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ERCOT Client Services <[log in to unmask]>
Tue, 25 Jan 2011 17:07:07 -0600
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NOTICE DATE:  January 25, 2011
NOTICE TYPE:  M-B012511-01 Legal Notification
SHORT DESCRIPTION:  Past due Counter-Party quarterly financial statements
INTENDED AUDIENCE:  Counter-Party financial personnel
DAY AFFECTED:  January 25, 2011

LONG DESCRIPTION:  ERCOT Nodal Protocol Section 16.11.5, Monitoring of a Counter-Party's Creditworthiness and Credit Exposure by ERCOT, requires each  Counter-Party to provide its own or its Guarantor's: (1) quarterly unaudited financial statements (semi-annually, if the Guarantor is foreign and rated by a rating agency acceptable to ERCOT) not later than sixty (60) days (ninety (90) days if the Guarantor is foreign and rated by a rating agency acceptable to ERCOT) after the close of the issuer's fiscal quarters; and (2) annual audited financial statements not later than 120 days after the close of the issuer's fiscal year.

For Counter-Parties/Guarantors whose fiscal quarter ended on September 30, 2010, the quarterly financial statements were due by November 29, 2010.

ACTION REQUIRED:  Counter-Parties or their Guarantor, whose quarterly financial statements for 2010 are due (or past due) should provide these statements to ERCOT as soon as possible to avoid any remedial action as authorized under the Standard Form Market Participant (MP) Agreement, the ERCOT Protocols and/or the Public Utility Regulatory Act (PURA).

Counter-Party or Guarantor's financial statements that are publicly available electronically need not be provided to ERCOT.

If statements were already provided, please disregard this Notice.

Please forward financial statements to [log in to unmask]<mailto:[log in to unmask]> or mail to:


7620 Metro Center Dr.

@Vanessa Spells

Austin, TX 78744

PHN: 512-225-7014.
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]>.
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