NOTICE DATE: October 09, 2025

NOTICE TYPE: W-A100925-01 Settlements

SHORT DESCRIPTION: Notice of disbursement of disgorged funds relating to Tenaska Power Services Co.'s (Tenaska) enforcement proceeding.

INTENDED AUDIENCE: Affected Qualified Scheduling Entities (QSEs)

LONG DESCRIPTION: In Docket No . 57437, Settlement Agreement Relating to Tenaska Power Services Co.'s Alleged Violations of 16 TAC 25.503(e) and (f), and ERCOT Nodal Protocols 3.9.1(2), 6.4.6(1), 6.5.5.2(3), 6.5.7.5(2), 6.5.7.9, and 8.1.1.1, the Commission ordered the disgorgement of $28,235,227.28 in excess revenues from Tenaska (the "disgorged funds"). ERCOT is required to distribute the disgorged funds to affected wholesale Market Participants.

In Docket No. 57437, the Commission considered the appropriate methodology for ERCOT to utilize in distributing the disgorged funds. The Commission determined that it is appropriate for ERCOT to distribute the disgorged funds using the method approved in Docket No. 54985. The Commission entered a final order describing the appropriate disbursement methodology which is available at the following PDF link: https://interchange.puc.texas.gov/Documents/57437_12_1510180.PDF 

ERCOT is distributing the disgorged funds on October 10, 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 Tenaska 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. 57722 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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