NOTICE DATE: April 1, 2024
NOTICE TYPE: M-A040124-01 Financial/Credit
SHORT DESCRIPTION: Counter-Party Annual Audited Financial Statements and Risk Certification due April 30, 2024
INTENDED AUDIENCE: Counter-Party Financial and Risk Personnel
DAY AFFECTED: April 30, 2024
LONG DESCRIPTION: ERCOT Protocol Section 16.11.5(1) requires all Counter-Parties to provide ERCOT with their own or their Ultimate Parent’s annual audited financial statements not later than 120 days after the close of the issuer’s fiscal year.
In addition, ERCOT Protocol Section 16.16.2(2) requires all Counter-Parties to annually submit to ERCOT a notarized Risk Certification signed by an officer or executive with authority to bind the Counter-Party in the form of Section 22, Attachment J, Annual Certification Form to Meet ERCOT Additional Minimum Participation Requirements (Risk Certification).
ACTION REQUIRED: Counter-Parties/Ultimate Parent whose fiscal year ended on December 31, 2023 must submit annual audited financial statements and the Risk Certification to ERCOT by April 30, 2024.
Counter-Party or Ultimate Parent financial statements that are publicly available electronically need not be provided to ERCOT.
Please submit financial statements to [log in to unmask].
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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