COMS/Settlements/Credit

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COMS/Settlements/Credit

Weekly Update

July 2, 2010


Antitrust Admonition

ANTITRUST ADMONITION

ERCOT strictly prohibits Market Participants and their employees who are participating in ERCOT activities from using their participation in ERCOT activities as a forum for engaging in practices or communications that violate the antitrust laws. The ERCOT Board has approved guidelines for members of ERCOT Committees, Subcommittees and Working Groups to be reviewed and followed by each Market Participant attending ERCOT meetings. If you have not received a copy of these Guidelines, copies are available at the Client Relations desk. Please remember your ongoing obligation to comply with all applicable laws, including the antitrust laws.

DISCLAIMER

All presentations and materials submitted by Market Participants or any other Entity to ERCOT staff for this meeting are received and posted with the acknowledgement that the information will be considered public in accordance with the ERCOT Websites Content Management Operating Procedure.


Agenda

• Anti-trust Admonition

• Standing Reports and Updates– Operating Day Settlement Reports– Week in Review/General Reminders– Next Week’s Activities

• Environment Report– Known Issues

• Credit

• Question and Answers / General Discussion

ERCOT asks that Market Participants log into the WebEx session using their company name and then their name. This will allow ERCOT to take roll-call offline


DAM Settlement Overview for June 24

Statement and Invoice Overview• 171 Statements/Invoices posted to QSEs• 53 Statements/Invoices posted to CRRAHs• 0 QSEs received Statements/Invoices for $0

(Not due to earlier closed issue)CRR Overview• CRRs were derated• CRR Owners were fully funded (i.e. there

were no Short Fall Charges)General Reminders/Updates• Submit any questions/issues about

statements, invoices, extracts or calculations to [email protected]

Day Ahead Energy Sales -$28,138,022.94Day Ahead Energy Purchases $28,931,033.68PTP Obligation Bought in the DAM $79,226.04Day Ahead Congestion Rent $811,354.96

Day Ahead Make Whole Payments -$13,005.74Day Ahead Make Whole Charge $13,005.74

Non-Spin Reserve Payment -$210,526.18Non-Spin Service Charge $210,525.99Regulation Down Payment -$118,983.89Regulation Down Charge $118,983.79Responsive Reserve Payment -$852,856.85Responsive Reserve Charge $852,856.96Regulation Up Payment -$396,961.20Regulation Up Charge $396,961.13

Day Ahead Obligation -$9,787.02Day Ahead Obligation with Refunds $0.00Day Ahead Option -$451,036.93Day Ahead Option with Refunds -$380.43Short Fall Charges to CRR Owners $0.00Balancing Account Credit $350,150.58

Day Ahead Ancillary Services

Day Ahead CRR

Operating Date 06/24/2010 DAM Settlement Totals

Day Ahead Energy

Day Ahead Make Whole



Statement and Invoice Overview• 171 Statements/Invoices posted to QSEs• 54 Statements/Invoices posted to CRRAHs• 0 QSEs received Statements/Invoices forCRR Overview• CRRs were not derated• CRR Owners were fully funded (i.e. there



Day Ahead Energy Sales -$21,081,281.43Day Ahead Energy Purchases $21,558,491.10PTP Obligation Bought in the DAM $169,797.77Day Ahead Congestion Rent $595,913.08



Day Ahead Obligation $48,640.34Day Ahead Obligation with Refunds $0.00Day Ahead Option -$224,165.54Day Ahead Option with Refunds -$735.63Short Fall Charges to CRR Owners $0.00Balancing Account Credit $419,652.25


Day Ahead CRR


Day Ahead Energy




Statement and Invoice Overview• 169 Statements/Invoices posted to QSEs• 42 Statements/Invoices posted to CRRAHs• 0 QSEs received Statements/Invoices forCRR Overview• CRRs were derated• CRR Owners were fully funded (i.e. there



Day Ahead Energy Sales -$20,120,792.25Day Ahead Energy Purchases $20,632,195.49PTP Obligation Bought in the DAM -$111,292.07Day Ahead Congestion Rent $384,742.97



Day Ahead Obligation $6,835.54Day Ahead Obligation with Refunds $0.00Day Ahead Option -$158,153.64Day Ahead Option with Refunds -$417.28Short Fall Charges to CRR Owners $1,730.25Balancing Account Credit $236,704.32


Day Ahead CRR


Day Ahead Energy




Statement and Invoice Overview• 179 Statements/Invoices posted to QSEs• 54 Statements/Invoices posted to CRRAHs• 0 QSEs received Statements/Invoices forCRR Overview• CRRs were not derated• CRR Owners were fully funded (i.e. there



Day Ahead Energy Sales -$21,751,718.39Day Ahead Energy Purchases $22,607,282.23PTP Obligation Bought in the DAM $190,242.19Day Ahead Congestion Rent $1,000,240.54


Non-Spin Reserve Payment -$211,192.13Non-Spin Service Charge $211,191.99Regulation Down Payment -$125,296.92Regulation Down Charge $125,297.00Responsive Reserve Payment -$1,014,077.43Responsive Reserve Charge $1,014,077.48Regulation Up Payment -$485,710.21Regulation Up Charge $485,710.10

Day Ahead Obligation $52,824.91Day Ahead Obligation with Refunds $0.00Day Ahead Option -$283,993.91Day Ahead Option with Refunds -$352.23Short Fall Charges to CRR Owners $0.00Balancing Account Credit $768,719.31


Day Ahead CRR


Day Ahead Energy



RTM Settlement Overview for June 16

Statement Overview• 188 Statements posted to QSEs• 2 Statements posted to CRRAHs• 4 QSEs received Statements for $0 (This

is not due to the closed issue. There were drivers for calculations, but the outputs were zero)

General Reminders• Submit any questions/issues about


Real-Time Energy Imbalance -$1,087,776.56Block Load Transfer Resource $0.00

Real-Time DCTIE import $0.00Real-Time DCTIE export $0.00Real-Time Congestion Payment or Charge $15,879.08Real-Time PTP Obligation -$5,615.76Real-Time Revenue Neutrality Allocation $756,569.70

Base Point Deviation Charge $1,915,214.06Base-Point Deviation Payment -$1,915,213.62

Real-Time Option w ith Refund $0.00Real-Time Option -$32.84Real-Time CRR Ow ners Shortfall Charges $0.00

Black Start Service Payment -$17,793.36Black Start Service Charge $17,793.38

RMR Standby Payment -$38,844.72RMR Energy Payment $0.00RMR Adjustment Charge $0.00RMR Unexcused Misconduct Charge $0.00RMR Service Charge $30,775.26

Real Time Reg Dow n Adjustment Charge $0.02Real Time Non-Spin Adjustment Charge -$0.23Real Time Reg-Up Adjustment Charge -$0.02

Real Time Responsive Reserve Adjustment Charge $0.10

RUC Claw back Charge $133,745.33RUC Claw back Payment -$133,745.19RUC Decommitment Payment $0.00RUC Decommitment Charge $0.00RUC Make-Whole Payment -$18,999.73RUC Capacity-Short $18,999.08RUC Make-Whole Uplift Charge $0.36

ERCOT System Administration Charge $461,863.50QSE Nodal Surcharge Fee $414,808.14

RUC

Administrative Fees

Black Start

RMR

Real-Time Ancillary Services

Real-Time CRR

Operating Date 06/16/2010 RTM Settlement Totals

Real Time Energy

Base Point Deviation



Statement Overview• 196 Statements posted to QSEs• 2 Statements posted to CRRAHs• 5 QSEs received Statements for $0Charge Type Overview• Emergency Energy Payments and

Charges were calculatedGeneral Reminders• Submit any questions/issues about


Real-Time Energy Imbalance -$1,333,402.09Block Load Transfer Resource $0.00

Real-Time DCTIE import $0.00Real-Time DCTIE export $0.00Real-Time Congestion Payment or Charge -$393,527.44Real-Time PTP Obligation $335,411.34Real-Time Revenue Neutrality Allocation $1,260,117.94

Base Point Deviation Charge $417,140.82Base-Point Deviation Payment -$417,140.37


Emergency Energy -$57.71Charge for Emergency Energy $57.68


RMR Standby Payment -$38,844.72

RMR Energy Payment $0.00RMR Adjustment Charge $0.00RMR Unexcused Misconduct Charge $0.00RMR Service Charge -$180,466.37

Real Time Reg Dow n Adjustment Charge -$0.15Real Time Non-Spin Adjustment Charge -$0.18Real Time Reg-Up Adjustment Charge -$0.05Real Time Responsive Reserve Adjustment Charge -$0.36

RUC Claw back Charge $8.73RUC Claw back Payment -$8.60RUC Decommitment Payment $0.00RUC Decommitment Charge $0.00RUC Make-Whole Payment -$7,200.00

RUC Capacity-Short $7,199.58RUC Make-Whole Uplift Charge $0.23


RUC

Administrative Fees

Black Start

RMR


Real-Time CRR

Emergency Energy


Real Time Energy




Statement Overview• 192 Statements posted to QSEs• 1 Statements posted to CRRAHs• 4 CRRAHs and QSEs received

Statements for $0General Reminders• Submit any questions/issues about


Real-Time Energy Imbalance $1,057,930.64Block Load Transfer Resource $0.00

Real-Time DCTIE import $0.00Real-Time DCTIE export $0.00Real-Time Congestion Payment or Charge $2,810,308.07Real-Time PTP Obligation -$162,124.74Real-Time Revenue Neutrality Allocation -$4,105,719.84



RMR Standby Payment -$38,844.72RMR Energy Payment $0.00RMR Adjustment Charge $0.00RMR Unexcused Misconduct Charge $0.00

RMR Service Charge $152,506.87

Real Time Reg Dow n Adjustment Charge -$0.17Real Time Non-Spin Adjustment Charge $0.00Real Time Reg-Up Adjustment Charge -$0.03

Real Time Responsive Reserve Adjustment Charge -$0.11

RUC Claw back Charge $208,553.17RUC Claw back Payment -$208,553.14

RUC Decommitment Payment $0.00RUC Decommitment Charge $0.00RUC Make-Whole Payment -$3,425.75RUC Capacity-Short $3,425.27RUC Make-Whole Uplif t Charge $0.15


RUC

Administrative Fees

Black Start

RMR



Real Time Energy





Statements for $0Charge Type Overview• RMR Unexcused Misconduct Charges

were calculatedGeneral Reminders• Submit any questions/issues about


Real-Time Energy Imbalance -$204,656.07Block Load Transfer Resource $0.00

Real-Time DCTIE import $0.00Real-Time DCTIE export $0.00Real-Time Congestion Payment or Charge $57,667.13Real-Time PTP Obligation -$7,988.79Real-Time Revenue Neutrality Allocation -$221,068.87

Base Point Deviation Charge $852,642.69Base-Point Deviation Payment -$852,642.57



RMR Standby Payment -$38,844.72RMR Energy Payment -$156,365.64RMR Adjustment Charge $90,367.13RMR Unexcused Misconduct Charge $20,000.00RMR Service Charge -$22,381.70


Real Time Responsive Reserve Adjustment Charge $0.06

RUC Claw back Charge $25,414.49RUC Claw back Payment -$25,414.22RUC Decommitment Payment $0.00RUC Decommitment Charge $0.00RUC Make-Whole Payment -$969.65RUC Capacity-Short $968.75RUC Make-Whole Uplif t Charge $0.46


RUC

Administrative Fees

Black Start

RMR


Real-Time CRR


Real Time Energy





Statements for $0Charge Type Overview• Block Load Transfer Payments were

calculatedGeneral Reminders• Submit any questions/issues about


Real-Time Energy Imbalance -$5,623,660.53Block Load Transfer Resource -$13,592.22

Real-Time DCTIE import $0.00Real-Time DCTIE export $0.00Real-Time Congestion Payment or Charge -$6,141.56Real-Time PTP Obligation $443,192.08Real-Time Revenue Neutrality Allocation $4,827,874.87




RMR Standby Payment -$38,844.72RMR Energy Payment -$183,518.77RMR Adjustment Charge $361,300.24RMR Unexcused Misconduct Charge $0.00RMR Service Charge $185,666.12


Real Time Responsive Reserve Adjustment Charge -$0.16

RUC Claw back Charge $2,377,934.12RUC Claw back Payment -$2,377,934.43RUC Decommitment Payment $0.00RUC Decommitment Charge $0.00RUC Make-Whole Payment -$29,541.37RUC Capacity-Short $29,539.81RUC Make-Whole Uplif t Charge $0.79


RUC

Administrative Fees

Black Start

RMR


Real-Time CRR


Real Time Energy


Charge Type Tracker

• Below are the Day Ahead Market charge types that have been executed at least once during Market Trials (18 of 19 executed)– Day Ahead Short Fall scenario was hit on Op Day 6-26


Day Ahead Charge Type Executed in Market TrialsDay Ahead Obligation with Refunds NoShort Fall Charges to CRR Owners YesBalancing Account Credit YesDay Ahead Energy Purchases YesDay Ahead Energy Sales YesDay Ahead Make Whole Charge YesDay Ahead Make Whole Payments YesDay Ahead Obligation YesDay Ahead Option YesDay Ahead Option with Refunds YesNon-Spin Reserve Payment YesNon-Spin Service Charge YesPTP Obligation Bought in the DAM YesRegulation Down Charge YesRegulation Down Payment YesRegulation Up Charge YesRegulation Up Payment YesResponsive Reserve Charge YesResponsive Reserve Payment Yes

Charge Type Tracker


• Below are the Real-Time Market charge types that have been executed at least once during Market Trials (34 of 45 executed)

** We are currently planning to have all charge types executed by the end of July**

Real Time Charge Type Executed in Market Trials Real Time Charge Type Executed in Market TrialsBlock Load Transfer Resource Yes Black Start Service Charge YesCharge for Emergency Energy Yes Black Start Service Payment YesEmergency Energy Payment Yes ERCOT System Administration Charge YesReal-Time CRR Ow ners Shortfall Charges No Non-Spin Failure to Provide Charge NoReal-Time DCTIE export No QSE Nodal Surcharge Fee YesReal-Time Load Allocated Voltage Charge No Real Time Non-Spin Adjustment Charge YesRMR Unexcused Misconduct Charge Yes Real Time Reg Dow n Adjustment Charge YesRUC Decommitment Charge No Real Time Reg-Up Adjustment Charge YesRUC Decommitment Payment No Real Time Responsive Reserve Adjustment Charge YesVoltage Support Service Energy Payment No Reg Dow n Failure to Provide Charge NoVoltage Support Service Var Payment No Reg Up Failure to Provide Charge NoBase Point Deviation Charge Yes Responsive Reserve Failure to Provide Charge NoBase-Point Deviation Payment Yes RMR Service Charge YesReal-Time Congestion Payment or Charge Yes RUC Capacity-Short YesReal-Time DCTIE import Yes RUC Claw back Charge YesReal-Time Energy Imbalance Yes RUC Claw back Payment YesReal-Time Option Yes RUC Make-Whole Payment YesReal-Time Option w ith Refund Yes RUC Make-Whole Uplif t Charge YesReal-Time PTP Obligation Yes SASM Non-Spin Payment YesReal-Time Revenue Neutrality Allocation Yes SASM Reg Dow n Payment YesRMR Adjustment Charge Yes SASM Reg Up Payment YesRMR Energy Payment Yes SASM Responsive Reserve Payment YesRMR Standby Payment Yes

Update to Settlement Charge Type Tracker


Planned Settlement dates for charge types not yet executed in Market Trials

**Any updates to these dates will be communicated at the Friday Settlements Market Trials Call

Real Time Charge Type Executed in Market Trials Targeted Operating Date for SettlementBlock Load Transfer Resource Yes 6/22 RTM InitialCharge for Emergency Energy Yes 6/17 RTM InitialEmergency Energy Payment Yes 6/17 RTM InitialReal-Time CRR Ow ners Shortfall Charges No July (Exact Date to be determined)

Real-Time DCTIE export NoWaiting on MMS release that will allow for DC Ties (Exact Date to be determined)

Non-Spin Failure to Provide Charge No 6/29 RTM InitialReg Dow n Failure to Provide Charge No 6/29 RTM InitialReg Up Failure to Provide Charge No 6/29 RTM InitialResponsive Reserve Failure to Provide Charge No 6/29 RTM InitialRMR Unexcused Misconduct Charge Yes 6/19 RTM InitialRUC Decommitment Charge No 6/23 RTM InitialRUC Decommitment Payment No 6/23 RTM InitialVoltage Support Service Energy Payment No 6/10 RTM FinalVoltage Support Service Var Payment No 6/10 RTM FinalReal-Time Load Allocated Voltage Charge No 6/10 RTM Final

Day Ahead Charge Type Executed in Market Trials Targeted Operating Date for Settlement

Day Ahead Obligation with Refunds NoDependent of NOIEs nominating for this CRR type

Short Fall Charges to CRR Owners Yes July (Exact Date to be determined)

Week in Review

• RTM Invoice (Posted 6-24)– No Unsupported Operating Dates included– Initials Included 6/11, 6/15, 6/16, 6/17– Finals Included 6/1, 6/2, 6/3, 6/4, 6/5– True-Ups Included 5/5, 5/7

• Miscellaneous Invoice (Posted on 6-29)– 81 Invoices Created (Uplift to Load with payment to one Gen QSE)

• CARD Final for May Auction (Posted on 6-29)• Incorrect DAM Market Totals for 6-18

– Day Ahead Energy Purchases and Day Ahead Congestion Rent were transposed

– Correct Totals on Next Slide• DAM Resettlement for Operating Day 6-26 (to Post on 7-2)


Corrected DAM Totals for 6-18


Day Ahead Energy Sales -$65,423,498.73Day Ahead Energy Purchases $93,959,314.08PTP Obligation Bought in the DAM $107,391.27Day Ahead Congestion Rent $28,357,262.49

Day Ahead Make Whole Payments $0.00Day Ahead Make Whole Charge $0.00

Non-Spin Reserve Payment -$223,991.39Non-Spin Service Charge $223,991.37Regulation Down Payment -$85,240.15Regulation Down Charge $85,240.31Responsive Reserve Payment -$1,231,070.24Responsive Reserve Charge $1,231,070.31Regulation Up Payment -$413,174.32Regulation Up Charge $413,174.29

Day Ahead Obligation -$3,228,720.92Day Ahead Obligation with Refunds $0.00Day Ahead Option -$7,160,839.98Day Ahead Option with Refunds -$25,977.11Short Fall Charges to CRR Owners $0.00Balancing Account Credit $17,941,724.48


Day Ahead CRR


Day Ahead Energy



Next Week’s Activities

• Operating Days for next week that will be settled– 7-6 No-DAM Settlement– 7-7 SASM only if needed– 7-8 SASM only if needed– 7-9 SASM only if needed– 7-10 SASM only if needed

• RTM Re-Settlement for Operating Date 6-22

• Miscellaneous Invoice to post on Thursday, 7-8– Invoices will get generated for all QSEs


Support Metrics

* This week, 24 out of 147 questions were responded to outside of the 24 hour time frame.

Market Participant Inbound Questions

Last Week This Week

Environment Report-Known Issues

COMS New Known Issues• EOCPRCAP (Energy Offer Curve Price Cap) does not calculate when HSL=MW quantity

and there are multiple quantities equal HSL. This only affects Real Time Ahead AIEC calculation under this very distinct data scenario

• Multiple Extract issues (Next Slides)• Missing TWTG data for whole intervals (Due to missing SCADA, working on S&B

integration logic to catch these instances)

COMS Closed Issues• AIEC is calculating incorrectly when “Vertical Offer Curves” are submitted. Issue is seen

when there are different offer prices for the same MW quantity on the curve• DAEOCPRCAP (Day Ahead Energy Offer Curve Price Cap) does not calculate when

HSL=MW quantity and there are multiple quantities equal HSL. This only affects Day Ahead AIEC calculation under this very distinct data scenario

Reminder: ERCOT will post known issues every Friday to the readiness center at: http://nodal.ercot.com/readiness/markettrials/coms/index.html


Settlement Extracts Issues

Blank Postings due to corrupt files– PRDE

• Affected dates of 06/26/2010 and 06/27/2010

– RTM • Affected Operating Days:

– RTM Initial 6/15/2010– RTM Final 6/4/2010– RTM Final 6/5/2010– RTM True Up 5/7/2010

• All files reposted by 7/2/2010

– DAM• Affected Operating Days:

– DAM 6/22/2010– DAM 6/23/2010

• Files reposted 7/1/2010

Settlement Extracts Issues

DAM Resettlement for 06/16/2010 Operating Day• Affected posting date 06/23/2010• File was posted 07/01/2010• This file was not posted due to an internal miscommunication

Late Postings– Settlements Inputs Extract (SID)

• Affected posting days:– 6/24/2010 - 6/26/2010– 6/29/2010

• Current as of 6/30/2010– RTM CODE

• Affected posting days:– 6/24/2010 - 6/26/2010– 6/29/2010

• Current as of 6/30/2010

– Late postings are due to an issue with long running jobs. Development team is currently working on an extract tuning fix to resolve the issue and this fix is scheduled to be implemented this weekend.


Credit and TreasuryWeekly Update

July 2, 2010

Week in Review

• Posted Credit Reports– ACL and TPE Summary Reports were posted around 8:30 am– Remaining Credit Reports were posted around 9:30 am – Aggregate Incremental Liability (AIL) report was posted on June 25th.

However, due to a weekend migration, CMM experienced a significant delay in data population of this report (added to the Known Issues list). As a result, this report was not posted this week.

• A fix has been identified for this performance issue and is expected to be in place in the next few weeks

• We expect that data will “catch up” over this weekend• We will begin posting the AIL report on Tuesday, July 6 with whatever data is

available

• Sent ACLs each business day


Week in Review

• Credit exposures– Credit exposures should reflect market participant activity

• There remain a few exceptions, which are listed on the Known Issues list

– Extrapolation of high historical activity forward continue to impact exposure calculations for CPs with ongoing activity in Real Time

– ERCOT did not override ACLs or adjust credit limits

– Last week, ERCOT requested CPs to seek a “refund” of e-collateral to adjust it down consistent with exposure and begin managing in a more normal way

• Have not received many requests for “refund”• ERCOT will make one last adjustment to reduce credit limits to 30% above TPE

for entities that have not given instructions in the past week

– Still see a significant amount of CP activity in the RT market


Volume by Counter-Party by Day


Operating Date Primary Activity

Total Generation

Total Load

Self Scheduled

Q2Q Purchases

Q2Q Sales

DAM Purchases

DAM Sales

Imbalance Volume

Stats from last week06/08/10 No Load, No Gen 0 0 0 2,442 4,802 13,441 13,834 2,75306/08/10 Primarily Load 305,749 610,529 0 12,663 20,079 233,144 250,782 329,83406/08/10 Primarily Gen 689,574 386,065 0 23,434 13,658 581,121 561,737 -332,669

995,322 996,594 0 38,539 38,539 827,707 826,353 -82

Stats this week06/16/10 No Load, No Gen 0 0 0 2,441 4,801 993 19,313 20,68006/16/10 Primarily Gen 500,572 283,495 0 104,000 99,800 914,452 479,902 -655,82706/16/10 Primarily Load 605,583 823,826 0 22,914 24,754 171,051 580,896 629,928

1,106,155 1,107,321 0 129,355 129,355 1,086,497 1,080,111 -5,220

06/17/10 No Load, No Gen 0 0 0 3,281 4,801 3,445 21,063 19,13806/17/10 Primarily Gen 467,471 229,110 0 120,800 99,200 868,744 409,324 -719,38106/17/10 Primarily Load 632,783 872,313 0 18,534 38,614 184,501 620,062 695,172

1,100,255 1,101,423 0 142,615 142,615 1,056,690 1,050,450 -5,071

06/18/10 No Load, No Gen 0 0 0 2,441 4,801 3,981 23,185 21,56406/18/10 Primarily Gen 474,068 229,954 0 99,200 99,200 965,118 452,483 -756,74906/18/10 Primarily Load 633,450 878,656 0 13,763 11,403 175,933 664,301 731,214

1,107,518 1,108,610 0 115,404 115,404 1,145,031 1,139,969 -3,970

Note: While we are seeing an increase in both Energy Trades and DAM activity, we are still seeing a significant level of activity in Real Time.

Next Week

• ERCOT– Will post Aggregate Incremental Liability (AIL) report again on Tuesday,

July 6th and will be posting this with the other Credit Reports from now on• Occasionally, some operating day’s real time estimates are missing due to delayed jobs. If

this happens, the corresponding forward day’s estimates would also be missing (known issue).

– Since ERCOT has not received many requests for “refund”, early next week, ERCOT will make one last adjustment to reduce credit limits to 30% above TPE for entities that have not given instructions in the past week

• Reminders– ERCOT will send collateral calls if exposure exceeds collateral– If ERCOT sends a collateral call, the CP will likely not be able to

bid in the DAM until additional e-collateral is received


Next week

• Counter-Parties– Since ERCOT will no longer override ACLs and will make one final

adjustment to bring credit limits to 30% over TPE, CPs should review Credit Reports, consider

• a) their exposure and• b) upcoming DAM activity and send e-collateral as needed


Next Week - Schedule of activity

Meeting Title (optional)Date

Business day Activity to consider ACL deliveredDeadline for

"e-collateral"

Monday, July 5 Holiday - no activity

Tuesday, July 6 DAM for OD 7/7 Friday evening Friday noon

Wednesday, July 7 DAM for OD 7/8 Tuesday evening Tuesday noon

Thursday, July 8 DAM for OD 7/9 Wednesday evening Wednesday noon

Friday, July 9 DAM for OD 7/10 Thursday evening Thursday noon

Other topics

• Tentative timeline for First Priority Security Interest document– July 1, 2010 – ERCOT circulated initial draft to CPs. – July 19, 2010 – Comments back from CPs.– August 2, 2010 – ERCOT circulates second draft to CPs.– August 17, 2010 – ERCOT reviews document with F&A.– September 21, 2010 – Final review and possible approval by F&A and

ERCOT Board.• NPRR 206 and “e” factors

– NPRR 206 with 1/0/1 - last week– “e” factors – planned - August 1– Training on NPRR 206 and “e” factors - August


New Known Issues

• Display issue on reports: If a First Priority Security Interest is given and the CCE & FCE is a credit amount; the TPE is incorrectly displaying a 0. – Underlying TPE and ACL calculations are correct

• Display issue on AIL Detail Report: The sign convention on the AIL Details Report for the ‘Completed and Settled’ days and the ‘Completed and Not Settled’ days is inconsistent. – Underlying exposure calculations are correct

• DAM Resettlement Invoice is included in the DALE. – Root cause has been identified and fix is in process– This invoice will roll out of the EAL calculation on Friday (July 2).

• Real time estimates for Aggregate Incremental Liability (AIL) have been delayed by up to five days – A fix has been identified for this performance issue and is expected to be in

place in the next few weeks


Closed Known Issues

– Note: Known Issues can be reviewed at : http://nodal.ercot.com/readiness/markettrials/coms/index.html,


Documents

COMS/Settlements/Credit