NOTICE DATE: February 19, 2021
NOTICE TYPE: M-B021921-01 Financial/Credit
SHORT DESCRIPTION: Collateral Adjustments and Invoice Payments
INTENDED AUDIENCE: All Market Participants
DAYS AFFECTED: February 19, 2021 until further notice
LONG DESCRIPTION: In an attempt to protect the overall integrity of the ERCOT market by mitigating the disruption of defaults, ERCOT is using its available discretion under the Protocols to adjust collateral for Counter-Parties (CPs) on a case-by-case basis, dependent upon the CP’s activity in and risk to the market. ERCOT encourages CPs and their represented entities (e.g., Resource Entities; Load Serving Entities) to work through available financial or business transition options during this time.
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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