NOTICE DATE:  July 3, 2013

NOTICE TYPE:  W-B070313-01 Settlements

SHORT DESCRIPTION:  Short payment due to the late payment from PSEG Energy Resources and Trade LLC, late payment from Milagro Power Company (QSE), and default of Abacus Resources Energy LLC (QSE)

INTENDED AUDIENCE:  QSE and CRRAH settlement personnel

DAY AFFECTED:  Settlement Invoices due for payout on July 3, 2013

LONG DESCRIPTION:  Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Settlement Invoices due for payout on July 3, 2013, will notice that the amount of funds transferred is short of the balance due on the Settlement Invoice. ERCOT sends this 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 late payment from PSEG Energy Resources and Trade LLC, late payment from Milagro Power Company (QSE), and previous default of Abacus Resources Energy LLC (QSE), ERCOT has insufficient funds to pay all amounts in full. The total amount of the short payment is $127,391.25.

Invoice Payout Date:  July 3rd, 2013

Operating Dates:

DAM  06/26/2013

RTM Initial  06/20/2013

RTM Final  04/30/2013

RTM Trueup  12/30/2012

RTM Resettlement 02/02/2011

RTM Resettlement 02/03/2011

Short due to Defaulted Abacus Resources Energy LLC (QSE)

$6,936.75

Short due to late payment of Milagro Power Company (QSE)

$862.09

Short due to late payment of PSEG Energy Resources and Trade LLC (GUADALUPE) (SQ1)

$119,592.41

Total Amount Short to Market:

$127,391.25

Total Amount Paid Out to Market:

$12,076,992.36



As described in the Protocols, ERCOT will deduct any applicable administrative fees, payments for Reliability-Must-Run (RMR) services, amounts calculated for Congestion Revenue Right (CRR) shortfall charges and CRR Balancing Account from the amount received, and then 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.



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]>.







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