NOTICE DATE: November 9, 2022

NOTICE TYPE: M-A110922-01 Legal and General

SHORT DESCRIPTION: Notice of Public Utility Commission of Texas (PUC) Docket No. 54297, Petition to Direct Disbursement of PURA Chapter 39, Subchapter N Proceeds Designated for Iberdrola Solutions LLC

INTENDED AUDIENCE: All Market Participants

DAYS AFFECTED: November 9, 2022

LONG DESCRIPTION: Staff of the PUC (PUC Staff) has filed a petition in PUC Docket No. 54297, Petition to Direct Disbursement of PURA Chapter 39, Subchapter N Proceeds Designated for Iberdrola Solutions LLC. In its petition, PUC Staff seeks a PUC order directing ERCOT to disburse to all parties with valid claims the proceeds from the transaction under subchapter N of chapter 39 of the Public Utility Regulatory Act (PURA)[1] that are designated for Iberdrola Solutions LLC. To effectuate this requested relief, all interested parties must establish in this proceeding their claims to such proceeds. Upon resolution of all such claims, PUC Staff will request an order directing ERCOT to distribute the proceeds under such terms as may be ordered by the PUC. PUC Staff further recommends that any unclaimed funds be used by ERCOT to reduce the amount of Securitization Uplift Charges that will be paid by wholesale market participants.

The presiding Administrative Law Judge has set a deadline of November 29, 2022 for all interested parties to file Motions to Intervene in the PUC proceeding and respond to the petition.

ERCOT issues this Market Notice to all Market Participants, consistent with the requirement in Order No. 1 that ERCOT provide a Market Notice regarding this PUC proceeding.

[1] Tex. Util. Code Ann. §§ 11.001-66.016 (PURA).

ADDITIONAL INFORMATION: Additional information regarding this PUC proceeding, including PUC Staff's petition, can be found on the PUC 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].

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