE'VE GOT THE R O S REPORT.CLIFF, CAN YOU CONFIRM YOU CAN HEAR ME? I SURE CAN CHASE.
UH, TACK, UH, THIS IS CHASE SMITH, R O S CHAIR.
UM, I'VE GOT A QUICK R O SS REPORT TODAY.
UM, I HAVE A FEW, UH, FOUR VOTING ITEMS. UM, FIRST UP, WE'VE GOT NOGA 2 47, UH, WHICH MODIFIES ERCOT, UM, UNDER FREQUENCY LOAD SHED PROGRAM BY INCREASING THE NUMBER OF LOAD SHED STAGES FROM THREE TO FIVE, AND ALSO CHANGING THE, UH, THE TRANSMISSION OWNER LOAD RELIEF AMOUNTS TO, UH, UNIFORMLY INCREMENT BY 5% FOR EACH STAGE.
[00:40:01]
THIS NOVA ALSO ADDS A U F L S MINIMUM TIME DELAY OF SIX CYCLES.UH, THERE WAS SOME DISCUSSION DEBATE, UM, OVER A FEW MONTHS THAT R O S THIS WORKING GROUP ON DETAILS BEHIND THIS.
AND, UH, ULTIMATELY R O S, UH, A RECOMMENDED APPROVAL OF A VERSION THAT HAS AN IMPLEMENTATION DATE OF OCTOBER 1ST, 2026, UM, FOR BOTH THE CHANGES PROPOSED IN NRG 2 47 AND ALSO THE ANTIT STALL MEASURES THAT WERE PREVIOUSLY APPROVED IN NO, 2 26.
UM, UH, THIS NOER WAS, UM, RECOMMENDED FOR APPROVAL BY R OSS WITH ONE ABSTENTION.
UM, AND THEN, UH, R O SS WOULD UNANIMOUSLY TO ENDORSE AND FORWARD TO T THE R O SS REPORT.
UH, NOER 2 52, UH, HAS ALREADY BEEN DISCUSSED ALONG WITH THE N P R R TODAY AND ADDED TO THE COMBO BALLOT.
BUT THIS, THIS NOER IS A, UM, ALIGNS THE NODAL OPERATING GUIDE TO REVISE THE EEA PROCEDURES.
UH, YOU KNOW, IN ALIGNMENT WITH THE CHANGES THAT N P R 11 7 11 76 MAKES.
UM, ER, MOVING ON PICKER 1 0 8 IS, UM, UPDATES THE PLANNING GUIDE LANGUAGE TO REFLECT CURRENT PRACTICE OF POSTING VERSIONS OF THE REGIONAL TRANSMISSION PLAN AND VERSIONS OF THE GEOMAGNETIC DISTURBANCE ASSESSMENTS, UH, AND, AND CO FINALLY MAKE SOME UPDATES TO, TO DATA SETS, UM, FOR THOSE, FOR THOSE REPORTS.
AND, UH, THIS PI UH, WAS ALSO RECOMMENDED APPROVAL BY R OS WITH ONE ABSTENTION.
UH, FINALLY THE LAST VOTING ITEM, UH, RELATES TO ROS'S PROCEDURES.
UH, WE, WE VOTED TO AMEND, UH, THE R OS PROCEDURES DOCUMENT AT OUR JULY MEETING, UH, INITIALLY THAT THE PURPOSE OF THAT WAS TO, UM, TO ADD THE INVERTER BASED RESOURCE WORKING GROUP, UH, WHICH I'LL PROVIDE A LITTLE BIT MORE CONTEXT ON THE NEXT SLIDE.
AND WE ALSO RECOGNIZE THAT WE HAD A, A FEW, A FEW, UM, RETIRED WORKING GROUPS ON OUR RRO PROCEDURES DOCUMENT THAT HAD INADVERTENTLY BEEN LEFT ON THERE, SO WE REMOVED THOSE AS WELL.
UH, CLIFF, I'M GONNA STOP THERE AND SEE IF ANYONE HAS ANY COMMENTS OR QUESTIONS ON THE VOTING ITEMS. ALRIGHT, THANKS, CHASE.
SO THESE, UH, OF COURSE, NO, 2 52, WE ALREADY MOVED TO THE COMBO BALLOT.
THESE OTHER THREE ARE ALL READY TO GO, AND YOU'VE HEARD CHASE'S RECOMMENDATION ON THOSE, UH, THE R O S RECOMMENDATION.
SO THAT BEING SAID, IF THERE'S NO OBJECTION TO NO 2 47 FIGURE 1 0 8 AND THE APPROVAL OF THE R O S PROCEDURES AS PRESENTED, UH, THEN I WOULD LIKE TO GO AHEAD AND MOVE THOSE TO THE COMBO BALLOT AS WELL.
ANY OBJECTION TO MOVING THOSE THREE ITEMS TO THE COMBO BALLOT? ALL RIGHT.
SEEING NONE, NUMBER 2 47 0 8 AND THE MODIFIED R OSS PROCEDURES WILL ALL BE MOVED, UH, TO THE COMBO BALLOT FOR APPROVAL.
ALL RIGHT, CHASE, YOU CAN KEEP ROLLING.
OKAY, I'M GONNA A FEW ITEMS ON, ON RECENT R O SS ACTIONS JUST TO GIVE A, UM, A HEADS UP TO TACK ON SOME UPCOMING REVISION REQUESTS THAT WILL BE, UH, BROUGHT UP AT FUTURE TAC MEETINGS FOR, UH, FOR A VOTE.
UM, R O S DID ENDORSE N P R 11 70 11 71, AND RECOMMENDED APPROVAL OF ITS RELATED NORE AND RIGOR.
UH, THE NORE AND RIGOR WILL COME BACK NEXT MONTH FOR IA REVIEW.
UM, R O S DID ALSO RECOMMEND APPROVAL OF NUMBER 2 49.
UH, I WON'T, I DON'T PLAN TO GO INTO ALL THE DETAILS, BUT, UH, THIS IS MORE SO JUST A, A HEADS UP FOR, FOR TACK ON WHAT'S UPCOMING, UM, THAT R O S WILL BE BRINGING FOR VOTING ITEMS. UH, NEXT SLIDE PLEASE.
UM, R O S ALSO DID ENDORSE N P R 1164, AND WE RECOMMENDED APPROVAL OF RIGOR 33.
THAT'S A, A TYPO, AND I PUT ENDORSED.
AND SO INSTEAD OF PUT RECOMMENDED APPROVAL FOR THE RIGOR, UM, ONE ITEM I DID WANT TO, UH, PROVIDE SOME MORE CONTEXT ON IS R O S DID VOTE TO DISBAND THE INVERTER BASED RESOURCE TASK FORCE, UM, AND APPROVED THE CREATION OF THE INVERTER BASED RESOURCE WORKING GROUP.
UM, YOU KNOW, THE R O S CREATED THE I B R T F, I BELIEVE AT THE BEGINNING OF 2022, UM, JUST DUE TO SOME OF THE, THE ONGOING TECHNICAL AND OPERATIONAL, UM, UH, ISSUES AND ITEMS THAT NEEDED TO BE ADDRESSED FOR, SPECIFICALLY FOR INVERTER BASED RESOURCES.
UM, I THINK THAT HAS BEEN A GREAT ADDITION OF A TASK FORCE TO, TO R O S AND A GREAT FORUM FOR, UH, DISCUSSING SOME MORE OF THESE TECHNICAL INVERTER BASED RESOURCE ITEMS, UH, AND, AND KIND OF DUE TO THE EXPECTING ONGOING NATURE OF INVERTER BASED RESOURCES AND, UH, THEIR OPERATIONAL PERFORMANCE.
R O S VOTED TO DISBAND THE TASK FORCE AND CREATE A STANDING WORKING GROUP.
UH, THE SAME LEADERSHIP WILL CONTINUE, UM, AT THE INVERTER BASED RESOURCE WORKING GROUP.
UH, MOHAMED AL BAJA IS THE CHAIR, AND JULIA MONTE
[00:45:01]
IAN IS THE VICE CHAIR.AND IF YOU GO ONTO THE ERCOT WEBSITE, THE I B R T F IS NOW UNDER AN ACTIVE GROUPS, AND THERE IS A NEW I V R WORKING GROUP LANDING PAGE.
UH, NEXT COUPLE SLIDES ARE JUST THE, THE RRS UNDER R O S REVIEW, UH, JUST SO THERE'S A, WITH, UH, WITH THE SIGNED WORKING GROUPS, JUST SO T CAN CAN SEE THE BIG PICTURE OF THE VARIOUS REVISION REQUESTS THAT ARE, UM, BEING DISCUSSED AND REVIEWED AT R OSS.
UH, NEXT SLIDE AND A FEW, A FEW RECENT DISCUSSION ITEMS THAT THE JULY R O SS I WANTED TO HIGHLIGHT FOR TAC, UM, THE FIRST OF WHICH IS N P R 1186, IMPROVEMENTS PRIOR TO R T C PROJECT FOR BETTER E S R STATE OF CHARGE AWARENESS, ACCOUNTING AND MONITORING.
UM, THIS N P R AIMS TO, UH, STRATEGICALLY IMPROVE STATE OF CHARGE AWARENESS, ACCOUNTING AND MONITOR MONITORING.
UM, ERCOT IS SEEKING URGENCY TO, TO, UH, MAKE THESE CHANGES, UM, UH, YOU KNOW, IN A, IN A WAY TO IMPROVE THE, UH, THE ACCOUNTING AND AWARENESS OF E S R STATE OF CHARGE, UM, AND ALSO TO TAKE ADVANTAGE OF A TIME WINDOW BEFORE WORK NEEDS TO BEGIN ON R T C.
ADDITIONAL OPPORTUNITY FOR, UH, DISCOVERY, UH, N P R R.
SO ERCOT DID PROVIDE US UPDATE AT THE JULY R OSS, UH, KIND OF UPDATING ON, UH, KINDA PROCURED VOLUMES AND DEPLOYMENT ATTACK, UM, LAST MONTH.
AND, UH, THERE IS A SLIDE DECK ON, UH, THE JULY R OS PAGE WITH SOME ADDITIONAL DETAIL ON THAT.
UM, SO, SO CLIFF, I'M NOT READY TO COMPLETELY CLOSE, MAYBE CLOSE OUT AN ACTION ITEM WITH A FEW QUESTIONS POSED BY TAC RELATED TO E C R S.
BUT WE ARE, UM, R WAS GONNA CONTINUE TO, UM, WE NEED, WE NEED TO FORMALLY CREATE AN ACTION ITEM AND PROVIDE A RESPONSE THAT, WE'LL, WE'LL COME BACK AT A LATER TAC MEETING TO, UH, TO CLOSE THAT ITEM OUT.
BUT I THINK THERE ARE A FEW QUESTIONS THAT THE FIRST IMPRESSION WAS, IT'S PROBABLY TOO EARLY TO MAKE ANY SIGNIFICANT CHANGES OR DO DO STUDY.
UM, YOU KNOW, THE VOLUMES OF E C R S WERE GONNA BE, ARE GONNA BE EVALUATED IN THE 2024 AS METHODOLOGY PROCESS.
UM, I THINK THERE WAS A QUESTION ABOUT CONCERNS ABOUT LONGER DURATION OF E ECRS DEPLOYMENTS, AND IF THAT WARRANTS PROTOCOL CHANGES, UH, ERCO T'S RECOMMENDATION WAS, IT WAS STILL A LITTLE TOO EARLY TO, TO GAUGE POTENTIAL CHANGES, UM, THAT QUESTION.
BUT IT'LL CONTINUE TO EVALUATE, YOU KNOW, HOW E C R S IS, HOW, HOW IT'S FUNCTIONING, AND IF, UH, YOU KNOW, CHANGES ARE WARRANTED IN THE FUTURE, WE CAN ADDRESS THAT.
THEN, UH, THERE WAS ALSO A QUESTION ABOUT THE OPERATIONS MESSAGES.
UH, MAYBE, YOU KNOW, SHOWING A REASON FOR AN ECRS DEPLOYMENT.
UM, AND I THINK THERE'S PROBABLY, WE NEED A LITTLE BIT MORE TIME TO, TO DIG INTO THAT, TO SEE, UH, WHAT IS FEASIBLE.
BUT I THINK, YOU KNOW, THERE WAS, ERCOT HAD SOME CONCERN, I THINK, ABOUT KNOWING THE EXACT REASON WHEN THEY MAKE, WHEN THEY'RE DEPLOYING AND SENDING THAT MESSAGE OUT.
UM, SO THEY'RE, WE'RE, WE'RE, ERCOT SAID THEY'RE GONNA TAKE THAT BACK AND COME BACK WITH A LITTLE BIT MORE, UH, INFORMATION ABOUT THEIR THOUGHTS ON THE QUESTION.
SO THAT JUST A, A FEW INITIAL, UM, KIND OF COMMENTS TO I THINK SOME QUESTIONS POSED BY TAC LAST MONTH.
UM, AND THEN FINALLY, UH, P 1 0 5, UM, UH, THERE WAS A DISCUSSION AT THE JULY R OSS, UM, RELATING TO THE POLICY OF IDENTIFYING RELIABILITY TRANSMISSION PROJECTS DRIVEN BY DC TIE IMPORT FLOWS.
AND, UH, JUST TO PROVIDE SOME, SOME CONTEXT, UM, THIS IS A, A CONCEPT THAT R OSS AND ITS WORKING GROUPS, I THINK SPECIFICALLY P L W G HAS DISCUSSED AND EVALUATED OVER THE PAST FEW YEARS.
UM, THERE WAS A PREVIOUS PICKER THAT, UM, YOU KNOW, ESSENTIALLY ALLOWED ERCOT TO CURTAIL DCT INFLOWS, UM, FOR RELIABILITY TRANSMISSION PLANNING CRITERIA.
AND I THINK PAT POST URI, THERE WERE, THERE'S BEEN A LOT OF DISCUSSIONS AND, UM, KIND REVIEW OF HOW WHAT WERE HAPPENING ON DC TIES, UH, DURING URI TO HELP MITIGATE, UM, YOU KNOW, SOME OF THE LOAD SHED, UM, ISSUES THAT HAVE TO HAPPEN.
UM, BUT THERE, THERE WAS A DISCUSSION AT THE JULY R O WESTS ABOUT PIER 1 0 5, AND, UM, ULTIMATELY R OSS DID TABLE THE PIGGER, UM, BECAUSE THERE WAS A QUESTION ABOUT HOW P 1 0 5
[00:50:01]
WOULD IMPACT THE, UH, SOUTHERN ONE OF THE SOUTHERN CROSS DIRECTIVES, UH, WHICH CONCLUDED THAT NO TRANSMISSION UPGRADES WERE NEEDED TO INTEGRATE THE SOUTHERN CROSS DCT BECAUSE THE EXISTING PLANNING CRITERIA ALLOWED ERCOT TO CURTAIL DCT IMPORTS IN, IN THEIR STUDIES.UM, SO JULY, UM, R OS DID TABLE IT FOR SOME FURTHER DISCUSSION AND, UM, WANTED TO GET SOME MORE FEEDBACK FROM, FROM ON THAT QUESTION.
I THINK THAT, YEP, THAT ENDS IT.
SO NEXT SCHEDULED MEETING FOR R S IS, UM, AUGUST 3RD.
SO HAPPY TO TAKE ANY, ANY QUESTIONS.
UH, CHASE, I KNOW Y'ALL HAVE GOT A PRETTY HEAVY PLATE, UH, ON YOUR HANDS THERE AS FAR AS A NUMBER OF REVISION REQUESTS AND SOME FAIRLY WEIGHTY ITEMS THERE.
SO APPRECIATE, UH, THE DETAIL PERTAINING TO, TO SOME OF THOSE MORE RECENT ITEMS, ESPECIALLY R T C PLUS B E C R S, UM, AND THEN THE BIGGER DISCUSSION AS WELL.
SO, LOOKS LIKE WE HAVE A QUESTION FROM ERIC HERE.
YEAH, I JUST WANTED TO WEIGH IN ON THE BIGGER 1 0 5, UH, DISCUSSION.
CHASE, I APPRECIATE THAT BACKGROUND.
UM, THIS IS SOMETHING THAT, UM, WE SUPPORT BECAUSE, UH, IT CAN HELP INCREASE THE RELIABILITY OR ECONOMIC DELIVERABILITY OF ENERGY FROM, UM, DC TIES.
THIS IS, UM, FOR IMPORTS, NOT FOR EXPORTS.
AND, UM, SO I JUST WANTED TO COMMENT THAT, UM, WE'RE LOOKING FORWARD TO VOTING FOR THIS N P R R.
I MEAN, EXCUSE ME, THIS PIGGER, IT SEEMS PRETTY OBVIOUS, UM, AS TO WHY IT'S JUSTIFIED.
AND, UM, JUST WANTED TO GET THAT COMMENT ON THE RECORD.
ANY OTHER COMMENTS OR QUESTIONS FOR CHASE ON THE R O SS REPORT? OKAY, SEEING NONE, CHASE, THANKS AGAIN.
[10. WMS Report (Vote) (Part 1 of 2)]
ON TO THE W M S REPORT.WE'VE GOT JIM LEE PINCH HITTING FOR ERIC BLAKEY TODAY.
JUST MAKING SURE YOU GUYS CAN HEAR ME ALL RIGHT? YES, SIR, JIM.
UM, SO, UH, NEXT, NEXT SLIDE, PLEASE.
UH, SO A QUICK OVERVIEW OF OUR JULY 12TH MEETING.
UM, WE HAD A LOT OF, UH, DISCUSSIONS ABOUT, UM, 1186, UM, DECIDED TO, UH, STAND UP A WORKSHOP.
UM, WELL, THEY, THEY TALKED ABOUT THE WORKSHOP.
UM, JIM, WE MIGHT HAVE LOST YOU THERE.
TWO, UH, JIM, JIM, THIS IS CLIFF.
I THINK WE LOST YOU ABOUT, UH, 10 SECONDS AGO, SO YOU MAY HAVE TO BACK UP A LITTLE BIT.
I WAS, I WAS ABOUT TO ASK THE NEXT THING.
JIM, YOU STILL THERE? OKAY, LET'S, UH, LET'S GO AHEAD AND HOLD ON THE W M SS REPORT FOR RIGHT NOW AND SEE IF WE CAN GET, UH, GET HELP WITH GETTING JIM RECONNECTED, MAYBE IN ANOTHER MEANS OR WHATEVER.
SO, UM, WE'LL GO AHEAD AND PAUSE THERE, COME BACK TO THE W M S REPORT.
UH, LET'S GO AHEAD AND MOVE ON TO
[11. Credit Finance Sub Group (CFSG) Report (Possible Vote)]
THE CREDIT FINANCE SUBGROUP REPORT.UH, BRENDAN, ARE YOU AVAILABLE? UH, YES.
CAN YOU HEAR ME OKAY? YES, SURE CAN.
SO GIVE US, UH, GIVE COREY A SECOND TO GET EVERYTHING READY TO GO THERE.
UM, THIS IS THE CREDIT FINANCE SUBGROUP.
UH, THIS FROM OUR 19 JULY MEETING.
WE VOTED ON 1175 ON BACKGROUND CHECKS AND OPERATIONAL NPRS.
WE DISCUSSED A NEW INVOICE REPORT, A NEW VOTING MEMBER CHANGE IN
UH, THESE WERE ITEMS LISTED ON OUR COMBO BALLOT, UH, AND I WANTED TO THANK COREY FOR HELPING US RUN THE MEETING A LITTLE BIT MORE SMOOTHLY.
UM, SO WE LOOKED AT, AS WE TYPICALLY DO THE NPRS, AND IDENTIFIED WHICH ONES WERE, UH, WITHOUT CREDIT IMPLICATIONS AND OPERATIONAL, WE LOOKED AT 1164 FOR BLACKSTAR, 1171 REQUIREMENT FOR DDRS AND DSRS ON CIRCUITS SUBJECT TO LOAD SHED MARKET PARTICIPANT 1174, RETURN OF SETTLEMENT FUNDS TO ERCOT FOLLOWING RECEIPT OF OVERPAYMENT 1175.
[00:55:02]
UH, WE LOOKED AT SEPARATELY AND THAT, UH, WAS VOTED OUT AS HAVING POSITIVE CREDIT, UH, IMPLICATIONS, AND I'LL DISCUSS THAT IN DETAIL IN A MINUTE.1185 H D L OVERRIDE PAYMENT PROVISIONS FOR VERBAL DISPATCH AND 1189 UPDATES TO LANGUAGE TO CLARIFY ALLOWABLE REGULATION, ANCILLARY SERVICE TRADES.
UH, AND THE FIRST THINGS WE DISCUSSED WAS THE CHANGE IN COLLATERAL FORMS. UH, ERCOT IS LOOKING TO TIE UP, UH, CLEAN UP SOME ADMINISTRATIVE STUFF AND ALIGN, UM, UH, POLICIES WITH, UH, RECENT NPRS THAT HAVE BEEN PASSED.
UH, THESE ARE STILL UNDER DISCUSSION AND WE EXPECT A VOTE.
UH, WE'RE LOOKING AT LETTERS OF CREDIT, SURETY BONDS AND PARENTAL GUARANTEES ARE CAUGHT.
STAFF HAS NOT FILED AN N P R YET, BUT THAT'S WHAT THEY'RE LOOKING AT.
UH, SO WITH RESPECT TO PARENTAL GUARANTEES, THESE WERE EFFECTIVELY ELIMINATED WITH N P R 1112 AS FAR AS SUPPORTING UNSECURED CREDIT.
UH, AND WITH 1165, WHICH WAS VOTED ON TODAY, UM, THERE ARE GUAR, THE NOTION OF A GUARANTOR HAS BEEN MORE OR LESS REPLACED BY THE NOTION OF A PARENT.
SO THERE WERE OTHER GUARANTEES THAT WERE TIED TO FINANCIAL STATEMENTS, AND THOSE REQUIREMENTS ARE GOING AWAY, UH, WITH RESPECT TO LETTERS OF CREDIT.
UM, THEY'RE JUST BASICALLY CLEANING UP SOME LANGUAGE, UH, TO REFLECT MARKET STANDARD ACTIVITY.
PEOPLE CAN EXCHANGE PDFS FOR AMENDMENTS NOW, UM, WHEREAS RATHER THAN, YOU KNOW, USING HARD COPIES BY COURIER OR FAX, UH, THEY'RE ALSO LOOKING AT APPLYING AGENCY RATINGS TO US BRANCHES OF FOREIGN BANKS.
UH, SO THIS IS A MARKET STANDARD.
YOU SEE IT IN MOST TRADING AGREEMENTS IS THE, THOSE SORTS OF THINGS.
UH, HOWEVER, THEY IDENTIFY THE POTENTIAL FOR POSSIBLY UP TO SIX BANKS TO NOT MEET THESE REQUIREMENTS.
SO WHEN ERCOT, UM, PROMULGATES AND M P R R, THEY ANTICIPATE, YOU KNOW, ALLOWING SOME TIME FOR THE PEOPLE WHO MIGHT BE AFFECTED BY THIS, HAVING TO REPLACE N L C, UH, GIVING THEM SOME TIME TO BE ABLE TO DO THAT, AND SURETY BONDS WILL LIKELY REQUIRE AM BEST RATINGS.
SO, 1175, UH, WE VOTED ON THIS AGAIN AS A RESULT OF ACTIVITY AT P R S, UH, WHO VOTED TO, UH, APPROVE, UH, 1175 AS AMENDED BY OUR COMMENTS FROM OUR JUNE MEETING.
UM, SO THIS WAS, UH, A COUNTERPARTY MUST BE ABLE TO DEMONSTRATE TO ERCOT IT'S REASONABLE SATISFACTION THAT IT DOES NOT POSE AN UNDUE FINANCIAL RISK.
SO DEFAULT, UH, BY MARKET PARTICIPANT ENTITY OR PRINCIPLES.
AND THIS FINANCIAL RISK MAY INCLUDE, BUT NOT LIMITED TO MARKET MANIPULATION, TRADING VIOLATIONS, FINANCE RELATED VIOLATIONS BASED UPON, UH, FINAL ADJUDICATION AND BY STATE OR FEDERAL, UH, REGULATORY BODY OR LEGAL PROCEEDINGS, UM, DEFAULTS IN ERCOT OR OTHER ISOS RESULTING IN LOSSES OR UPLIFTS OR INDICATIONS OF BANKRUPTCY OR INSOLVENCY CIVIL JUDGEMENTS OR CRIMINAL CONVICTIONS THAT REFLECT PROBLEMATIC BEHAVIOR BY THE ENTITY OR PRINCIPLES.
SO THERE WAS JUST, WE, WE DISCUSSED THIS AT THE LAST MEETING.
UH, THERE WAS SOME CONCERN, OBVIOUSLY, REGULATORS AND, AND OTHER ENTITIES ARE ALWAYS ASKING FOR INFORMATION INQUIRING ABOUT THINGS, REQUESTING DATA AND SO ON.
SO THERE WAS LANGUAGE ADDED TO, UH, THIS NOTION OF A FORMAL, UM, UH, A, A FORMAL INVESTIGATION.
UM, SO THEY INCLUDED LANGUAGE THAT SAID, ANY COMPLAINT, FORMAL INVESTIGATION, DISCIPLINARY ACTION CONCERNING FINANCIAL MATTERS INITIATED BY THE S E C C F T C, FERC SROS, ISOS RTOS OR POCS, UH, INVOLVING APPLICANT PREDECESSORS, AFFILIATES, OR PRINCIPALS.
ALSO, ERCOT ADDED LANGUAGE TO CLARIFY THE INTENTION THAT FOR BACKGROUND CHECKS REQUIRED WILL BE CONDUCTED BY A THIRD PARTY, NOT ERCOT AND ERCOT WILL REVIEW THE BACKGROUND CHECKS.
UH, WE VOTED TO ENDORSE THIS A HUNDRED PERCENT AS HAVING POSITIVE CREDIT IMPLICATIONS.
AS WE'VE, UH, BEEN DISCUSSING THE CREDIT CALCULATIONS, WE'RE ALWAYS DISCUSSING THE CREDIT CALCULATIONS, AND THIS IS WHAT RESULTS IN THE, UH, TOTAL POTENTIAL EXPOSURE THAT YOU SEE EVERY MONTH, UM, AND EVERY DAY ON YOUR STATEMENTS.
UH, SO SHAMS WITH RAINBOW, UH, WITHDREW A, A PREVIOUS N P R, WHICH PROPOSED TO ALTER THE CALCULATION RESULTING IN COLLATERAL OBLIGATIONS BASED ON INSTANCES OF OVERCOLLATERALIZATION.
UM, HIS PROPOSAL, UH, WANTED TO SOUGHT TO ALTER, UH, BUILD AND UNBUILD STATEMENTS, DAY COUNTS,
[01:00:01]
AND, UH, FORWARD ADJUSTMENT FACTORS.SO HIS PRIMARY CONCERN WAS THAT DURING URI, UM, MARKET PARTICIPANTS FACED INCREASED COLLATERAL OBLIGATIONS WHEN IN FACT THEY, YOU KNOW, THEY WERE IMPORTING POWER, ERCOT OWED THEM MONEY, AND THERE WERE ECONOMIC DISINCENTIVES TO BRING MORE POWER TO THE GRID ON DC TS.
UM, SO AT, AT THE MEETING, UH, THE CREDIT STAFF AGREED WITH RAY'S FUNDAMENTAL PREMISE THAT DOUBLE COUNTING DOES OCCUR IN THE CREDIT CALCS.
AND, UH, WE'RE FORMULATING A, UM, A PLAN TO ADDRESS THIS.
UH, THIS WILL INVOLVE A, YOU KNOW, A HIGH DEGREE OF COMPLEXITY IN CHANGING THE CREDIT, UM, ALGORITHM.
BUT, UH, YOU KNOW, WE WE'RE GONNA GO THROUGH IT.
UH, ALSO, UM, OUR VICE CHAIR, LORETTA MARTIN, SHE HAD REQUESTED ERCOT STAFF TO DEVELOP AN INVOICE REPORT, SO, UM, MARKET PARTICIPANTS COULD TRACK WHAT IS OUTSTANDING.
AT THE PREVIOUS MEETING, UM, AUSTIN ROSELL DISCUSSED INTERNALLY WITH OUR CUTT STAFF AND BELIEVES THIS IS FEASIBLE.
UH, IT WAS ALSO DISCUSSED THAT, I GUESS RECENTLY SEVERAL COUNTERPARTIES HAD, UM, UNPAID WIDE AREA NETWORK INVOICES AND, UH, IT'S JUST A LOT OF INVOICES OUT THERE.
AND THIS GROUP WAS LOOKING FOR A CONSOLIDATED REPORT.
UM, I AS A, AS A FIRST PASS, IT WILL, UH, INCLUDE 30 DAYS OF POSTED INVOICE, BUT COULD NOT INDICATE PAYMENT STATUS.
UM, THEY'RE GONNA WORK TO DEVELOP IT OVER TIME.
I THINK WE ALL CONSIDERED THIS WOULD BE AN ACCEPTABLE START, AND IT'S UNDER DEVELOPMENT WITHOUT A DELIVERY DATE AT THIS TIME.
UH, OKAY, UH, NEXT SLIDE PLEASE.
UH, WE, UM, LOOKED AT A, DISCUSSING THE VOTE DEFAULT ERCOT RECEIVED THE PROCEEDS OF A LETTER OF CREDIT FOR $500,000 POSTED BY VOLT ELECTRICITY PROVIDER.
LP WITH THE P U C, UH, IS A REP THAT DEFAULTED IN FEBRUARY, 2021.
DURING YURI, THE PROCEEDS WILL BE APPLIED TO SHORT PAID INVOICES ATTRIBUTED TO VAULT'S UNPAID INVOICES.
UM, ERCOT EXPECTS TO DISTRIBUTE THESE FUNDS TO THOSE SHORT PAID INVOICES IN THE NEXT MONTH.
UH, HERE IS A NEW C F S G VOTING MEMBER, ANTHONY LURCH FROM CONSTELLATION REPRESENTING, UH, INDEPENDENT GENERATORS, I BELIEVE THAT WILL GO TO THE COMBO BALLOT.
AND FINALLY, WRAPPING UP WITH THE COLLATERAL HIGHLIGHTS.
UH, TOTAL POTENTIAL EXPOSURE IN THE MARKET INCREASED SLIGHTLY FROM 1.1 BILLION TO 1.46 FROM MAY TO JUNE.
IT INCREASED DUE TO HIGHER FORWARD ADJUSTMENT FACTORS AND REAL-TIME DAY AHEAD SETTLEMENT POINT PRICES, UH, WE LOOKED AT DISCRETIONARY COLLATERAL AS WELL, AND THIS TWO INCREASED FROM 3.1 BILLION TO 3.66 BILLION FROM MAY TO JUNE WITH NO UNUSUAL CALLS.
SO HERE WE'RE LOOKING AT THE T P E, THE MAX T P E AND T P E REPRESENTED IN THE BLACK AND YELLOW LINES.
UH, I THINK, AS WE ALL KNOW IT, THE HEAT STARTED TO COME ON IN IN JUNE.
AND, UH, MARKET PARTICIPANTS, YOU KNOW, HAVING TO COVER THEIR OBLIGATIONS AS WELL AS, UM, HAVE ADDITIONAL, UM, ACCESS TO THE DAY AHEAD MARKET, YOU KNOW, POST AMOUNTS IN EXCESS OF THAT.
AND YOU CAN SEE MOST OF IT IS LETTERS OF CREDIT.
AND, UH, THOSE GREEN LOT, THOSE GREEN BARS OF UNSECURED REDDIT ARE GOING AWAY IN OCTOBER.
AND THIS IS JUST KIND OF A DEEPER DIVE OVER, UH, A RECENT PERIOD, JUST SHOWING HOW THE COLLATERAL TRACT, SO THERE'S NOTHING UNUSUAL HERE, UH, PEOPLE POSTING A LITTLE BIT EXTRA AGAIN, TO HAVE ACCESS TO DAY AHEAD.
UM, RIGHT NOW THE QUEUE IS IN EMPTY.
ANY COMMENTS OR QUESTIONS FOR BRENDAN? OKAY, SEEING NONE.
UH, AS MENTIONED, WE DO HAVE, UH, ONE NEW CCF G UH, C F S G, UH, VOTING MEMBER THAT'S BEING PROPOSED HERE.
IF THERE IS NO OPPOSITION TO DOING SO, I'D LIKE TO GO AHEAD AND PLACE THIS ON THE COMBO BALLOT AS WELL.
ANY OPPOSITIONS OR COMMENTS ON THAT? SEEING NONE, WE'LL MOVE THAT
[01:05:01]
TO THE COMBO BALLOT.SO I THINK WE'VE GOT JIM CONNECTED AND HOPEFULLY WE GOT THE AUDIO SQUARED AWAY.
[10. WMS Report (Vote) (Part 2 of 2)]
JIM ON THE W M SS REPORT.SO, JIM? YEAH, CAN YOU HEAR ME NOW, CLIFF? YES, SIR.
UM, I GUESS WELL, WE'LL GO WRONG.
SO PICKING UP AGAIN ON OUR JULY 12TH WMS MEETING, UM, WE HAD TALKED ABOUT N P R 1186 AND SUBSEQUENTLY SCHEDULED, UM, WITH ERCOT A WORKSHOP TO TALK ABOUT RTC PLUS B.
UM, AND, UM, THE RELATED IMPACTS OF 1186.
SO THAT WAS HELD AT ON JULY 19TH.
UM, WE ALSO TALKED ABOUT, UM, UH, R AND UH, HAVING A WORKSHOP TO TALK ABOUT THE VERIFIABLE FUEL COSTS, UM, AND APPROACHING, UM, A HOLISTIC REVIEW OF RUCK AND, AND ALL OF THE THINGS RELATED TO R UM, AND SO WE HAD, UH, SCHEDULED, UM, THE WORKSHOP FOR AUGUST 7TH LATE BREAKING NEWS.
UM, AS OF, UM, YESTERDAY, UM, TALKING WITH, UM, UH, JOHN RICH, WHO IS THE, THE, THE CHAIR OF WI UM, AND DISCUSSING THE UPCOMING AUGUST 3RD O O OPEN MEETING DISCUSSION ABOUT D R R S.
UM, THERE WAS A FEELING THAT, UH, IT WOULD PROBABLY BE, UH, PRUDENT TO, UH, SCOOCH THE, UM, RUCK WORKSHOP AND
UM, AND SO JUST A, A QUICK PLUG THAT WE ARE LOOKING WEAVING, UM, UM, WMS LEADERSHIP AND, AND THE, UH, WORKSHOP LEADERSHIP OF POSTPONING OR, OR MOVING THAT WORKSHOP OUT TO EARLY SEPTEMBER.
UM, AND THEN WE ALSO HAD A PRETTY GOOD DISCUSSION ON THE E C R S.
UM, THERE WAS A, UH, A REQUEST FROM THE I M M, UM, FOR ERCOT TO DO A DEEP DIVE ANALYSIS ON THE SEVEN, UH, 10 DEPLOYMENT OF E C R S, UM, AT THE AUGUST WIM MEETING.
UM, SO, UM, THERE WAS A REQUEST MADE THERE AS WELL AS, UM, A STAKEHOLDER REQUEST AS FAR AS FOR THE, THE, THE DISPLAY ON ERCOT.COM, UH, TO POSSIBLY CONSIDER ADDING A LINE FOR BATTERIES UNDER THE E C R S SECTION ON THE, UH, SYSTEM ANCILLARY SERVICE CAPACITY MONITOR PAGE.
AND SO, UM, THERE, THERE WAS SOME REALLY GOOD, UM, UH, BACK AND FORTH ON E C R S THERE.
WE ALSO HAVE SCHEDULED, UM, FOR THE SEPTEMBER, UH, SIXTH WMS MEETING, UM, KIND OF A DEEP DIVE INTO THE I M M STATE OF THE MARKET REPORT.
UM, SO TUNE IN, UM, TO THE SEPTEMBER W M S MEETING FOR THAT.
AND THEN, UH, LAST THING WE KIND OF TOOK UP WAS APPROVING THE SCOPE FOR THE RESOURCE COSTS WORKING GROUP THAT WAS RECENTLY STOOD UP AND HAS BEEN DOING A LOT OF GREAT WORK.
SO THE ONE VOTING ITEM THAT WE HAVE UP FOR TAX CONSIDERATION TODAY IS V C M R 34, UM, EXCLUDING ROCK APPROVED FUEL COSTS FROM FUEL ADDERS.
AND, UM, AS IT SAYS, YOU KNOW, THIS PROVIDES THE ACTUAL FUEL PURCHASES THAT WERE USED TO DETERMINE THE R GUARANTEE, AND THAT SHALL NOT BE INCLUDED WHEN CALCULATING FUEL ADDERS.
AND SO, UM, W M S VOTED TO RECOMMEND APPROVAL, UM, AS SUBMITTED ON ON JUNE, UM, WITH AN OPPOSING VOTE, UM, FROM THE INDEPENDENT GENERATOR SEGMENT AND THREE ABSTENTIONS.
AND SO, UM, CLIFF, IF I CAN PAUSE HERE TO SEE HOW YOU WANNA HANDLE VCR R 34? YEAH, LET'S CIRCLE BACK TO IT.
IF YOU WANT TO JUST GO AHEAD AND ROLL THROUGH THE REST OF THE PRESENTATION, WE'LL PICK UP THE V C M R R AT THAT POINT.
UM, SO THIS IS JUST A ILLUSTRATION OF THE REVISION REQUESTS THAT WMS IS STILL REVIEWING.
UM, AGAIN, WE HAVE, UH, 1172 AND 1179, UH, TO BE DISCUSSED AT THE SEPTEMBER RUCK, UH, VC WORKSHOP.
UM, AND THEN I'LL DRAW YOUR ATTENTION TO THE V CMRS ON THE BOTTOM, BOTTOM, UM, BOTTOM.
SO 33, UM, UH, WILL BE WITHDRAWN.
UM, 35 IS, UH, WILL BE REJECTED AS THOSE
[01:10:01]
TWO ARE BOTH RESOLVED BY N P R 1177.AND THEN, UM, FOR 37, UH, VCR 37, THAT'S STILL TABLE AT RC WG, UH, PENDING MORE ACTION ON, UM, 1172.
SEE, I HAVE QUESTION FROM ERIC Q.
UM, HEY, JIM, I DON'T KNOW IF I MISSED AN EMAIL ABOUT MOVING THE REC WORKSHOP TO SEPTEMBER.
WHY DO WE NEED TO DO THAT? NO, THAT WAS, THAT WAS LATE BREAKING, UM, NEWS, UM, KIND OF DISCUSSIONS FROM THIS, THIS, THIS MORNING.
UM, JOHN, JOHN, JOHN RICH WAS, UM, UH, WANTING TO, TO, TO MOVE THAT FOR THE AUGUST 3RD OPEN MEETING DISCUSSION ON D R R SS.
AND BEING THAT, YOU KNOW, THERE ARE, UM, YOU KNOW, IT'S IN BECAUSE, UH, D R SS IS INTENDED AT LEAST TO REDUCE R UM, I THINK, I THINK, UH, JOHN WANTED TO, TO KIND OF UNDER UNDERSTAND THE DEGREE TO WHICH, UM, G R R S RESOLVES THE PROBLEM PROBLEM, AND THEN MAYBE SEE IF THERE NEEDS TO BE SOME ADJUSTMENTS ON, ON HOW THAT WORKSHOP NEEDS TO BE, UH, MAYBE, UH, RE REVISIONED IF, IF YOU WILL.
THIS, YOU KNOW, KIND OF THIS MORNING IT'S, IT'S KIND OF BEEN BREAKING IN THE LAST, UM, STARTING FROM YESTERDAY AFTERNOON.
AND SO IT WAS SOMETHING THAT, UM, WE THOUGHT WE MIGHT LET THE C GROUP KNOW THAT THAT DATE IS STILL IN FLUX.
UH, I, I WOULD OPPOSE MOVING THIS.
WE'VE HAD OUR, UH, CONSUMER N P R R TABLED FOR QUITE A LONG TIME NOW, UM, BECAUSE, UM, WE'RE WAITING ON THIS WORKSHOP.
D R R S IS ENTIRELY SEPARATE FROM OUR N P R R.
AND, UM, IF THE WORKSHOP IS DELAYED, UH, WE WILL PUSH TO GET OUR R M D R APPROVED ON A FASTER TIMELINE AND NOT WAIT FOR THE WORKSHOP.
NO, THAT'S, LET, LEMME IF, IF, IF YOU'LL, LIKE I SAID THIS, THIS HAS BEEN, THIS HAS BEEN BREAKING NEWS.
SO IF, UM, LET ME, LET ME GO BACK AND CONSULT WITH DANA AND JOHN, UH, FROM THE WORKSHOP, UH, FROM THE WORKSHOP PERSPECTIVE, AND THEN, UM, WE, WE CAN, WE, WE MIGHT NEED TO FINE TUNE THAT A LITTLE BIT.
BUT, UH, WE'LL, WE'LL, WE'LL SEND OUT, WE'LL SEND OUT AN UPDATE THROUGH THE WMSS LISTER, UM, WITH KIND OF, UH, WITH KIND OF WHAT WE, WHAT WE DISCUSSED, IF THAT'S ALL RIGHT.
JUST KEEP, KEEP ME IN THE LOOP ON THAT BECAUSE, YOU KNOW, ONE OF THE MAIN AGENDA ITEMS ON THERE IS THE CONSUMER'S N P R R ON THIS TOPIC.
UM, AND, UM, I THINK AUGUST 14TH IS STILL AN OPTION, UH, THAT WE HAD A HELD RESERVATION FOR, UM, I, I DON'T KNOW WHY WE COULDN'T PICK THAT DATE STILL.
I, I THINK, UM, IT WAS BEING HELD BY ERCOT.
YEAH, JIM, IF Y'ALL DON'T MIND HAVING THAT DISCUSSION AND, AND, UM, AS FAR AS WHAT YOU DETERMINE THERE, IF YOU DON'T, DON'T MIND NOT ONLY CIRCULATING THAT AMONGST, UM, W M SS WOULD, IF YOU DON'T MIND CIRCULATING THAT AMONGST TAC 'CAUSE I THINK THERE'S A HIGH DEGREE OF INTEREST IN THAT, UH, AT BOTH LEVELS THERE.
ANY OTHER COMMENTS OR QUESTIONS FOR JIM ON ITEMS IN THE W M S REPORT BEFORE WE TAKE A V C M R R 0 3 4? OKAY.
OKAY, LET'S ROLL BACK TO V CMRR 0 3 4.
UM, I BELIEVE IT LOOKS LIKE WE WILL WANT A FULL BALLOT FOR THIS ONE.
I BELIEVE WE'LL HAVE AT LEAST ONE OPPOSING VOTE ON IT.
SO, UM, THAT BEING SAID, UH, WHAT'S THE PLEASURE OF TAG? DO WE HAVE ANY MOTION THAT WE WOULD LIKE TO PLACE BEFORE TAG? OKAY.
WE'VE GOT A MOTION FROM ERIC GOFF TO RECOMMEND APPROVAL OF V C M R R 0 3 4 AND A SECOND FROM CHRIS HENDRICKS.
ANY COMMENTS OR QUESTIONS ON THE MOTION? WE GOT A COMMENT FROM NED.
[01:15:01]
THANK YOU, CLIFF, CAN YOU HEAR ME? YES, SIR.UM, I'M PROBABLY NO SURPRISED THAT LUMINANT WOULD LIKE TO REGISTER A VOTE AGAINST.
WE'VE, WE'VE GOT A BIT OF A RECORD IN COMMENTS ON THIS AND I WON'T REPEAT THOSE HERE FOR SAKE OF TIME.
UM, YOU KNOW, WE DO THINK THAT, UM, YOU KNOW, THERE ARE BOTH POLICY AND PRACTICAL ISSUES TO, TO BE WORKED OUT WITH, UH, THIS PROPOSAL.
UM, YOU KNOW, ONE OF WHICH IS THAT, YOU KNOW, IT CREATES A, IT'LL CREATE SOME DIFFICULTY WITH, UM, YOU KNOW, RECONCILING WHICH COSTS ARE SUBMITTED AND APPROVED THROUGH THE, UH, THE, THE, THE SECTION NINE PROCESS VERSUS WHAT CAN GO IN THE FUEL LADDERS.
AND SO, UM, YOU KNOW, IF TAC WANTS TO MOVE FORWARD, UH, IN APPROVING THIS V C M R, THEN I THINK IT WOULD BE WISE TO, UH, CONSIDER WHETHER THERE ARE WAYS TO, UM, YOU KNOW, SUPPORT CLEAR UNDERSTANDING OF, YOU KNOW, WHICH PERHAPS WHICH HOURS, UM, YOU KNOW, THESE PROVISIONS APPLY TO, UH, PERHAPS THROUGH A SYSTEM CHANGE REQUEST.
AND, UM, WE'LL, WE'LL LOOK TO, TO MAYBE ENGAGE IN DISCUSSIONS ABOUT THAT, UM, FOLLOWING TAX DECISION.
ANY OTHER COMMENTS OR QUESTIONS ON THE MOTION? OKAY.
SEEING NONE, COREY, WE'LL TURN IT OVER TO YOU.
ON THE MOTION TO RECOMMEND APPROVAL OF E C M R R 34, AS RECOMMENDED BY W M S IN THEIR JULY REPORT.
WE WILL START UP WITH THE CONSUMERS, WITH MARK.
AND A YES, THANK YOU, THANK YOU ONTO THE CO-OPS, UH, KATIE.
ONTO OUR INDEPENDENT GENERATORS.
AND THEN BOB FOR CAITLIN ABSTAIN, PART DUE
ONTO OUR IPMS. JEREMY? YES, THANK YOU, REMI.
STILL WITH US? JAY, I'LL LOOP BACK A SECOND.
HOW ABOUT UNDER IOUS? KEITH? YES, THANK YOU, COLIN.
ONTO OUR MUNI, JOSE? UH, YES, THANK YOU, DAVID.
YES, THANK YOU, UH, CURTIS FOR RUSSELL.
AND THEN ONE MORE CALL FOR JAY HARPEL.
ONE OPPOSED? THREE ABSTAINING.
SO, UH, WE'VE GOT THE THREE ABSTENTIONS IN THE INDEPENDENT GENERATOR SEGMENT, IF YOU DON'T MIND.
AGAIN, UM, AS WE DO OUR PREP FOR THE BOARD MEETING, IF YOU COULD PROVIDE A LITTLE BIT MORE COLOR TO US, UM, YOU KNOW, AND AS SO WE CAN FULLY DEVELOP THAT RECORD AND, AND BE ABLE TO, TO SPEAK KNOWLEDGEABLY ABOUT THAT, THAT WOULD BE GREAT.
SO, OKAY, THAT CLOSES OUT THE W M S REPORT.
[12. Large Flexible Load Task Force (LFLTF) Report (Part 1 of 2)]
CAN NOW MOVE ON TO AGENDA ITEM NUMBER 12, THE LARGE FLEXIBLE LOAD TASK FORCE UPDATE.SO, UH, WE'VE GOT BILL BLEVINS LINED UP FOR THAT.
BILL, YOU UH, YOU AVAILABLE BILL? YOU THERE?
[01:20:03]
OKAY, SO WE'RE NOT HEARING BILL RIGHT NOW.SO WE'LL CIRCLE BACK TO BILL, BILL HERE IN JUST A LITTLE BIT.
IF WE CAN GET SOMEONE TO, TO TRY TO HUNT HIM DOWN IF HE'S NOT ON THE PHONE OR IF WE CAN SEE IF HE CAN DIAL BACK IN.
[13. ERCOT Reports]
GO AHEAD AND MOVE ON TO THE ERCOT REPORTS AGENDA ITEM NUMBER 13 RIGHT NOW.SO WE'LL GO AHEAD AND START OFF.
MATT'S GOT THE FIRST TWO ITEMS THERE.
SO WE'VE GOT, UH, AN R T C UPDATE FORUM, FOLLOWED BY AN E C R S GO LIVE UPDATE.
SO I WANTED JUST, JUST HAVE THREE SLIDES HERE TO KIND OF SHOW THE TRAJECTORY OF WHERE THE REALTIME QUANTIZATION PROGRAM IS HEADED.
AS KAN COMMUNICATED THE BOARD MEETING, WE'VE RESTARTED THE PROGRAM.
UH, WE DO HAVE SOME SUB PROJECTS UNDER IT, THE WAY WE'VE BROKEN IT UP IN TERMS OF HOW IT FITS TOGETHER, BUT THOSE, UH, PROJECTS ARE UP AND RUNNING.
THE SCOPE OF THE PROGRAM IS REALTIME OPTIMIZATION IS, WAS DEFINED THROUGH THE R T C T F, THAT TASK FORCE WITHIN P R 1007 THROUGH 13.
WE HAVE THE SINGLE MODEL BATTERIES, THAT WAS THE PRODUCT OF THE BATTERY ENERGY STORAGE TASK FORCE.
AND THEN WE HAD THE, UM, FORTHCOMING STATE OF CHARGE MODELING THAT WAS NOT PART OF THE BATTERY TASK FORCE AT THE TIME, BUT HERE WE ARE FOUR YEARS LATER AND RECOGNIZING THE NEED FOR THAT.
AND SO, UM, THE OTHERS, THE WHAT TO DO BEFORE R T C THAT NIKA IS OFF AND RUNNING WITH.
AND THEN WE'LL BE INVITING HER INTO WHAT WE'RE GONNA TALK ABOUT IN A MINUTE WITH HOW TO ENGAGE THE MARKET ON STATE OF CHARGE FOR R T C.
SO INTERNALLY, WE DO CALL THE PROGRAM, UH, R T C PLUS B, JUST BATTERIES INCLUDED.
UH, SOMETIMES THERE'S CONFUSION ABOUT WHAT THE PROGRAM IS.
IS IT JUST R T C OR DOES IT INCLUDE BATTERY? SO WE JUST HAVE INFERRING IT TO IT THAT WAY IF THAT'S A NEW NOMENCLATURE TO Y'ALL.
AND WE CAN WORK ON BRANDING IN A POSSIBLE WORKING GROUP.
UH, THE CURRENT ESTIMATED COST, UH, IN TIMELINE IS $50 MILLION WITH A TARGET DELIVERY IN 2026.
SO AGAIN, THAT 50 MILLION IS FOR ALL OF THE SCOPE LISTED ABOVE.
THERE'S NO NEW MONIES WITHIN THAT.
ERCOT ALSO RECOGNIZED THE POTENTIAL CHALLENGES AND CONSTRAINTS, UH, WITH OTHER EFFORTS, BUT WE'RE COMMITTED TO CONTINUING PROGRESS, UH, AS BEST WE CAN.
WE KNOW THERE'S A LOT GOING ON RIGHT NOW, BUT, UH, YOU KNOW, ERCOT, FROM A RISK MITIGATION PERSPECTIVE, WE KNOW THAT R TC IS WHERE WE WANT TO BE AND CONTINUE TO WORK ON IT AS QUICKLY AS WE CAN AS RESOURCES ARE AVAILABLE.
SO IN TERMS OF, UM, WHAT ARE NEXT STEPS, I DO HAVE A REQUEST.
SO WE BELIEVE NOW'S THE RIGHT TIME TO RECONSTITUTE A DEDICATED WORKING GROUP TO SUPPORT THE IMPLEMENTATION OF R T C, UH, WITH BATTERIES AS WE HAD WRAPPED UP, JUST HIT PAUSE BACK IN 2019 AND 2020, ALL THE PROTOCOLS WERE APPROVED AND WE SUNSET THE REAL-TIME CO OPTIMIZATION TASK FORCE AND SAID, HEY, THIS IS GREAT.
WE'RE GONNA TAKE A BREAK, BUT THEN WE'RE GONNA NEED A WORKING GROUP TO START TO WORK ON ALL THE, UH, IMPLEMENTATION DETAILS OR CLARIFYING NPRS OR SOME POLICY ISSUES.
I HAVE AN APPENDIX BEHIND HERE THAT KIND OF LISTED THOSE LEFTOVER TOPICS THAT STILL NEEDED TO BE DONE.
UM, AN EXAMPLE IS WE DID PARAMETERIZE A LOT OF THINGS.
WE ACKNOWLEDGED THAT THERE WOULD BE A AS PROXY OFFER THAT'S NEEDED, BUT WE DIDN'T VET THE VALUE OF WHAT THAT WOULD BE.
AND SO, AGAIN, SOME OF THOSE ARE IN THE APPENDIX, BUT SO ER, I, I AM WILLING TO CHAIR AND LEAD A WORKING GROUP TO ADDRESS THE FOLLOWING IMPLEMENTATION RELATED THINGS OR ALL THE DETAILS THAT STILL NEED TO BE VETTED, UH, TO GET US TO GO LIVE.
SO THERE'S THE IDEA OF THIS STATE OF CHARGE, N P R, UH, THERE WILL BE OTHER NPRS THAT ARE NEEDED AS BUSINESS REQUIREMENTS ARE DEVELOPED.
AGAIN, R T C WAS 550, UH, PAGES OF PROTOCOLS, UH, BATTERY SINGLE MODEL IS OVER 200 PAGES.
SO AS WE GO THROUGH THE 700 PAGES AND DEVELOP BUSINESS REQUIREMENTS, IT IN INEVITABLY THERE WILL BE CLARIFICATION NEEDED.
AND THEN ALSO, AGAIN, IS CONSIDERING THE BROADER IMPLEMENTATION PICTURE IS TAKING A LOOK AT THE ROADMAP AND TIMELINE FOR THE SEQUENCE OF THE OPEN ITEMS AND OTHER ITEMS AS THEY COME UP.
SO, UM, OPEN POLICY ISSUES ARE THINGS LIKE WE TALKED ABOUT DECONSTRUCTING THE O R D C CURVE INTO AS PROXY CURVES.
WE HAVE THE IDEA OF SUPPORTING DETAILS LIKE THE OPERATING PROCEDURES, YOU KNOW, THE NEXT LAYER OF DETAILS IN THAT, UH, WHAT THE MARKET PARTICIPANT NEEDS.
WHEN DO WE NEED TO PUBLISH THE INTERFACE SPECIFICATIONS SO THAT MARKET PARTICIPANTS CAN DEVELOP THEIR SIDE OF IT.
AND THEN OPEN ANALYSIS ISSUES.
THERE'S THE IDEA THAT, UH, FOR CERTAIN POINTS IN TIMES WHETHER OR NOT WE SHOULD BE RUNNING AN ANALYSIS OF WHAT THE O R D C CURRENT SYSTEM PRICE FORMATION WOULD LOOK LIKE AND WHAT WOULD REAL TIME CO OPTIMIZATION WOULD LOOK LIKE.
AND SO WE'RE PROPOSING, UM, AND I'VE ALREADY DRAFTED, WE'RE STARTING TO VET IT INTERNALLY, IS WHAT THE SCOPE OF AN RTC PLUS BATTERIES WORKING GROUP LOOKS LIKE.
AND I WOULD BRING THAT CHARTER, I WOULD POST IT AT LEAST A WEEK AHEAD OF TIME, MAYBE EVEN A LITTLE FURTHER AHEAD, UH, WITH SOME THINGS.
WHAT I'VE DONE IS I'VE FORKLIFTED THE R T C TASK FORCE AND RECALL THAT WAS A GROUP THAT REPORTED TAC, IT
[01:25:01]
WAS A CONSENSUS BUILDING GROUP WITH THE ABILITY TO ESCALATE ISSUES THAT WE GET STUCK ON TO TAC AND THE GROUP WOULD JUST CONTINUE TO WORK THROUGH THE DETAILS OF HOW THINGS FIT TOGETHER WELL.UM, AND IT, IT'S A GREAT PLACE TO COLLABORATE AND TO GET TO A, UM, YOU KNOW, A DIRECT A DIRECTION THAT WE ALL AGREE WITH QUICKLY.
UH, SO AGAIN, WE WOULD ASK FOR VICE CHAIR, UH, TO SUPPORT THAT GROUP.
UH, BUT THAT'LL OPEN UP FOR ANY QUESTIONS.
AND AGAIN, IN THE APPENDIX, I HAD, YOU KNOW, A COUPLE MORE SLIDES THAT SHOW THOSE ACTION ITEMS, BUT I'VE TOUCHED ON THE MAIN ONES THERE IN THAT SUB-BULLET LIST IN THE MIDDLE OF THE SCREEN.
APPRECIATE THE UPDATE THERE AND, UH, LOOKING FORWARD TO GETTING THIS SET UP THERE.
WE, AND, AND I GUESS FIRST OF ALL, THANKS FOR VOLUNTEERING TO BE THE VICTIM OR MAYBE RATHER THE CHAIR IN THAT REGARD.
COMING BACK FOR MORE PUNISHMENT THERE.
SO, UH, WE DO HAVE, UH, LOOKS LIKE CHRISTIE IN THE QUEUE.
UM, SO I KNOW WORKING GROUPS ARE TYPICALLY MORE PERMANENT, WHEREAS TASK FORCES ARE TEMPORARY.
SO YOU ENVISION THIS THROUGH YOUR PROPOSAL TO MAKE IT A WORKING GROUP, UH, A MORE PERMANENT GROUP EVEN AFTER IMPLEMENTATION? UH, NO, IT WOULD BE A GROUP THAT WOULD SUNSET AFTER IMPLEMENTATION.
SO I TALKED A LITTLE BIT ABOUT ANNE, ABOUT THIS, AND I, I THINK ERCOT IS OPEN TO WHETHER OR NOT IT'S A WORKING GROUP OR A TASK FORCE.
UM, SO I, WHEN I TALKED TO ANNE BOURNE, SHE BELIEVED IT COULD GO EITHER WAY.
UH, WHEN WE HAD TALKED ABOUT IT AT THE END OF R T C TASK FORCE, WE HAD TALKED ABOUT IT BEING A WORKING GROUP, BUT I, I'M OPEN TO THE SUBTLETIES OF MAKING SURE WE MAKE IT THE RIGHT DELIVERY VEHICLE.
YEAH, I MEAN, I'M, I DON'T WANNA GET WRAPPED AROUND THE AXLE AND I MEAN, I DON'T REALLY CARE.
I, BUT WHEN I THINK ABOUT, YOU KNOW, THE BREAKDOWN OF COMMITTEE SUBCOMMITTEE, WORKING GROUP, TASK FORCE, THEY ALL DO SORT OF HAVE, UM, YOU KNOW, DIFFERENT RELATIONSHIPS AND ALL OF THAT.
AND SO I THINK PERSONALLY THAT A TASK FORCE IMPLIES THAT THIS IS NOT A GROUP THAT WILL BE AROUND, YOU KNOW, INDEFINITELY.
AND I KNOW NO GROUP IS AROUND, YOU KNOW, OR ANYTHING CAN CHANGE, BUT JUST BECAUSE THAT WE KNOW THIS WILL HAVE A SUNSET FOLLOWING IMPLEMENTATION, IT JUST SEEMS TO MAKE SENSE TO ME, UH, THAT IT'D BE A TASK FORCE.
BUT AGAIN, I, YOU KNOW, I'M NOT GONNA GET WRAPPED AROUND THE AXLE ON IT.
I'M OPEN TO THAT IDEA OR FOR OTHER PEOPLE TO WEIGH IN.
SO THANKS FOR POINTING THAT OUT.
UH, GOT A COUPLE OTHER QUESTIONS.
SO WE GOT NED IN THE QUEUE FOLLOWED BY BOB WHITMEYER.
AND, UH, MATT, I, I, I'M ALSO GLAD TO HEAR THAT YOU'RE WILLING TO, TO STEP INTO THE, THE HELM AGAIN.
UM, YOU KNOW, I KNOW YOU, IT'S A LOT OF WORK, UH, BUT I KNOW YOU'LL BE ABLE TO, TO HANDLE IT QUITE WELL, SO HAPPY TO SEE THAT.
UM, I WAS CURIOUS IF YOU HAD, AND MAYBE I MISSED IT, BUT, UH, A TIMING OF WHEN YOU WANTED TO STAND THIS UP.
WOULD THIS BE, UH, SEPTEMBER, OCTOBER OR NEXT YEAR? UH, TIMEFRAME? YEAH, NO, I'M SORRY.
SO, I DON'T KNOW, I READ THE LAST BULLET THERE.
YEAH, IT WAS TO START IN SEPTEMBER.
SO WHAT I'D LIKE TO DO IS GET THE CHARTER OUT INTO TAX HANDS, UM, IN A COUPLE WEEKS.
AND SO THAT, I WOULD HOPE THAT WE COULD COME AND WORK ON THE TAX CHARTER, UM, FOR THE WORKING GROUP, UH, OR TASK FORCE AT THE NEXT TAX.
AND THAT WOULD BE THE GREEN LIGHT.
AND WE MAY EVEN GO AHEAD AND SCHEDULE, THIS MAY BE PRESUMPTUOUS, BUT GO, GO AHEAD AND START TO SCHEDULE AT LEAST ONE MEETING IN SEPTEMBER AND THEN TO BE ON A MONTHLY CADENCE OR MORE FREQUENT IF NEEDED, JUST TO KIND OF WRAP UP AS DIFFERENT MILESTONES COME, COME TO PASS.
SO THE IDEA IS TO BEGIN WORK IN SEPTEMBER.
THANK YOU FOR CLARIFYING THAT.
AND NOW I SEE IT WAS RIGHT IN FRONT OF MY FACE THIS WHOLE TIME, SO I APOLOGIZE.
I'M STILL TRYING TO FIGURE IT OUT MYSELF.
SO I, I, AND I AM WILLING TO WORK WITH THE CADENCE OF WHAT THE MARKET CAN HANDLE.
ALSO, I KNOW WE'RE ALL STRETCHED PRETTY THIN RIGHT NOW, SO.
YEAH, CHRISTIE ASKED MOST OF MY, MOST OF MY QUESTION, BUT MATT, IN MY MIND, THE BREAK POINT'S KIND OF ABOUT A THREE YEAR LIFE.
HOW LONG DO WE THINK WE NEED THIS WORKING GROUP? IT WOULD BE WHAT OUR PLAN AT THIS POINT IS TO GO LIVE IN 2026, SO RIGHT AT THAT THREE YEAR MARK KIND OF THING.
BUT THIS, THIS WORKING GROUP WOULD PROBABLY GO ON A LITTLE AFTER THAT, RIGHT? TO ANY BUG FIXES OR ANYTHING LIKE THAT.
YES, I AGREE THAT, YOU KNOW, IF E C R S WASN'T A, UH, A GOOD EXAMPLE OF MORE CONVERSATIONS ARE NEEDED AFTERWARDS.
SO IF THIS IS, IF WE, I'M HAPPY TO CARRY THAT FORWARD AFTER THE GO LIVE TO STABILIZE ON.
SO, SO MAYBE A WORKING GROUP IS THE, GIVEN THE DURATION IT'S GONNA TAKE, MAYBE THAT IS THE RIGHT THING IN THIS CASE.
IT LOOKS LIKE THE QUEUE IS EMPTY.
ANY OTHER COMMENTS OR QUESTIONS FOR MATT?
[01:30:01]
OKAY.SO, UH, HAVE THIS IN THE BACK OF YOUR MINDS OVER THE COURSE OF THE NEXT MONTH, AND THEN AS WE CIRCLE UP IN AUGUST, UH, WE SHOULD HAVE, AS MATT POINTED OUT, THAT CHARTER FOR US TO, TO CONTEMPLATE AS WELL.
SO, UH, HOPEFULLY WE'LL HAVE SOMETHING IN, IN PRETTY GOOD FORM THAT WE CAN GO AHEAD AND MOVE FORWARD WITH AND GET THIS GROUP, UH, STOOD UP, WHETHER IT BE A WORKING GROUP OR A TASK FORCE.
SO, ALL RIGHT, MATT, THANKS FOR THAT.
UH, YOU GET TO CHAT WITH US ABOUT THE E C R S GO LIVE UPDATE.
YEAH, WELL THIS ONE'S MUCH SHORTER.
THIS IS REALLY JUST A TOUCHSTONE BECAUSE THIS WAS AN IMPORTANT TOPIC AT THE LAST TAC MEETING.
UH, I THINK BOTH CHASE AND JIM HAVE ALREADY TOUCHED ON IS TO ENSURE THAT THE BATON GOT PASSED TO THE, UH, SUBCOMMITTEES AS NEEDED FOR SUPPORTING ANALYSIS.
SO I, I KNOW IKA WAS AT R OSS AND HER TEAM, UH, I KNOW THAT, UH, ALFREDO WENT TO WM SS AND THEY'RE GONNA BE AT WM WG TO DO SOME MORE ANALYSIS OF JUNE 10TH, I'M SORRY, JUNE 20TH AND JULY 10TH DEPLOYMENT.
SO, UM, I REALLY DON'T HAVE ANYTHING ELSE TO OFFER TODAY OTHER THAN ACKNOWLEDGING AND CONFIRMING THAT WE DID LISTEN TO TAC AND WE ARE WORKING WITH THE SUBCOMMITTEES AS NEEDED, AND THAT'S WHERE WE'LL BE ENGAGED.
ILL OPEN UP FOR ANY QUESTIONS.
ANY COMMENTS OR QUESTIONS, UH, FOR MATT THAT MAY NOT BE OTHERWISE ADDRESSED AT EITHER R O S OR W M S AT THIS POINT? OKAY, SEEING NONE, MATT, YOU'RE OFF THE HOOK.
OKAY, UH, LAST ERCOT REPORT FOR THE DAY IS THE C P S SAN ANTONIO SOUTH RELIABILITY REGIONAL PLANNING GROUP PROJECT.
UH, PBU, ARE YOU AVAILABLE? YES.
UH, CAN YOU HEAR ME? CLIFF? YES, SIR, GO AHEAD.
SO THIS IS, UH, C P S ENERGY SAN ANTONIO SOUTH RELIABILITY PROJECT.
UH, THIS IS A TIER ONE PROJECT, UH, THAT WAS SUBMITTED BY C P S, UM, IN DECEMBER OF 2022.
UM, AS SHOWN IN THE SLIDE, PRIMARY REASON IS TO ADDRESS THE RELIABILITY NEED IN THE SAN ANTONIO AREA.
SO, UH, HERE ARE THE REQUIREMENTS FOR THE TIER ONE PROJECT.
UM, AS PER THE PROTOCOL SECTION 3.1, 4.7, UH, ANY PROJECT THAT EXCEEDS A CAPITAL COST OF A HUNDRED MILLION DOLLARS IS CLASSIFIED AS A TIER ONE PROJECT.
AND TIER ONE PROJECTS WILL REQUIRE ERCOT BOARD ENDORSEMENT SUBSEQUENTLY, UM, AS DEFINED IN THE PROTOCOL SECTION THREE POINT 11, 0.4 0.9.
UM, THIS TIER ONE PROJECT WILL BE PRESENTED FOR TAC FOR REVIEW AND COMMENTS AND ANY COMMENTS FROM THE TAC WILL BE, UH, INCLUDED AND PRESENTED TO THE BOARD DURING THE ENDORSEMENT.
SO, AS I SAID, THE THE NEED IS, THE, THE PRIMARY NEED OF THE PROJECT IS THE RELIABILITY NEED.
SO WHEN ERCOT PERFORMED THE INDEPENDENT REVIEW, WE DID, UH, IDENTIFY, UH, RELIABILITY ISSUES.
UH, BASICALLY WHAT, UH, BASED ON THE ERCOT, UH, PLANNING GUIDE CRITERIA, WE DID IDENTIFY SEVERAL 1 38 KV LINES, UH, TOTAL OF, UH, ROUGHLY AROUND 27 MILES OF, UH, 1 38 KB LINES THAT, UH, HAD, UH, THERMAL OVERLOADS.
SO IN ORDER TO ADDRESS THE RELIABILITY NEEDS, ERCOT STARTED WITH THE LOOKING AT FIVE DIFFERENT OPTIONS, AND THEN WE EVENTUALLY SHORTLISTED TO THREE OPTIONS AMONG THE THREE OPTIONS.
OPTION FIVE SEEMS TO ADDRESS THE RELIABILITY NEED AS WELL AS PROVIDE THE LONG-TERM LOAD SERVING CAPABILITY, OPERATIONAL FLEXIBILITY, AND ALSO PROVIDE ADDITIONAL TRANSFER PATH TO THE SOUTH TEXAS, UM, INTO THE SOUTH SAN ANTONIO AREA.
SO THE TABLE HERE, UM, SHOWS THE COMPARISON FOR ALL THE THREE SHORTLISTED OPTIONS, UH, JUST TO GIVE YOU AN OVERVIEW OF THE THREE, UH, SHORTLISTED OPTIONS.
UM, OPTION THREE IS, UH, PRIMARILY, UH, UPGRADING EXISTING 3 45 KV LINES, UH, ROUGHLY AROUND 95 MILES OF, UH, EXISTING 3 45 KB LINES.
OPTION FOUR IS, UH, PRIMARILY ADDRESSING THE 1 38 KB OVERLOADED LINES.
AND OPTION FIVE IS THE PREFERRED OPTION WHERE, UM, THERE IS A PROPOSED NEW 3 45 KB LINE ADDITION TO EXISTING UPGRADES.
SO, LOOKING AT THE DIFFERENT CATEGORIES HERE, AS I SAID, OPTION FIVE UM, MEETS THE ERCOT AND THE NERC RELIABILITY CRITERIA.
IT ALSO IMPROVES THE, UH, LOAD SERVING CAPABILITY, PROVIDES AN ADDITIONAL PATH, UH, INTO SAN ANTONIO.
AND IN TERMS OF OPERATIONAL FLEXIBILITY, THIS ALSO ADDRESSES THE CONCERNS WE HAD LAST, UH, FEW YEARS.
UM, IN TERMS OF, UH, OPERATIONAL FLEXIBILITY ALSO ADDRESSES THE N MINUS
[01:35:01]
ONE MINUS ONE, UH, PERFORMANCE OF, UH, OF THE SOUTH AREA.SO THE ESTIMATED COST OPTION THREE IS THE HIGHEST, UH, COST, WHICH AROUND $505 MILLION.
OPTION FOUR, EVEN THOUGH IT'S A 1 38 KB UPGRADE.
UH, BASED ON THE FEEDBACK, UH, THERE ARE SOME OPERATIONAL, UM, OR CONSTRUCTION ISSUES, FEASIBILITY ISSUES IDENTIFIED BY THE TSPS, WHICH WOULD REQUIRE SIGNIFICANT OUTAGE OR OF THE EXISTING, UH, SUBSTATIONS FOR EXTENDED PERIOD.
SO OPTION FIVE, UM, IS ESTIMATED TO BE $329 MILLION.
AND THIS IS, UH, THIS IS THIRD CARD'S PREFERRED OPTION.
SO IN ADDITION TO THE RELIABILITY ANALYSIS, UM, THERE ARE ADDITIONAL, ADDITIONAL REQUIREMENTS TO PERFORM, UH, SUBSEQUENT MENTS ASSESSMENT.
UM, THIS ONE IS ANYTIME WE PROPOSE NEW LINES, WE HAVE TO PERFORM A SS S R SCREENING.
SO WE PERFORM AN S S R SCREENING FOR OPTION FIVE, AND WE DETERMINE THAT THIS OPTION DOES NOT ADVERSELY INTRODUCE OR IMPACT THE S S R ISSUES FOR EXISTING OR PLANNED GENERATE RESOURCES IN THE STUDY AREA.
IN ADDITION, THERE IS REQUIREMENT TO PERFORM A CONGESTION ANALYSIS AND SENSITIVITY ANALYSIS AS DEFINED IN THE PLANNING GATE SECTION 3.1, 0.3.
UM, SO BASED ON THIS, WE PERFORMED THOSE ANALYSIS FOR THE SELECTED OPTION, WHICH IS THE OPTION FIVE.
AND, UH, THE CONGESTION ANALYSIS DID SHOW THERE WAS ONE NEW LINE, UH, WHICH SHOWED MINIMAL CONGESTION, UH, WAS A NEW CONGESTION, UH, LINE WAS, UH, 1 38 KV LINE.
UM, BUT WHEN WE PERFORMED THE ECONOMIC ANALYSIS, UH, WE CONCLUDED THIS THERE WAS NOT ENOUGH ECONOMIC BENEFITS TO PURSUE THIS UPGRADE AT THIS POINT AND RECOMMEND AS PART OF THIS OPTION.
UM, IN ADDITION, UH, WE ALSO PERFORMED THIS, UH, LOAD SCALING SENSITIVITY STUDY, AND, UH, THAT STUDY SHOWED THAT THE, THAT THE LOAD SCALING USED IN THE CASES DID NOT HAVE A MATERIAL IMPACT ON THIS PROJECT OR THE NEED.
SO THE ERCOT RECOMMENDATIONS BASED ON THE REVIEW, ERCOT WILL RECOMMEND, UH, THE BOARD TO ENDORSE OPTION FIVE TO ADDRESS THE
THEY EXPECTED INSERVICE LINE FOR IN SERVICE FOR THE PROJECT IS JUNE OF 2027, AND, UH, AS YOU COULD SEE, THE NEW ESTIMATED COST IS $329 MILLION.
UM,
I THINK THAT'S THE LAST SLIDE.
CAN WE GO TO THE NEXT SLIDE PLEASE? YEAH.
SO YEAH, THIS IS, THIS IS THE OPTION FIVE, UH, DETAILS OF OPTION FIVE.
AS I SAID, THERE IS THIS, UH, THIS CALLS FOR A NEW 50 MILE, UH, NEW 3 45 KV DOUBLE CIRCUIT LINE BETWEEN HARVARD ROAD AND SAN MIGUEL, AND ALSO, UH, REBUILT THE EXISTING CAG ONTO HARVARD ROAD 3 45 KV DOUBLE CIRCUIT LINE, WHICH IS, UH, ROUGHLY AROUND 15 MILES.
UH, IN ADDITION, UH, THERE ARE 2 1 38 KV LINES EXISTING, 1 38 KB LINES BETWEEN HARVARD ROAD AND LEON CREEK AND LEON CREEK AND SAND OUT THAT, THAT THOSE LINES ARE RECOMMENDED FOR UPGRADES.
AND, UH, UH, THIS WILL ALSO ADD A THIRD, UH, 600 KV, 600 M B A 3 45, 1 38 K OUT AUTO AT, UH, HARVARD ROAD SUBSTATION.
SO THIS IS A, THIS IS THE, UM, AREA MAP THAT'S SHOWING SOME OF THE UPGRADES RECOMMENDED FOR OPTION FIVE.
UH, I BELIEVE THIS IS THE LAST SLIDE, SO I'LL STOP HERE AND SEE IF ANYBODY HAS ANY QUESTIONS.
PROBABLY, WE'VE GOT A FEW FOLKS IN THE QUEUE.
SO WE'VE GOT BOB HILTON, DAVID KEY, AND THEN JOHN ROSS HUBBARD.
SO BOB, YEAH, MY QUESTION IS ON SLIDE SEVEN, WE'RE TALKING ABOUT THE CONGESTION AND THE SENSITIVITY ANALYSIS.
WELL, THE QUESTION I HAD IS YOU INDICATED THAT YOU DID SEE NEW CONGESTION ON A 1 38 KV LINE BASED ON THESE, THESE UPGRADES.
UH, WELL, THIS BEING A, A ATTACK OPEN PUBLIC FORUM, IS THERE A REASON YOU CAN'T TELL US WHAT LINE THAT IS? BECAUSE I NOTICED THAT WASN'T INCLUDED.
NO, THAT THAT LINE IS INCLUDED IN THE REPORT.
SO IF YOU WANT, THAT'S, UH, 1 38 KB LINE.
UM, I DON'T HAVE THAT INFORMATION RIGHT IN FRONT OF ME, BUT THAT'S, UH, IT'S A LINE FROM KAON TO SOMEWHERE
[01:40:01]
CLOSE.YEAH, I DIDN'T SEE THE PRESENTATION, SO THANKS.
UM, JUST WANTED TO THANK ACCOUNT FOR, UM, THE RECOMMENDATION.
I THINK WE DO SUPPORT THIS, UM, AND I'M EXPECTING THIS TO GO ON THE COMBO BALLOT, BUT IF NOT, I'M HAPPY TO OFFER A MOTION TO APPROVE.
JOHN, CAN YOU HEAR ME OKAY, CLIFF? YES, SIR.
UH, THIS IS MORE OF A GENERAL QUESTION FOR ERCOT, UH, NOT NECESSARILY RELATED TO, TO THIS REPORT, BUT, UM, AT THE LAST TAC MEETING, THERE WAS A REQUEST FOR AN UPDATE ON HOW ERCOT ISS CHOOSING THE PUBLIC LOAD FORECAST COMPARED TO THE OTHER LOAD FORECAST NEEDS.
AND ERCOT SAID THEY'D LOOK INTO IT, AND I DIDN'T SEE IT ON TODAY'S AGENDA, SO I WASN'T SURE, UH, WHAT THE PLAN IS FOR ADDRESSING IT.
JOHN, I, I'M NOT SURE IF YOU'RE REFERRING TO THE, THE NEW PIGGER 1 0 7 AND THE ASSOCIATED N P R 1180, OR IS IT SEPARATE ISSUE? IT'S A SEPARATE ISSUE, OR, I WAS JUST GONNA DIVE INTO HOW IT, TO WHICH LOAD FORECAST IT WAS USING FOR PUBLIC, UH, REPORTING ON THE WEBSITE.
I AM NOT FAMILIAR WITH THAT, SO I NEED TO SEE IF ANYBODY ELSE FROM ERGOT WANTS TO ANSWER OR I THINK JEFF, JEFF HAS A COMMENT.
MAYBE HE CAN, YEAH, JEFF, GO AHEAD.
YEAH, SO, UM, WE, WE'VE, UH, HAD SOME DISCUSSIONS ABOUT THAT INTERNALLY, UM, AND, UM, HAPPY TO, UH, HAVE FURTHER DISCUSSIONS.
I, I, OFF THE TOP OF MY HEAD, I DON'T REMEMBER.
I, I THOUGHT THAT WAS MAYBE REFERRED TO A ANOTHER GROUP, BUT, UM, JUST OFF THE TOP OF MY HEAD, I, I CAN'T REMEMBER.
BUT, UM, UH, BUT I, I WOULD BE THE CORRECT POINT OF CONTACT FOR THAT.
UM, I, I JUST OFF THE TOP MY HEAD, SORRY, I CAN'T REMEMBER WHICH, WHICH GROUP WE WERE WORKING WITH ON THAT.
ANY OTHER QUESTIONS, JOHN? NO, THANK YOU.
ANY OTHER COMMENTS OR QUESTIONS FOR BU ON THIS? OKAY, SO THE QUEUE IS EMPTY, SO WE, WE AS TECH HAVE THE OPTION TO GO AHEAD AND ENDORSE THIS IF WE SO CHOOSE.
UH, THAT BEING SAID, IF I HEAR NO OBJECTIONS TO DOING SO, I, WE'LL GO AHEAD AND PLACE AN ENDORSEMENT OF THIS PARTICULAR PROJECT ON THE COMBO BALLOT THERE.
UH, ANY OBJECTIONS TO THAT PATH OF ACTION? OKAY, HEARING NONE, WE'LL GO AHEAD AND PLACE THAT ON THE COMBO BALLOT.
UH, AND THAT CONCLUDES AGENDA ITEM NUMBER 13 PERTAINING TO THE ERCOT REPORTS.
[12. Large Flexible Load Task Force (LFLTF) Report (Part 2 of 2)]
GOT BILL BLEVINS ON THE, ON THE LINE RIGHT NOW.SO WE'LL GO AHEAD AND CIRCLE BACK TO LARGE FLEX BELOW TASK FORCE REPORT.
UM, MILLER, ARE YOU AVAILABLE? YEP.
CAN YOU HEAR ME OKAY? YES, SIR.
UM, YEAH, SO WE DON'T HAVE MUCH TO REPORT RIGHT NOW.
WE CANCELED THE, UH, MEETING, UM, THAT WE HAD HERE IN THIS MONTH BECAUSE, UM, THE TASK FORCE WANTED TO WAIT UNTIL WE GET THE, THE RULES OUT.
I THINK AT THE LAST T UPDATE, I KIND OF COVERED GENERALLY WHAT YOU WOULD SEE IN THOSE RULES.
UM, WE'RE TRYING TO FINALIZE THAT PART UP AND GET IT OUT THIS FIRST PART OF AUGUST.
AND THEN WE'LL, UM, TAKE UP THE LANGUAGE DISCUSSIONS IN OUR AUGUST SCHEDULED, UM, MEETING.
THERE WAS ONE OF THE RULES THAT WE WERE LOOKING TO GET OUT, UM, AND IT'S, UM, ADDRESSING A COUPLE OF THE, UH, UH, LARGE LOAD ISSUES, AND THAT WAS THE N P R R THAT, UH, I THINK IS 1188, UM, DEALS WITH CLRS.
UH, BUT WE'VE GOT SOME, UM, I THINK THREE OR FOUR MORE, UM, SETS OF RULES THAT WE'LL BE BRINGING OUT, A PLANNING GUIDED REVISION AND N P R R AND
SO WE'RE GETTING ALL THAT PACKAGED UP AND HOPEFULLY WE'LL HAVE IT OUT FIRST PART OF AUGUST, AND WE'LL TALK ABOUT THAT, UH, SET OF RULES PLUS WHAT SIZE N P R R, UM, AT THE NEXT TASK FORCE.
ONE OTHER ISSUE THAT I'LL JUST BRING UP FOR THE TAC, WE'VE NOTICED WE'VE GOT, UH, 42 GIGAWATTS THAT WE'RE TRACKING IN THE QUEUE.
UM, AND I KNOW A LOT OF PEOPLE LIKE TO KNOW KINDA WHAT THE QUEUES HAVE BEEN DOING.
UM, SO WE'RE THINKING ABOUT, YOU KNOW, MAYBE SINCE WE DIDN'T HAVE A MEETING, JUST
[01:45:01]
PUTTING TOGETHER THE SLIDES ON THE QUEUE AND, AND THEN SENDING 'EM OUT TO THE TASK FORCE SO PEOPLE COULD SEE THAT I COULD HAVE PO POSSIBLY POST IT WHERE WE CANCELED THIS LAST MEETING SO PEOPLE COULD SEE THAT.BUT I THINK THERE, UM, THAT'S OUR, OUR THINKING ABOUT JUST TRYING TO GET SOME INFORMATION OUT THAT PEOPLE LIKE TO, UH, TRACK.
UH, WE HAVE SOME, UM, PROJECTS THAT WE HAVE APPROVED ALL THEIR STUDIES.
UM, I WANNA SAY THERE'S PROBABLY FIVE TO SEVEN GIGAWATTS OF, UH, PROJECTS THAT WE'VE APPROVED STUDIES FOR, BUT WE HAVEN'T REALLY SEEN ANYTHING MOVING FORWARD.
UM, WE, WE WERE, WE'RE CALLING THAT STALE PROJECTS, AND SO WE'RE STARTING AN ENGAGEMENT GOING BACK TO THE TSPS TO GET SOME UPDATES ON SOME OF THESE PROJECTS THAT WE HADN'T HEARD, UH, FROM IN A BIT.
SO WE MAY SEE SOME, UH, LET'S SAY, ADJUSTMENTS TO THE QUEUE AFTER WE GET THROUGH THAT.
UM, BUT WE THINK THAT THERE PROBABLY NEEDS TO BE SOME DISCUSSION AROUND HOW LONG THESE STUDIES ARE, ARE VALID BEFORE, UM, YOU KNOW, IF YOU HAVEN'T STARTED CONSTRUCTION AND YOU WANT TO GET CONNECTED IN TWO YEARS, UM, AT SOME POINT THOSE STUDIES MIGHT NEED TO BE REFRESHED OR SOMETHING.
SO WE'LL PROBABLY TALK ABOUT THAT TOPIC AS WELL AT THE NEXT, UH, MEETING.
AND THAT'S PRETTY MUCH ALL I'VE GOT.
ANY COMMENTS OR QUESTIONS FOR BILL ON THIS PARTICULAR TOPIC? ALL RIGHT, VERY WELL KEEP PRESSING ON.
[14. Other Business]
ITEM BEFORE WE HIT THE COMBO BALLOT UNDER OTHER BUSINESS.NOW WE HAVE THE 2024 STAKEHOLDER MEETING CALENDAR.
UH, THIS ISSUE WAS RAISED LAST MONTH, AS YOU RECALL, UM, AND THERE WAS A REQUEST TO GO BACK AND LOOK AT WEDNESDAY AND THURSDAY, UH, POTENTIAL MEETING DATES FOR ATTACK FOR NEXT YEAR.
SO, UM, SUSIE WENT AND DID SOME WORK ON THAT AND GOT THAT INFORMATION UPLOADED.
UM, I BELIEVE THE THURSDAY DRAFT SCHEDULE, UH, CAME A LITTLE BIT LATER THERE, BUT WE DO HAVE SOME OPTIONS FOR US TO LOOK AT THERE.
SO, UH, HOPEFULLY WE CAN COME TO A CONSENSUS IN TERMS OF HOW TO MOVE FORWARD, UM, SO THAT, UH, THE OTHER SUBCOMMITTEES CAN CAN WORK AROUND THAT AND OTHER GROUPS CAN START FILLING IN THE GAPS AS NEED BE THERE.
SO THAT BEING SAID, UM, WE'LL GO AHEAD AND TEE THAT UP.
UM, FOR DISCUSSION, IF WE CAN GO AHEAD AND OPEN UP THE WEDNESDAY CALENDAR AND TAKE A LOOK AT THAT FIRST.
SO WE'VE GOT A WEDNESDAY CALENDAR SET AHEAD OF US THERE.
UM, AND YOU CAN SEE, IF I RECALL CORRECTLY, I BELIEVE MOST OF THESE MEETINGS, UH, AND, AND CORRECT ME IF I'M WRONG ON THIS, UH, COREY OR SOMEONE, OTHERWISE I BELIEVE MOST OF THESE MOVED UP A WEEK IF I'M NOT CORRECT, UH, IF I'M NOT CORRECT, PLEASE, PLEASE MAKE SURE THAT I'M, I'M, I'M CORRECTED ON THAT PARTICULAR POINT THERE.
THE OTHER OPTION WE HAVE ARE THE THURSDAY MEETING OPTIONS.
UM, THAT BEING SAID, I KNOW HISTORICALLY IN THE PAST WHEN WE'VE LOOKED AT THURSDAY MEETING DATES, WE HAVE HAD CONFLICTS AT TIMES WITH E U C UH, OPEN MEETINGS.
AND SO THOSE HAVE NOT YET BEEN DETERMINED.
SO THERE WOULD BE A POSSIBILITY IF WE OPTED TO GO AHEAD AND ADOPT THURSDAY MEETING DATES FOR 2024, THEN WE COULD HAVE SOME CONFLICTS WITH PUBLIC UTILITY COMMISSION OPEN MEETINGS AT WHICH POINT IN TIME, I KNOW THERE'S A LOT OF INTEREST AMONGST THIS BODY IN PARTICULAR AND WHAT GOES ON AT THE PUBLIC UTILITY COMMISSION.
AND SO WE MAY END UP HAVING TO MOVE A FEW OF THOSE DATES, UH, DEPENDING UPON THE INTEREST AND, AND WHAT'S GOING ON THERE.
SO DID WANT TO POINT THAT OUT AS WELL.
THAT BEING SAID, UM, WE NOW HAVE THREE DIFFERENT SETS OF CALENDARS OUT THERE, ONE FOR TUESDAY, ONE FOR WEDNESDAY, AND ONE FOR THURSDAY.
UM, LOOKING FOR ANY SORT OF INPUT AND DIRECTION FROM TECH IN TERMS OF WHAT DIRECTION WE WOULD LIKE TO GO IN THAT REGARD.
WE'VE GOT A PRETTY QUIET GROUP.
WE'VE GOT NOTHING IN THE QUEUE.
I WOULD OFFER THAT WE LOOK AT WEDNESDAYS FOR NEXT YEAR IN THAT REGARD.
UM, DO HAVE A QUESTION FROM BOB HILTON? WELL, I WANTED A QUESTION.
I MEANT TO PUT A COMMENT, BUT YEAH, I, I'M TENDING TO AGREE WITH YOU IF WITH WHAT YOU JUST SAID, UH, SUPPORTING THE WEDNESDAY, BECAUSE I BELIEVE THAT NEXT YEAR THE P U C OPEN MEETINGS ARE GONNA BE QUITE IMPORTANT AND QUITE INTERESTING FOR MOST OF US WITH EVERYTHING GOING ON, ON WITH 1500 AND THE REST.
SO I'D STAY AS FAR AWAY FROM THOSE AS WE COULD.
SO I'M STARTING TO SEE SOME COMMENTS POP UP IN THE CHAT FUNCTION WITH, UH, PRETTY MUCH UNANIMITY,
[01:50:01]
UH, PERTAINING TO WEDNESDAYS.I DO HAVE A QUESTION FROM NED IN THE CHAT.
HEY, CLIFF, I DON'T DISAGREE WITH THE RATIONALE THAT ANYONE'S, UH, LAID OUT FOR PREFERRING WEDNESDAYS, BUT LOOKING AT THE APRIL CALENDAR, UM, JUST WANTED TO THINK THROUGH WHETHER THERE MIGHT BE ANYTHING COMING FROM P R S TOT THAT MONTH THAT WOULD, WHERE IT WOULD BENEFIT HAVING MORE GAP BETWEEN THE TWO IN ORDER TO ALLOW FOR POSTING.
UM, I'LL JUST, I'LL DEFER TO ERCO ON THAT.
UM, ANDY, DO YOU HAVE ANY FEEDBACK THERE? YEAH, WE'RE, WE'RE LOOKING AT THAT RIGHT NOW AND A POSSIBILITY IS TO, UM, MOVE P R S UP TO THE EIGHTH BECAUSE, UH, THAT'S CORRECT THAT WE PROBABLY WOULDN'T MAKE THAT ONE WEEK NOTICE AND WOULD HAVE TO WAIVE NOTICE ON ITEMS GOING TO TACK.
UM, BUT WE COULD ALWAYS MOVE P R S UP AS WELL.
OKAY, ANY OTHER COMMENTS OR QUESTIONS ON THE PROPOSED SCHEDULE? OKAY, SEEING NONE, THE GENERAL CONSENSUS I'M SEEING IN THE CHAT IS SUPPORT FOR WEDNESDAY.
SO I THINK OUR MOTION WOULD BE ON THE COMBO BALLOT TO APPROVE THE WEDNESDAY, THE 2024 MEETING CALENDAR WITH THE WEDNESDAY, PRIMARILY WEDNESDAY MEETING DATES IN THERE.
SO, UH, IF THERE'S NO OBJECTION TO THAT, WE'LL GO AHEAD AND SPECIFY THAT FOR PURPOSES OF THE COMBO BALLOT.
ANY COMMENTS OR QUESTIONS ON THAT? OKAY, SEEING NONE, WE WILL PLACE THAT ON THE COMBO BALLOT.
UH, NICK, UH, SORRY TO CHIME IN LATE HERE, BUT, UH, LOOKING AT THE WEDNESDAY SCHEDULE, I'M JUST CURIOUS WITH TAC MEETING LESS THAN A WEEK BEFORE THE ERCOT MEETINGS, IS THAT GONNA CAUSE A POSTING PROBLEM BECAUSE THEY ERCOT WOULDN'T BE ABLE TO MAKE THE SEVEN DAY ADVANCE NOTICE FOR ANYTHING COMING OUTTA TECH GOING TO THE BOARD AND IN FACT, IN JUNE WE'RE MEETING AFTER ERCOT, SO THAT'S
UM, SO TYPICALLY SINCE THE BOARD HAS MOVED TO AN EVERY OTHER MONTH MEETING, UM, I DON'T KNOW IF PEOPLE ARE AWARE, BUT NOT, THERE'S ALWAYS A TAC MEETING THAT SKIPS THE MOST RECENT BOARD AFTER THAT.
SO EVEN RIGHT NOW, UM, A FEBRUARY TAC MEETING WOULD NOT GO TO THE FEBRUARY BOARD MEETING MATERIALS.
THERE'S ALWAYS GONNA BE ONE TAG MEETING THAT'LL BE PUSHED OUT TO THE FOLLOWING BOARD.
DOES THAT MAKE SENSE? WELL, I, I UNDERSTAND ONE, BUT IT LOOKS LIKE NEXT YEAR EVERY ONE OF THEM WOULD BE THAT SITUATION.
WELL, WHEN WE'RE MEETING IN THE SAME MONTH, RIGHT? YES.
AND, AND, AND THAT'S HOW IT IS CURRENTLY AS WELL.
THAT'S HOW IT HAS BEEN FOR THE LAST, I DUNNO HOW MANY YEARS, BUT THERE'S ALWAYS GONNA BE ONE TAC MEETING THAT'S PUSHED OUT TO THE NEXT BOARD MEETING OR THE ONE THAT'S TWO MONTHS FOLLOWING.
UH, AS LONG AS THAT GAP'S NOT CAUSING A PROBLEM, I GUESS WE CAN KEEP DOING IT THAT WAY.
ANY OTHER COMMENTS OR QUESTIONS,
[15. Combo Ballot (Vote)]
UM, NEED A, UH, IF YOU DON'T MIND PULLING THAT UP.
SO, UH, WE JUST NEED TO ADD OUR, I BELIEVE, COREY, I THINK WE JUST NEED TO ADD A RECOMMENDATION PERTAINING TO THE, UH, CALENDAR, IF THAT'S CORRECT.
OR MAYBE I'M MISUNDERSTANDING, UH, MISSTATING THAT, BUT OTHERWISE YOU'VE GOT THE OTHER REVISION REQUESTS ON THE SCREEN FOR Y'ALL TO REVIEW IN THE MEANTIME.
I WAS JUST GONNA SAY, ANN, ANN CAN CORRECT ME IF I'M WRONG, BUT I, I DON'T BELIEVE YOU GUYS NEED TO FORMALLY VOTE ON THE CALENDAR.
IT WASN'T, IT WASN'T NOTED FOR A VOTE AND I DON'T BELIEVE YOU HAVE TO FORMALLY VOTE ON IT.
I THINK YOU'VE GOT THE DISCRETION AS LEADERSHIP.
YOU'VE GOT THE DIRECTION FROM THE GROUP THAT YOU NEED.
THAT WAS NOT NOTICED FOR A VOTE, SO I DID, I I MISSED THAT.
SO WE WILL GO AHEAD AND SET THOSE MEETING DATES FOR, UH, WEDNESDAY OF NEXT YEAR.
MY APOLOGIES FOR MISSTATING THAT IN THAT REGARD.
SO WE'VE GOT THE REVISION REQUEST IN FRONT OF YOU AND THE OTHER ITEMS THAT, UH, WE WOULD LIKE TO VOTE UPON AS PART OF THE COMBO BALLOT.
WE'VE GOT A MOTION FROM DAVID KEY IN THE CHAT, A SECOND FROM JOSE GAAN ON THAT ONE.
SO THAT BEING SAID, ANY COMMENTS OR QUESTIONS ON THE MOTION TO APPROVE THE COMBO BALLOT?
[01:55:02]
SEEING NONE, CORY IS YOUR SHOW AGAIN? ALL RIGHTY, THANKS SIR.ON THE MOTION TO APPROVE THE COMBO BALLOT, WE WILL START UP WITH THE CONSUMER, WITH MARK.
YOU STILL WITH US? HEY MARK, HOW ABOUT NICK? YEAH, THANK YOU GARRETT.
OKAY, I'VE GOT YOU IN THE CHAT.
UH, BILL SMITH? YES, THANK YOU.
UNDER OUR CO-OPS, KATIE? FOR? MIKE? YES.
UNDER OUR INDEPENDENT GENERATORS, BRIAN? YES, THANK YOU.
AND THEN BOB FOR CAITLIN? YES, SIR.
ON OUR IPMS. JEREMY? YES, THANK YOU, REMI.
YES, THANK YOU BLAKE FOR RICHARD.
YES, THANKS COREY AND OUR MUNIS.
YES, THANK YOU CURTIS FOR RUSSELL.
ALRIGHT, CORY, I APPRECIATE YOU RUNNING THAT ONE AGAIN.
SO, AND UH, THAT BEING SAID, THAT CONCLUDES OUR AGENDA FOR TODAY.
OUR NEXT, UH, REGULARLY SCHEDULED TECH MEETING IS SET FOR AUGUST 22ND.
UH, THAT BEING SAID, UH, NO ONE ELSE REMAINING IN THE QUEUE.
WE SHALL GO AHEAD AND ADJOURN TODAY'S TECH MEETING AND Y'ALL ENJOY THE REST OF THE DAY.