NOTICE DATE: May 13, 2022

NOTICE TYPE: M-B051322-01 - Financial / Credit

SHORT DESCRIPTION: Estimated Subchapter N Securitization Escrow Deposit Requirements

INTENDED AUDIENCE: ERCOT Counter-Parties - specifically Qualified Scheduling Entities (QSEs) representing obligated Load Serving Entities (LSEs)

DAYS AFFECTED: May 13, 2022

LONG DESCRIPTION: ERCOT is currently expecting to close on PURA Subchapter N Securitization financing in mid-June 2022. Upon closing, provisions of Protocol Section 27, Securitization Uplift Charges, will be applicable.

ERCOT highlights the following information regarding Securitization Uplift Charges:

Estimates of Securitization Uplift Charge Escrow Deposits

Initial Securitization Uplift Charge Escrow Deposits

Standard Form Letter of Credit to Satisfy Securitization Uplift Charge Credit Requirements

Securitization Uplift Charge Initial Invoices

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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