NOTICE DATE:  January 11, 2011                     

NOTICE TYPE:  M-A011011-02 CRR

SHORT DESCRIPTION:  Update on delayed posting of February 2011First Six Months CRR Auction results

INTENDED AUDIENCE:  CRR Account Holders

DAYS AFFECTED:  January 10, 2011, to current

LONG DESCRIPTION:  The posting of the February 2011First Six Months CRR Auction results continues to be delayed due to an unusually long run time for the auction clearing process. The exact posting date of the auction results is currently unknown, but ERCOT is targeting Monday, January 17, 2011. If available, the results will be posted earlier than this date.

The actual cause of the unusually long run time cannot be determined until the clearing completes; however, ERCOT suspects that the larger number of binding constraints in the auction is most likely causing the increased clearing time. ERCOT is investigating ways to reduce the clearing time.

A follow-up Market Notice will be sent when further information is available and/or when the results have been posted.

CONTACT:  If you have any questions, please contact either the CRR team by email at [log in to unmask] or 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].

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dh