Operations

Sun, Feb 14, 2021 01:19 PM

M-B021421 ERCOT is temporarily accepting financial guarantees in excess of $50 million


NOTICE DATE: February 14, 2021

NOTICE TYPE: M-B021421 Financial/Credit

SHORT DESCRIPTION: ERCOT is temporarily accepting financial guarantees in excess of $50 million

INTENDED AUDIENCE: All Counter-Parties

DAYS AFFECTED: February 14, 2021 to February 17, 2021

LONG DESCRIPTION: Protocol Section 16.11.3, Alternative Means of Satisfying ERCOT Creditworthiness Requirements, provides, in part, "Guarantees are subject to a limit of $50 million or guarantees per Counter-Party and an overall limit of $50 million per guarantor for all ERCOT Counter-Parties".

Because of liquidity constraints over the February 15, 2021 bank holiday, ERCOT will temporarily accept eligible guarantees in excess of $50 million until Wednesday, February 17, 2021. Other guarantee and Financial Security requirements are unchanged. 

CONTACT: If you have any questions, please send an email to ERCOTcredit@ercot.com or 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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