***** EXTERNAL email. Please be cautious and evaluate before you click on links, open attachments, or provide credentials. *****

NOTICE DATE:  February 8, 2017
NOTICE TYPE:  M-A020817-01 CRR
SHORT DESCRIPTION:  Repossessed CRRs available in one-time auction
INTENDED AUDIENCE:  CRR Account Holders and Counter-Parties
DAY AFFECTED:  February 8 - 16, 2017
LONG DESCRIPTION:  A Congestion Revenue Right (CRR) Account Holder's awarded CRRs for March 2017 through December 2018 have been repossessed by ERCOT. Per Protocol Section 16.11.6.1.4(1), ERCOT is offering these repossessed CRRs, in their existing configuration, in a one-time auction for sale to the highest bidder.
CRR Account Holders that want to submit a bid for the repossessed CRRs shall do so in the following manner:

*         Submit a single positive bid that represents the price the CRR Account Holder is willing to pay for the entire portfolio of available CRRs (not for individual CRRs).

*         The Authorized Representative of the CRR Account Holder must submit a positive bid to ERCOT via email by 17:00 CPT on Friday, February 10, 2017. Please send the email bid to the below addresses, with the subject of "CRR One-Time Auction Bid".

o   [log in to unmask]<mailto:[log in to unmask]>

o   [log in to unmask]<mailto:[log in to unmask]>

o   MP Registration ([log in to unmask]<mailto:[log in to unmask]>)

o   Mark Ruane ([log in to unmask]<mailto:[log in to unmask]>)

o   Juliana Morehead ([log in to unmask]<mailto:[log in to unmask]>)
It is the responsibility of bidders to ensure that sufficient Available Credit Limit (ACL) is available to cover their bids prior to the one-time auction.
The highest bidder that meets creditworthiness requirements will be awarded the entire CRR portfolio. The ERCOT Credit Department will confirm the winner of the auction by 12:00 CPT on Monday, February 13, 2017. Written notification will be sent to the winning CRR Account Holder, and payment for awarded CRRs will be due to ERCOT on February 16, 2017.
ADDITIONAL INFORMATION:  The available CRR portfolio is attached to this Market Notice.
CONTACT:  If you have any questions, please contact your ERCOT Account Manager. You may also call the general ERCOT Client Services phone number at (512) 248-3900 or contact ERCOT Client Services via email at [log in to unmask]<mailto:[log in to unmask]>.
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.




mm