NOTICE DATE: May 1, 2014           

NOTICE TYPE:  M-B050114-01 Financial/Credit

SHORT DESCRIPTION:  Revision to M2 Credit Parameter

INTENDED AUDIENCE:  Counter-Parties

DAY AFFECTED:  May 1, 2014

LONG DESCRIPTION:  Protocol Section 16.11.4.1, Determination of Total Potential Exposure for a Counter-Party, defines the Multiplier for  Unbilled Real Time Amount (URTA) which provides for unbilled historical activity based on historical activity.  It also provides that the multiplier will be recommended by TAC and approved by the ERCOT Board. 

The current multiplier for URTA, M2, is 10 days. To reflect reduction in the Real Time Market (RTM) Settlement timeline resulting from the implementation of NPRR570, Reduce RTM Settlement Timeline to Operating Day Plus five, the ERCOT Board approved reducing the Multiplier for URTA, M2, from 10 to 9 days effective May 1, 2014.

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].

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