NOTICE DATE: December 8, 2021

NOTICE TYPE:  W-B120821-01 Legal

SHORT DESCRIPTION: Filing in Public Utility Commission of Texas (PUC) Docket No. 52364 Regarding Total Exposure for Load Serving Entities (LSEs)  

INTENDED AUDIENCE: All Market Participants

DAYS AFFECTED: December 22, 2021

LONG DESCRIPTION: On December 7, 2021, ERCOT filed ERCOT’s Calculation of Load Ratio Share and Total Exposure for Load Serving Entities in PUC Docket No. 52364, Proceeding for Eligible Entities to File an Opt Out Pursuant to PURA 39.653(d) and for Load-Serving Entities to File Documentation of Exposure to Costs Pursuant to the Debt Obligation Order In Docket No. 52322.  ERCOT's filing can be found at this link. 

ERCOT’s filing includes calculations performed by ERCOT as required by the Debt Obligation Order (DOO) entered in PUC Docket No. 52322, Application of the Electric Reliability Council of Texas, Inc. for a Debt Obligation Order to Finance Uplift Balances under PURA Chapter 39, Subchapter N, and for a Good Cause Exception. More specifically, the filing includes the following information, in accordance with the allocation methodology in Attachment C of the Unopposed Partial Stipulation and Settlement Agreement approved by the DOO: (1) market-wide aggregated interval meter data for each Retail Electric Provider (REP) for the Period of Emergency, adjusted for transmission losses and unaccounted-for-energy; (2) for each eligible LSE, the calculation of each LSE’s Load Ratio Share (LRS), total exposure, and total exposure adjusted for transmission voltage customer (TVC) opt-outs, in accordance with the methodology in Attachment C of the Unopposed Partial Stipulation and Settlement Agreement approved by the DOO; and (3) the calculation of the proceeds allocated to each eligible LSE, using the steps set forth in the methodology in Attachment C of the Unopposed Partial Stipulation and Settlement Agreement.  Additional information regarding the calculations performed by ERCOT is available at this link.

Pursuant to the terms of the DOO, each LSE with an exposure amount listed in ERCOT’s filing must make its own filing in PUC Docket No. 52364 to verify the LSE’s exposure amount.  LSEs must file a verification of their exposure amount in PUC Docket No. 52364 on or before December 22, 2021. 

ACTION REQUIRED:  LSEs with a calculated total exposure amount listed in ERCOT’s filing are required to file a verification of their exposure amount in PUC Docket No. 52364 on or before December 22, 2021.

ADDITIONAL INFORMATION:  Information regarding PUC Docket No. 52364 can be found at this link. Additional information regarding securitization can be found at this page on the ERCOT website.

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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