NOTICE DATE:  March 16, 2023

NOTICE TYPE:  M-A031523-02 Settlements/Financial/Credit

SHORT DESCRIPTION:  Notification of Miscellaneous Invoices for Interest Payments on Securitization Default Charge Escrow Deposits


DAYS AFFECTED:  March 16-17, 2023

LONG DESCRIPTION:  In accordance with Protocol Section 26.5.3(1)(d), Means of Satisfying Securitization Default Charge Credit Requirements, ERCOT has issued Miscellaneous Invoices containing interest accrued on Escrow Deposits for the year 2022 for Counter-Parties (CPs) with Securitization Default Charge Escrow deposit posted with ERCOT.

Per the Default Property Servicing Agreement by and between ERCOT and Texas Electric Market Stabilization Funding M LLC, ERCOT will distribute the interest on March 17, 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 M 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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