NOTICE DATE: October 30, 2020
NOTICE TYPE: M-A103020-01 Financial/Credit
SHORT DESCRIPTION: Counter-Party quarterly unaudited financial statements due by November 30, 2020
INTENDED AUDIENCE: Counter-Party Financial Personnel
DAY AFFECTED: November 30, 2020
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.
ACTION REQUIRED: Counter-Parties/Guarantors whose third quarter ended on September 30, 2020 must submit quarterly unaudited financial statements to ERCOT by November 30, 2020.
Counter-Party/Guarantor financial statements that are publicly available electronically need not be provided to ERCOT.
Please submit financial statements to ERCOTcredit@ercot.com
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
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