NOTICE DATE:  February 28, 2011
NOTICE TYPE:  W-A022811-01 Settlements
SHORT DESCRIPTION:  Short payment due to the default of ABACUS RESOURCES ENERGY LLC
INTENDED AUDIENCE:  QSE and CRRAH Settlement Personnel
DAY AFFECTED:  Invoices due for payout on February 28, 2011
LONG DESCRIPTION:  Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Invoices due for payout on February 28, 2011, will notice that the amount of funds transferred is short of the balance due on the 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 short payment by ABACUS RESOURCES ENERGY LLC, ERCOT has insufficient funds to pay all amounts in full. The amount of the short payment is $540,723.49. As described in the Protocols, ERCOT will deduct ERCOT Administrative fees, and payments for Reliability-Must-Run (RMR) services from the amount received, and then reduce payments to all Invoice recipients that are owed monies, except for monies owed for RMR services. To facilitate revenue neutrality in the Balancing Account closure process for Monthly Refunds to Short-Paid Day-Ahead CRR Owners, the funds available for payout of this Real-Time Market (RTM) Invoice were further reduced by the amounts calculated for the Real-Time CRR Shortfall Charges. 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:     February 28, 2011

Total Amount Short to Market:

$540,723.49

Total Amount Paid Out to Market:

$204,805,739.91


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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