Credit; Legal Notifications

Tue, Jul 30, 2019 07:41 PM

M-A073019-01 Counter-Party quarterly unaudited financial statements due by August 29, 2019


NOTICE TYPE: M-A073019-01 Financial/Credit

SHORT DESCRIPTION: Counter-Party quarterly unaudited financial statements due by August 29, 2019

INTENDED AUDIENCE: Counter-Party Financial Personnel

DAY AFFECTED: August 29, 2019 

LONG DESCRIPTION: ERCOT Protocols Section 16.11.5(1) requires all Counter-Parties to provide their own or their Guarantor's: (1) quarterly unaudited financial statements (semi-annually, if the Guarantor is foreign and rated by a rating agency acceptable to ERCOT) not later than 60 days (90 days if the Guarantor is foreign and rated by a rating agency acceptable to ERCOT) after the close of the issuer's fiscal quarters; and (2) annual audited financial statements not later than 120 days after the close of the issuer's fiscal year. 

Counter-Parties/Guarantors whose second quarter ended on June 30, 2019 must submit quarterly unaudited financial statements by August 29, 2019. 

ACTION REQUIRED: Counter-Parties/Guarantors whose quarterly unaudited financial statements for second quarter 2019 are due (or past due) should provide these statements to ERCOT as soon as possible to avoid any remedial action as authorized under the ERCOT Protocols.

Counter-Party/Guarantor financial statements that are publicly available electronically need not be provided to ERGOT. 

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

ERCOT 

7620 Metro Center Dr. 

Austin, TX 78744

Attn: Vanessa Spells 

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 Client.Services@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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