NOTICE DATE:  January 10, 2017
NOTICE TYPE:  M-A011017-01 Settlements
SHORT DESCRIPTION:  Delay in payment to Invoice Recipients for CRR Auction Revenue Distribution Final Invoices
INTENDED AUDIENCE:  QSE settlement personnel
DAY AFFECTED:  January 9, 2017
LONG DESCRIPTION:  Per Protocol Section 9.11.2, ERCOT payment to Invoice Recipients for CRR Auction Revenue Distribution (CARD) Invoices with funds owed to an Invoice Recipient must be paid by ERCOT to the Invoice Recipient by 17:00 on the next day that is both a Business Day and a Bank Business Day after the day that payments are due for that CARD Invoice under Section 9.11.1, Invoice Recipient Payment to ERCOT for CRR Auction Revenue Distribution, subject to ERCOT's right to withhold payments under Section 16 and pursuant to common law.
Due to a delay in Invoice payout processing, on January 9, 2017, 26 out of a total of 63 outgoing wires for the December 2016 CARD Final Invoices were not completed until after 17:00 on January 9, 2017.  The remaining 37 payments were completed on the morning of January 10, 2017. ERCOT has verified that the payments to the impacted Invoice Recipients were all processed by 0800 CPT on January 10, 2017. The payment delay did not impact the credit exposure calculation.
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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