NOTICE DATE:  July 30, 2012
NOTICE TYPE:  W-B073012-01 Settlements
SHORT DESCRIPTION:  Short payment due to the default of TexRep1 LLC DBA EPCOT Electric
INTENDED AUDIENCE:  QSE and CRRAH settlement personnel
DAY AFFECTED:  DAM Invoices due for payout on July 30, 2012
LONG DESCRIPTION:  Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Day-Ahead Market (DAM) Invoices due for payout on July 30, 2012, will notice that the amount of funds transferred is short of the balance due on the DAM Invoice. ERCOT sends this Notice to indicate that it will follow the "short payment" procedure stated in Protocol Section 9.19, Partial Payments by Invoice Recipients, for payments being made to QSEs and CRRAHs.
Due to the default of TexRep1 LLC DBA EPCOT Electric (EPCOT), ERCOT has insufficient funds to pay all amounts in full. The total amount of the short payment is $258.38. As described in the Protocols, ERCOT will deduct any applicable DAM administrative fees, payments for Reliability-Must-Run (RMR) services, and CRR Balancing Account from the amount received, and then will reduce payments to all Invoice recipients that are owed monies, except for monies owed for RMR services. The reductions will be made on a pro rata basis of monies owed to each ERCOT creditor for this Invoice to the extent necessary to clear ERCOT's accounts on the payment date to ensure revenue neutrality for ERCOT.
Invoice Payout Date:  July 30, 2012

Operating Date:

July 20, 2012

Total Amount Short to Market:

$258.38

Total Amount Paid Out to Market:

$5,927,810.89


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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