NOTICE DATE: October 30, 2015
NOTICE TYPE: M-A103015-01 Financial/Credit
SHORT DESCRIPTION: Counter-Party quarterly financial statements due by November 30, 2015.
INTENDED AUDIENCE: Counter-Party Financial Personnel
DAY AFFECTED: October 30, 2015
LONG DESCRIPTION: ERCOT Protocols Section 16.11.5(1) 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.
Counter-Parties/Guarantors whose third quarter ended on September 30, 2015, must submit quarterly unaudited financial statements by November 30, 2015.
ACTION REQUIRED: Counter-Parties/Guarantors whose quarterly unaudited financial statements for third quarter 2015 are due (or past due) should provide these statements to ERCOT as soon as possible to avoid any remedial action as authorized under the ERCOT Protocols.
Counter-Party/Guarantor financial statements that are publicly available electronically need not be provided to ERCOT.
Please submit financial statements to [log in to unmask] or by mail to:
7620 Metro Center Dr.
Austin, TX 78744
Attn: Vanessa Spells
Phone: (512) 225-7014
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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