Default Uplift News Today

To print this article, all you need is to be registered or login on Mondaq.com. On April 23, 2021, the Electric Reliability Council of Texas (ERCOT) issued a Market Notice that estimated the cumulative aggregate short pay amount due to Storm Uri at $2,992,497,089.61. Subsequently, on April 27, 2021, ERCOT issued a Market Notice noting that, under ERCOTs rules, Counter-Parties must maintain Financial Security or an Unsecured Credit Limit at an amount that equals or exceed...

On April 23, 2021, the Electric Reliability Council of Texas (ERCOT) issued a Market Notice that estimated the cumulative aggregate short pay amount due to Storm Uri at $2,992,497,089.61. Subsequently, on April 27, 2021, ERCOT issued a Market Notice noting that, under ERCOT’s rules, Counter-Parties must maintain Financial Security or an Unsecured Credit Limit at an amount that equals or exceeds its Total Potential Exposure (TPE) and further stating that ERCOT intends to issue Default Uplift...