NOTICE DATE: June 27, 2016

NOTICE TYPE: M-A052416-03 Settlements

SHORT DESCRIPTION: Notification of adjustments to December 2014 – April 2016 CRR Auction Revenue Distribution amounts

INTENDED AUDIENCE: CRR and QSE settlement personnel

DAY AFFECTED: June 27, 2016

LONG DESCRIPTION: Due to two disqualifying events, ERCOT has voided certain Pre-assigned Congestion Revenue Rights (PCRRs) which resulted in an increase of the December 2014 – April 2016 CRR Auction Revenue Distribution (CARD).

ERCOT has issued the CARD Final Invoices that contain the adjusted amounts for the month of April 2016. Further details about the bill determinants that were adjusted in the CARD Final Invoices are included in the table below:

Bill Determinant	CARD Initial Amount	CARD Final Amount
PCRRZREV_SOUTH	$405,118.82	$417,752.92
PCRROPTAMTZTOT_SOUTH	$405,118.82	$417,752.92

Total increase for the April 2016 CARD is $12,634.10. All other bill determinant values were unchanged and can be seen using the CARD Final extract.

ADDITIONAL INFORMATION: Invoice Recipient payments to ERCOT for the April 2016 CARD Final Invoice will be due on July 5, 2016. Payments from ERCOT to Invoice Recipients will be made on July 6, 2016.

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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