NOTICE DATE: March 17, 2023
NOTICE TYPE: M-A031523-03 Settlements/Financial/Credit
SHORT DESCRIPTION: Notification of Miscellaneous Invoices for Interest Payments on Securitization Uplift Charge Escrow Deposits
INTENDED AUDIENCE: Counter-Parties
DAYS AFFECTED: March 17-20, 2023
LONG DESCRIPTION: In accordance with Protocol Section 27.5.3(1)(d), Means of Satisfying Securitization Uplift Charge Initial Invoice Credit Requirements, ERCOT has issued Miscellaneous Invoices containing interest accrued on Escrow Deposits for the year 2022 for Counter-Parties (CPs) with Securitization Uplift Charge Escrow deposits posted with ERCOT.
Per Servicing Agreement Subchapter N, ERCOT will distribute the interest on March 20, 2023, in the following manner:
ERCOT will report interest payments on IRS Form 1099.
ERCOT invests Cash Escrow in accordance with the Texas Electric Market Stabilization Funding N LLC Trust Indenture.
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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