NOTICE DATE:  December 30, 2010
NOTICE TYPE:  M-A123010-01 Settlements
SHORT DESCRIPTION:  Zonal Invoices posted with incorrect payment dates
INTENDED AUDIENCE:  QSE Settlement Personnel
DAY AFFECTED:  Invoices posted on December 30, 2010
LONG DESCRIPTION:  The Zonal Invoices posted on December 30, 2010, incorrectly state that payments to ERCOT are due on Friday, January 7, 2011, and payments to Invoice recipients will be made on Monday, January 10, 2011. The correct date for payments to ERCOT should be Thursday, January 6, 2011, and payments to Invoice recipients will be on Friday, January 7, 2011.

Per Section 9.3 in the Zonal protocols "The payment date will be five (5) Bank Business Days after the Settlement Invoice date. If the payment date does not fall on a Business Day, the Invoice will become due on the next Business Day."

When determining the due date, ERCOT incorrectly considered that while December 31, 2010, is a company holiday, it is still a Bank Business Day.

Note that ERCOT will not be reposting Invoices with corrected dates.
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.




dh