NOTICE DATE:  August 16, 2022

NOTICE TYPE:  M-A080522-04 Settlements 

SHORT DESCRIPTION:  Short Payments for Failure to Make Invoice Payments

INTENDED AUDIENCE: QSE and CRRAH Settlement Personnel

DAY AFFECTED:  Settlement Invoices due for payout on August 16, 2022

LONG DESCRIPTION:  Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Settlement Invoices due for payout on August 16, 2022 will notice that the amount of funds transferred is short of the balance payable on the Settlement Invoices.

ERCOT initiates the short payment procedure when a Market Participant fails to make a complete payment for Settlement Invoices. Due to ongoing activities in the Brazos Electric Power Co-op Inc. (Brazos) bankruptcy proceeding, ERCOT does not expect to receive payment at this time for Settlement Invoices that were due on August 15, 2022 in the amount of $44,204.17 from Brazos.  This amount is associated with the Real-Time Market Resettlement for Operating Day February 18, 2021 due to the Resolution of Alternative Dispute Resolution (ADR) No. 2021-TPS-05.  Previously, ERCOT provided notice of this Resettlement in Market Notices M-A080522-01, M-A080522-02, and M-A080522-03.

In accordance with ERCOT Protocol Section 9.19, ERCOT will draw from available Financial Security provided by short-paying Market Participants. Funds received from Financial Security will be allocated to short paid Invoice Recipients as soon as possible. Furthermore, ERCOT will deduct any applicable ERCOT Administrative fees, payments for Reliability-Must-Run (RMR) services, and the CRR Balancing Account from the amount received, and then reduce payments to all Invoice Recipients owed monies. The reductions will be made on a pro-rata basis of monies owed to each ERCOT creditor to the extent necessary to clear ERCOT's accounts on the payment date to ensure revenue neutrality for ERCOT.

Invoice Date:  

August 11, 2022

Invoice Payout Date:  

August 16, 2022

Operating Dates:

DAM 08/09/2022

 

RTM Initial 08/06/2022 

 

RTM Final 06/17/2022 

RTM Trueup 02/12/2022 

RTM Resettlement 02/18/2021 

Total Amount Short to Market:    

$44,204.17

Total Amount Paid Out to Market:

$46,488,396.77 

 

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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dg


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