NOTICE DATE:  November 11, 2011

NOTICE TYPE:  W-A111111-01 Financial/Credit

SHORT DESCRIPTION:  Credit exposure calculations and reports reflecting awarded CRRs for Year 1 of the 2012-2013 Annual CRR Auction

INTENDED AUDIENCE:  Counter-Parties, CRRAHs   

DAY AFFECTED:  November 12, 2011

LONG DESCRIPTION:  The Congestion Revenue Right (CRR) credit lock for Year 1 of the 2012-2013 Annual CRR Auction will be released on Saturday, November 12, 2011.

The credit exposure calculations and reports that will be published on November 12, 2011, will reflect the following:

a)    Future Credit Exposure (FCE) component will reflect the awarded 2012 CRRs

b)    Outstanding Transactions (OUT) will reflect an increase by an estimated Invoice amount for the Year 1 (2012) CRRs

c)    The Available Credit Limits (ACLs) will reflect the release of the credit lock for Year 1 (2012)

CONTACT:  If you have any questions, please contact Vanessa Spells at [log in to unmask], (512) 225-7014 or Rizaldy Zapanta at [log in to unmask], (512) 225-7015. Additional questions can be directed to your assigned ERCOT Account Manager, [log in to unmask] or (512) 248-3900. 

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