Credit; Legal Notifications

Fri, Oct 30, 2020 10:11 AM

M-A103020-01 Counter-Party quarterly unaudited financial statements due by November 30, 2020


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

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.

 

dg/mm