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Texas QSE to Pay $10,000 Under Settlement With PUCT Staff
Breeze, LLC would pay $10,000 under a settlement with Staff of the Public Utility Commission of Texas to resolve Breeze's alleged failure to adhere to ERCOT Protocols § 16.11.5(1)(b), related to monitoring of a counter-party's creditworthiness and credit exposure by ERCOT.
ERCOT Protocol § 16.11.5(1)(b) is a standard that applies to Qualified Scheduling Entities and Counter-Parties with ERCOT. In its capacity as a QSE and Counter-Party, Breeze was required to file its 2012 annual audited financial statements by April 30, 2013.
Breeze timely submitted its unaudited quarterly 2012 financial statements and first quarter 2013 financial statements, and ERCOT granted Breeze an extension to provide the annual audited financial statements by June 15, 2013.
The settlement states that Breeze failed to provide the 2012 annual audited financial statements to ERCOT by the extended due date of June 15, 2013.
After Breeze failed to provide the 2012 annual audited financial statements by July 9, 2013, ERCOT issued a collateral call for $200,000.
Breeze met the collateral call in the amount of $200,000, but remained in noncompliance with ERCOT Protocol 16.11.5(1)(b) for failure to file its 2012 annual audited financial statements, the settlement states. On November 8, 2013, Breeze provided ERCOT with 2012 annual audited financial statements to comply with its obligation to provide such statements.
Docket 42232
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February 7, 2014
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Reporting by Paul Ring • ring@energychoicematters.com
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