NOTICE DATE:  March 30, 2011

NOTICE TYPE:  M-C033011-01 CRR

SHORT DESCRIPTION:  Reminder, May 2011 First Six Months CRR Auction Credit Submission Closed

INTENDED AUDIENCE:  CRR Account Holders

DAYS AFFECTED:  March 30 - April 1, 2011
LONG DESCRIPTION:  Credit Submission for the May 2011 First Six Months CRR Auction closed at 17:00:00 CPT on March 29, 2011.

Per Section 7.5.2 (3) of the ERCOT Nodal Protocols, ERCOT will enforce a volume limitation of 10,000 market transactions (bids and offers) per account holder. The CRR Auction Bid window opened at 00:00:01 CPT on March 30, 2011, and closes at 17:00:00 CPT on April 1, 2011.

Per Section 7.5.2 (3)(c), if the total number of bids submitted for the auction exceeds 200,000, a second round of bid submission  will be required. CRR Account Holders will be notified via Operator Message. Account Holders whose bids and offers exceed the maximum number of allowable bids/offers determined for the second round will have their portfolios removed from the auction and will be required to resubmit a new portfolio with the total number of bids less than or equal to the second round bid limit. The current bid/offer limit for the second round of the May 2011 First Six Months CRR Auction is set at 1436. Note that this limit is subject to change prior to the running of the auction. The final maximum allowable bids/offers will be listed in the Operator Message should a second auction be necessary.

This second auction, if needed, will be open from 18:00:00 CPT on April 1, 2011, until 12:00:00 CPT on April 4, 2011.

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 email at [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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