NOTICE DATE:  September 10, 2010
NOTICE TYPE:  M-B091010-01 Legal Notification
SHORT DESCRIPTION:  Counter-Party registration of Authorized Representative and Backup Authorized Representative
INTENDED AUDIENCE:  All ERCOT Counter-Parties
DAY AFFECTED:  September 10, 2010

LONG DESCRIPTION:  ERCOT Protocol Section 16.11, Financial Security for Counter-Parties, requires that each Counter-Party have one designated Authorized Representative and Credit Contact that ERCOT will contact for credit purposes such as collateral calls, late payment notices and breach or default notices. At this time, ERCOT requires that each Counter-Party fill out the attached Notice of Change of Information (NCI) form to designate an Authorized Representative and also a Backup Authorized Representative. In addition, the Counter-Party may use this NCI to revise their User Security Administrator (USA) for managing digital certificates used to access the Counter-Party credit reports on the Market Information System (MIS).

ACTION REQUIRED:  Counter-Parties are to fill out the attached NCI form to designate their Authorized Representative and Backup Authorized Representative and return the form to ERCOT per the instructions included on the form.

To complete the NCI form, follow these steps:

1.    Enter Market Participant Account Name as registered on Standard Form Agreement

2.    Enter DUNS Number associated with Market Participant Account Name

3.    Check CP as Market Participant Type

4.    Check the appropriate boxes for the designations being made

5.    Enter Effective Date of Change

6.    Complete Authorized Representative or Officer Signature section

7.    On Attachment to NCI, Select appropriate Contact types and provide information for each (AR and Backup AR) - changes to USA and Backup USA Contacts are optional

ADDITIONAL INFORMATION:  A Counter-Party is the entity that represents the "Participant" on the ERCOT Standard Form Agreement and Credit Application with Market Participant roles of QSE and/or CRR Account Holders by the same Entity.
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.


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