ERCOT_RFP-Audit Accounting and Attestation Services_09-26_NK

ERCOT (Electric Reliability Council of Texas) is issuing this Request for Proposal to identify and contract with one or more qualified professional accounting firms to provide a comprehensive range of audit, attestation, tax compliance, and advisory services. The scope encompasses six distinct service areas: annual financial statement audits of ERCOT and its subsidiaries TEMSFM and TEMSFN, debt servicer compliance examination, SSAE 18 SOC 1 Type II engagement, IRS Form 990 review and e-filing, IRS Form 1099s e-filing, and as-needed tax consulting and advisory services. The contract is intended for an initial six-year term beginning January 1, 2027, subject to cancellation for convenience upon 30 days notice.

Key procurement milestones include: RFP release on September 11, 2026; optional Notice of Intent to Propose due September 18, 2026; respondent questions due September 23, 2026; responses to questions sent October 1, 2026; respondent proposals due October 12, 2026; potential respondent presentations from October 12-22, 2026; ERCOT recommendation to Finance and Audit Committee on December 7, 2026; anticipated contract award in December 2026; and contract start January 1, 2027.

Qualification requirements include: firms must be licensed to perform audits in Texas, possess at least 10 years of previous experience with enterprise-level clients, and audit teams must have a median experience of at least two years. Respondents must detail their methodology for conducting fieldwork onsite, remotely, or in a hybrid approach, and must possess a secure data collection and collaboration tool for remote work. For tax services, respondents must be licensed in Texas and have experience with nonprofit tax matters. All communications must be directed to ERCOT's point of contact, Nicholas Kimmel.

Deliverables include written audit reports for financial statements by April 1 each year, debt servicer compliance reports by March 31, SOC 1 Type II draft reports by end of October and final by November 15, and e-filed Form 990 and Form 1099s by applicable IRS deadlines. Cost proposals must be submitted via Workday Strategic Sourcing with fixed pricing tables for each service line over the six-year term, including separate annual costs and expense breakdowns. Respondents may propose joint proposals designating a primary respondent. ERCOT reserves the right to award contracts to different respondents for audit and tax services to maintain auditor independence.

ERCOT_RFP-Audit Accounting and Attestation Services_09-26_NK

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