NOTICE DATE: February 9, 2022
NOTICE TYPE: M-A020922-01 Settlements
SHORT DESCRIPTION: Notification of Miscellaneous Invoices for Securitization PURA Subchapter M Default Charges
INTENDED AUDIENCE: Market Participants
DAYS AFFECTED: February 9 and 16, 2022
LONG DESCRIPTION: ERCOT has posted miscellaneous Invoices for Securitization Default Charges. Payments for the miscellaneous Invoices are due by 1700 Central Prevailing Time (CPT) on February 16, 2022. The Securitization Default Charge Invoice amounts were computed using Maximum MWh Activity for Final settlement data for the month of November 2021, and the Total Securitization Default Charge Monthly Amount (TSDCMA) is $3,713,235.00.
Per Protocol Section 26.3.1.1, miscellaneous Invoices for Securitization Default Charges are distinct from other Invoices issued by ERCOT and must be paid into the Subchapter M Invoice account ending in xxxxx6916 listed on the Securitization Default Charge miscellaneous Invoice. Per Protocol section 26.3.1.1(4), failure of a Market Participant to remit payment for a Securitization Default Charge miscellaneous Invoice to the correct bank account by the Invoice due date and time may result in a Payment Breach.
The bank account information for Securitization Default Charge payments is as follows:
Subchapter M Invoice
Bank Name: JPMorgan Chase
Wire Routing Number: 021000021
Account Name: ERCOT SUBM
Account Number: xxxxx6916
ADDITIONAL INFORMATION: Information regarding the banking instructions applicable to Securitization Default Charges is located in the MIS Secure Area under the "Requested Information" folder.
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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