NOTICE DATE: July 21, 2021

NOTICE TYPE: W-B072121-01 Legal

SHORT DESCRIPTION: Order Requesting Briefing issued in PUC Docket No. 52322

INTENDED AUDIENCE:  All Market Participants 

DAYS AFFECTED: Briefing due by 3 p.m. on August 4, 2021

LONG DESCRIPTION: On July 21, 2021, the Public Utility Commission of Texas (Commission) issued an Order Requesting Briefing  (Order) in PUC Docket No. 52322, Application of the Electric Reliability Council of Texas, Inc. for a Debt Obligation Order to Finance Uplift Balances under PURA Chapter 39, Subchapter N, for an Order Initiating a Parallel Docket, and for a Good Cause Exception.  

The Order states in part as follows:

"[T]o assist the Commission in developing the required debt-financing mechanism, the Commission requests briefing on the following issues:

1. Does the phrase exposed to the costs included in the uplift contemplate offsetting the amounts paid in excess of the commission's system-wide offer cap by amounts received in excess of the commission's system-wide offer cap? If so, does this offset include amounts received by entities affiliated with the entity that made such payments?

2. What is the appropriate definition for entities affiliated with the entity that made such payments? If the entity that made such payments is part of a larger business structure, what is the highest level of the business structure (up to the ultimate parent of the larger business structure) that should be used to identify the affiliated entities whose amounts received should be used as an offset when determining the exposure of the entity that made such payment?

Any interested person may file a brief on these issue by 3:00 p.m. on Wednesday, August 4, 2021. No reply briefs may be submitted. Briefs must be limited to ten pages."

The Commission also directed ERCOT to provide notice of the Order to all Market Participants.  This Market Notice is being issued to comply with that directive. 

ACTION REQUIRED: Any interested party wishing to file a brief in response to the Commission's Order must do so by 3:00 p.m. on Wednesday, August 4, 2021.

ADDITIONAL INFORMATION:  All filings in PUC Docket No. 52322 can be found on the Commission website at this link.

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].

If you are receiving email from a public ERCOT distribution list that you no longer wish to receive, please follow this link in order to unsubscribe from this list: http://lists.ercot.com.

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