NOTICE
DATE: June 20,
2008
NOTICE
TYPE: W-A062008-01 Legal
CLASSIFICATION:
Public
SHORT
DESCRIPTION: Market Participant
Default
INTENDED
AUDIENCE: QSE Financial
Personnel
DAY
AFFECTED: June 20, 2008
LONG
DESCRIPTION: Leach Energy Trading, LLC (Leach Energy), a
Qualified Scheduling Entity (QSE) in the ERCOT Region, defaulted under its
Agreement with Electric Reliability Council of Texas, Inc. on June 3,
2008.
Leach Energy has failed to
pay Settlement Invoice(s) and therefore ERCOT will follow the “short payment”
procedure stated in Protocol Section 9.4.4, Partial Payments. ERCOT will send a separate Short Payment
Notice indicating the “Invoice Number” and “Amount Short Paid” by Leach
Energy.
Please note that there was no Mass Transition associated
with this Market Participant default.
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
e-mail at [log in to unmask].
ERCOT’s Legal Department is
also available should your entity’s legal department have any specific
questions. You may reach Chad V. Seely ([log in to unmask]) at (512) 225 –
7035.
If you
are receiving e-mail 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.
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