NOTICE DATE:  February 23, 2010
NOTICE TYPE:  M-A022310-01 Legal
SHORT DESCRIPTION:  Qualified Scheduling Entities (QSEs) Financial Statements are due by April 30, 2010
INTENDED AUDIENCE:  QSE Financial Personnel
DAY AFFECTED:  April 30, 2010

LONG DESCRIPTION:  ERCOT Protocol Section 16.2.8 requires all QSEs to provide  their own or their 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 QSEs/Guarantors whose fiscal year ended on December 31, 2009, the annual audited financial statements are due by April 30, 2010.

ACTION REQUIRED:  QSEs or their Guarantor, whose annual financial statements for 2009 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).

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

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

ERCOT

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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dh