legal_notifications

3/29/19 3:10 PM

M-B032919-01 Counter-Party annual audited financial statements and risk certification due by April 30, 2019


NOTICE DATE:  March 29, 2019

NOTICE TYPE:  M-B032919-01 Financial/Credit

SHORT DESCRIPTION:  Counter-Party annual audited financial statements and risk certification due by April 30, 2019

INTENDED AUDIENCE:  Counter-Party Financial and Risk Personnel

DAY AFFECTED:  April 30, 2019

LONG DESCRIPTION:  ERCOT Protocol Section 16.11.5(1) requires all Counter-Parties to provide their own or their Guarantor’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 (Certification Form). 

Counter-Parties/Guarantors whose fiscal year ended on December 31, 2018, must submit annual audited financial statements and the Certification Form by April 30, 2019.

ACTION REQUIRED:  To avoid ERCOT taking remedial action as authorized under the ERCOT Protocols, Counter-Parties/Guarantors whose fiscal year ended on December 31, 2018, should submit annual audited financial statements and the Certification Form by April 30, 2019.

Counter-Party’s or Guarantor’s financial statements that are publicly available electronically need not be provided to ERCOT

Please submit financial statements to ERCOTcredit@ercot.com or by mail to:

 

ERCOT

7620 Metro Center Dr.

Attn:  Credit Department

Austin, TX 78744

Phone: (512) 225-7014

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 ClientServices@ercot.com.

If you are receiving email from an ERCOT distribution list that you no longer wish to receive, please follow this link in order to unsubscribe from this list:  http://lists.ercot.com.

 

 

 

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