NOTICE DATE: May 7, 2024

NOTICE TYPE: M-C50724-01 Financial/Credit

SHORT DESCRIPTION: Treasury Management System Operational Error

INTENDED AUDIENCE: All Market Participants 

DAYS AFFECTED: May 7, 2024 

LONG DESCRIPTION: Due to an operational error in the Treasury Management System, ERCOT has inadvertently paid outstanding invoices, which were due tomorrow May 8, 2024, from cash collateral held at ERCOT. For Counter-Parties with outstanding unpaid invoices, this resulted in the reduction of the cash collateral balances of those Counter-Parties by the invoice amounts associated with those Counter-Parties. ERCOT has corrected this error and the ACL Summary reports will reflect the reversal entries to correct this error. The affected Counter-Parties who received email notifications that invoices were paid from collateral/escrow earlier in the today should disregard these notifications. ERCOT will also reach out individually to all affected Counter-Parties today.

ACTION REQUIRED: Counter-Parties should review their ACL Summary credit reports published on MIS. 

CONTACT: If you have any questions, please contact [log in to unmask]. 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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