NOTICE DATE:  June 13, 2008

NOTICE TYPE:  W-A061308-01 Settlements

CLASSIFICATION: Public

SHORT DESCRIPTION: Short Payment Notice

INTENDED AUDIENCE:  QSE Financial Personnel

DAY AFFECTED: Invoices due on June 12, 2008

LONG DESCRIPTION:  QSEs that are owed monies from ERCOT on invoices due on June 12, 2008 will notice that the amount of funds transferred is short of the balance due on the invoice. This is a notification that ERCOT will follow the "short payment" procedure stated in Protocol Section 9.4.4, Partial Payments, for payments being made to QSEs. Due to short payments by one or more QSEs shown below, ERCOT has insufficient funds to pay all amounts in full. The aggregate amount of the short payment is approximately $908,847.51. As described in the ERCOT 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. The reductions will be made based 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 insure revenue neutrality for ERCOT. 

 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].

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