** Corrected Protocol reference ***
NOTICE DATE:
March 15, 2013
NOTICE TYPE:
M-A031513-02 Legal Notification
SHORT DESCRIPTION:
Counter-Party annual audited financial statements & Risk Certification due by April 30, 2013
INTENDED AUDIENCE:
Counter-Party Financial Personnel
DAY AFFECTED:
April 30, 2013
LONG DESCRIPTION:
ERCOT
Protocols Section 16.11.5 requires all Counter-Parties to provide their own or their Guarantor’s (1) quarterly unaudited financial statements (semi-annually, if the Guarantor
is foreign and rated by a rating agency acceptable to ERCOT) not later than sixty (60) days (ninety (90) days if the Guarantor is foreign and rated by a rating agency acceptable to ERCOT) after the close of each of the issuer’s fiscal quarters and (2) annual
audited financial statements not later than 120 days after the close of the issuer’s fiscal year.
ERCOT Protocols Section
16.16.2 (2) requires all Counter-Parties to submit to ERCOT annually a notarized certificate, signed by an officer or executive with authority to bind the Counter-Party, in the form of
Section 22, Attachment J, Annual Certification Form to Meet ERCOT Additional Minimum Participation Requirements.
Counter-Parties/Guarantors whose fiscal year ended on December 31, 2012, must submit annual audited financial statements and Risk Certification by
April 30, 2013.
ACTION REQUIRED: Counter-Parties
or their Guarantors whose annual audited financial statements for fiscal year 2012 are due (or past due) should provide these statements to ERCOT as soon as possible to avoid any remedial
action as authorized under the Standard Form Market Participant (MP) Agreement, the ERCOT Protocols and/or the Public Utility Regulatory Act (PURA).
Counter-Party’s or Guarantor’s financial statements that are publicly available electronically need not be provided to ERCOT.
Please forward financial statements to
[log in to unmask] or
ERCOT
7620 Metro Center Dr.
Attn: Vanessa Spells
Austin, TX 78744
PHN: 512-225-7014
Please forward the Annual Certification Form to:
[log in to unmask] with the original document sent to:
ERCOT
7620 Metro Center Dr.
Attn: Kevin Pearcy
Austin, TX 78744
PHN: 512-225-7029
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 the ERCOT Credit Team via email
at [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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