NOTICE DATE: May 28 , 2025

NOTICE TYPE: W-A052825-01 Settlements

SHORT DESCRIPTION: Notice of disbursement of disgorged funds relating to Mercuria Energy America, LLC's (Mercuria) enforcement proceeding

INTENDED AUDIENCE: Affected Qualified Scheduling Entities (QSEs)  

LONG DESCRIPTION: In Docket No. 56459, Settlement Agreement and Report to the Commission Regarding Mercuria Energy America, LLC's Alleged Violations of 16 Texas Administrative Code 25.503(e)(2) and ERCOT Nodal Protocols 4.4.4(17), Related to Ethical Standards of Market Participants, the Commission ordered the disgorgement of $82,994.52 in excess revenues from Mercuria (the "disgorged funds"). ERCOT is required to distribute the disgorged funds to affected wholesale Market Participants.

In Docket No. 56641, the Commission considered the appropriate methodology for ERCOT to utilize in distributing the disgorged funds. The Commission entered a final order describing the appropriate disbursement methodology which is available at the following link: https://interchange.puc.texas.gov/Documents/56641_16_1470956.PDF

ERCOT is distributing the disgorged funds on May 28, 2025 in accordance with the Commission's order through the issuance of Miscellaneous Invoices to all affected QSEs. Any disgorged funds received by affected wholesale Market Participants must be used to reduce costs or fees incurred by retail electric customers.

ACTION REQUIRED: Any wholesale Market Participant that is affiliated with Mercuria that receives disgorged funds described in this notice must distribute all the disgorged funds directly to its retail customers and must file in Docket No. 56641 a certification under oath to the Commission that all the funds were distributed to its retail customers. The certification must be filed within 30 days of receipt of the disgorged funds.

ADDITIONAL INFORMATION: The Miscellaneous Invoices (EMIL ID COMS-746-SG, Report ID 11100) are available on the Market Information System (MIS) Certified Area.

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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