CMM Tech Refresh Project Update

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Presentation transcript:

CMM Tech Refresh Project Update June 19, 2017

CMM Tech Refresh Project 2015 CMM NPRRs and Tech Refresh – Combines approved NPRRs, CMM technical refresh and new Treasury functionality into a single project to gain efficiencies. The project will be delivered in three phases. Phase 1 is in Execution and will deliver the CMM technical refresh along with the majority of the Credit-related NPRRs. The CMM project has lost some key resources, putting the targeted May 2018 delivery date for Phase I at risk. The team is working on developing plans to address the project risk and, if necessary, revise the timing of some of the deliverable. We can commit that key functionality, including NPRR 800, will still be delivered prior to next summer. To the extent that phasing of deliverables does change, we will be brining detailed information to CWG/MCWG. Phase 2 which continues in Planning, will deliver Financial Transfer functionality and additional Credit/Treasury efficiencies. The go-live date for this phase will be determined soon. Phase 3 will deliver any remaining low-priority scope. The go-live date for this phase will be addressed following completion of Planning for Phase 2.

CMM Tech Refresh Project NPRR Implementation Schedule Phase 1 NPRR800 Revisions to Credit Exposure Calculation to Use Electricity Future Market Prices NPRR760 Calculation of Exposure Variables For Days With No Activity NPRR648 Remove Reference to Flowgate Rights NPRR683 Revision to Available Credit Limit Calculation NPRR743 Revision to MCE to have a Floor for Load Exposure NPRR660 Remove CRR State Change Adder NPRR519 Exemption of ERS-Only QSEs from Collateral and Capitalization Requirements NPRR755 Agent-Only QSE Registration NPRR620 Collateral Requirements for Counter-Parties with No Load or Generation NPRR741 Clarifications to TPE and EAL Credit Exposure Calculations Phase 2 will include the implementation of NPRR 702. NPRR702 Flexible Accounts, Payment of invoices, and Disposition of Interest on Cash Collateral Phase 3 will include the implementation of NPRR484 (1B) NPRR484 (1B) Revisions to Congestion Revenue Rights Credit Calculations and Payments

Credit Updates Approved Revision / Change Requests * Estimated Target Release Date is May 2018 (will be firmed up in the near future) Project Status Codes: NS = Not Started, I = Initiation, P = Planning, E = Execution, H = On Hold TBD = To Be Determined

CMM Tech Refresh Project Questions