NOTICE
DATE: August
7, 2008
NOTICE
TYPE: M-A080708-01 TCR
CLASSIFICATION:
Public
SHORT
DESCRIPTION: Settlement adjustment for TCR
Account Holders for Operating Day June 16, 2008
INTENDED
AUDIENCE: TCR Account Holders and
Settlement Personnel
DAY
AFFECTED: Operating Day June 16,
2008
LONG
DESCRIPTION: ERCOT discovered that for the
Interval Ending 12:45 on June 16, 2008, an ERCOT system error incorrectly
calculated the shadow price for the binding CSC North-South at $0.00. The shadow
price should have been calculated to a value of
$24.99.
The
Settlement adjustment for Operating Day June 16, 2008 for the North-South CSC
Shadow Price from $0.00 to $24.99 was determined after ERCOT posted the June 16
Initial Settlement Statements, impacting TCR credit payments. The aggregate amount of the short payment
is $4,568.99. TCR Account Holders
shorted as a result of the situation will be credited funds on August 22, 2008.
ADDITIONAL INFORMATION: The credited funds on August 22, 2008 will
be reflected on a special invoice sent via email to the appropriate TCR
Administrator/Contact by end of
business tomorrow. The funds will be included in the same funds transfer when
ERCOT wires the credit payments for the weekly TCR credit payment invoices for
July 25 to 31, 2008.
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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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.