NOTICE DATE: August 31, 2012 NOTICE TYPE: W-D083112-01 Settlements SHORT DESCRIPTION: Short payment due to the non-payment of PSEG ENERGY RESOURCES AND TRADE LLC INTENDED AUDIENCE: QSE and CRRAH settlement personnel DAY AFFECTED: RTM Invoices due for payout through Default Uplift Invoices on August 31, 2012 LONG DESCRIPTION: Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Real-Time Market (RTM) Invoices through the Default Uplift Invoices due for payout on August 31, 2012, will notice that the amount of funds transferred is short of the balance due on the RTM Invoice. ERCOT sends this Market Notice to indicate that it will follow the "short payment" procedure stated in Protocol Section 9.19, Partial Payments by Invoice Recipients, for payments being made to QSEs and CRRAHs. Due to the non-payment of PSEG ENERGY RESOURCES AND TRADE LLC of the Default Uplift Invoice that was due on August 30, 2012, ERCOT has insufficient funds to pay all amounts in full. The short paid amount of $109.91 is from the Default Uplift Invoices issued on August 23, 2012. As described in the Protocols, ERCOT will reduce payments to all Invoice recipients that are owed monies. The reductions will be made on a pro rata basis of monies owed to each ERCOT creditor for this Invoice to the extent necessary to clear ERCOT's accounts on the payment date to ensure revenue neutrality for ERCOT. Invoice Payout Date: August 31, 2012 Total Amount Short to Market: $109.91 Total Amount Paid Out to Market: $8,130.44 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<http://lists.ercot.com/>. dh