NOTICE DATE:  February 2, 2011
NOTICE TYPE:  W-D020211-01 Financial/Credit
SHORT DESCRIPTION:  Day-Ahead Market (DAM) "e1" factor adjustment
INTENDED AUDIENCE:  Market Participants who participate in ERCOT DAM
DAYS AFFECTED:  DAM runs on February 3 and 4, 2011

LONG DESCRIPTION:  ERCOT has adjusted, for all Counter-Parties (CPs), the "e1" factor used to determine exposure for bids in the DAM. The revised "e1" will be set at 70% of the current "e1." The adjusted "e1" will be used for the DAM runs on February 3 and 4, 2011. "e1" factors will revert to the February 2, 2011, version on February 5, 2011.

Each CP will receive an email notice with the revised "e1" that will be used. Each CP will also receive an email when "e1" reverts back to the current level.

ERCOT will continue to monitor credit exposure over the next few days and may take additional actions to adjust Total Potential Exposure (TPE) and/or DAM parameters as needed.

CONTACT:  If you have any questions, please contact Vanessa Spells at [log in to unmask]<mailto:[log in to unmask]>, (512) 225 7014, or Rizaldy Zapanta at [log in to unmask]<mailto:[log in to unmask]>, (512) 225-7015. You may also send credit inquiries to [log in to unmask]<mailto:[log in to unmask]>.
If you are receiving email 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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