Yes, this is correct. Only ZRCs from outside the compliance zone are subject to payment adjustments under the term of the (AIC) Capacity Agreement.

Under the terms of the (AIC) Capacity Agreement, payments to Seller will only be adjusted to reflect an increased payment if the Source Zone ACP is greater than the Compliance Zone ACP where the Compliance Zone is LRZ4. For purposes of the below example, the “ACP” refers to the Auction Clearing Price from the 2019/2020 MISO Planning Resource Auction and the Compliance Zone is LRZ4. See below for a hypothetical example.

No. of ZRCs won by Seller: 25 ZRCs from Zone 3

Average Winning Bid Price under the (AIC) Capacity Agreement: $50/MW-day

Payment to Seller = $50 x 25 ZRCs x 365 = $456,250

MISO 2019/2020 PRA Results:

LRZ 4 ACP = $30/MW-day

LRZ 3 ACP = $100/MW-day

Adjustment to Payment = ($100 – $30) x 25 ZRCs x 365 = $638,750

Adjusted Payment = $456,250 + $638,750 = $1,095,000

Under the terms of the (AIC) Capacity Agreement, payments to Seller will be reduced if the Compliance Zone ACP is greater than the Source Zone ACP where the Compliance Zone is LRZ4. If the amount of the payment reduction is greater than the unadjusted payment, then Seller (not Buyer) will have to pay Buyer under the (AIC) Capacity Agreement.  We provide 2 examples below to illustrate this point.

For purposes of the below example, the “ACP” refers to the Auction Clearing Price from the 2019/2020 MISO Planning Resource Auction and the Compliance Zone is LRZ4.

Example 1:  Where the adjustment results in a reduced payment from Buyer to Seller.

No. of ZRCs won by Seller: 25 ZRCs from Zone 3

Average Winning Bid Price under the (AIC) Capacity Agreement: $90/MW-day

Payment to Seller = $90 x 25 ZRCs x 365 days = $821,250

MISO 2019/2020 PRA Results:

LRZ 4 ACP = $100/MW-day

LRZ 3 ACP = $30/MW-day

Adjustment to Payment = – ($100 – $30) x 25 ZRCs x 365 days = – $638,750

Adjusted Payment = $821,250 – $638,750 = $182,500

Example 2:  Where the adjustment results in payment from Seller to Buyer.

No. of ZRCs won by Seller: 25 ZRCs from Zone 3

Average Winning Bid Price under the (AIC) Capacity Agreement: $50/MW-day

Payment to Seller = $50 x 25 ZRCs x 365 days = $456,250

MISO 2019/2020 PRA Results:

LRZ 4 ACP = $100/MW-day

LRZ 3 ACP = $30/MW-day

Adjustment to Payment = – ($100 – $30) x 25 ZRCs x 365 days = – $638,750

Adjusted Payment = $456,250 – $638,750 = – $182,500 (i.e., payment from Seller to Buyer)

Documents containing acceptable modifications to the Pre-Bid Letters of Credit were posted to the Final Materials page of the Fall Block and Energy and Capacity section of the procurement website on August 8, 2018.

Please send an email to the Procurement Administrator requesting the banking information. In your email, please specify the procurement event for which you would like to receive the banking information.

Please visit the calendar available here for a schedule of events relating to the Fall 2018 Block Energy and Capacity RFP.

RFP documents that included the requirement listed in the Second Item of Section 1 of the Part 1 Proposal, Participation in MISO or PJM Markets, were posted to the Final Materials page of the Fall Block Energy and Capacity section of the RFP website and made available to Bidders on June 20, 2018. The requirement was also provided to Bidders in the webcast held by the Procurement Administrator on August 7, 2018.

Please see Section IV.1.2 of the RFP Rules for details regarding the requirement listed in the Second Item of Section 1 of the Part 1 Proposal.

You must meet all requirements of the Part 1 Proposal, including any listed in the Second Item of Section 1 of the Part 1 Proposal, Participation in MISO or PJM Markets, by the Part 1 Date. Please note that Bidders who are currently a Seller to a Company under an applicable supplier contract or have been a Seller to a Company under an applicable supplier contract pursuant to a 2016, 2017, or 2018 procurement event under the BEC RFP or under the Standard Products RFP are exempt from the requirement listed in the Second Item of Section 1 of the Part 1 Proposal.

Yes, a new Pre-Bid Letter of Credit will be required given the pre-bid letter of credit for purposes of your participation in the Spring 2018 BEC RFP would have expired or returned to you.

The standard form of the Post-Bid Letter of Credit for a Company has not changed between the Spring 2018 and Fall 2018 BEC RFP.  If you have a Post-Bid Letter of Credit with a Company pursuant to an award in the Spring 2018 BEC RFP and you win additional blocks for that same Company in this upcoming RFP, you may use the same Post-Bid Letter of Credit to meet the credit requirements under both the supplier contract from the Spring 2018 BEC RFP and the Fall 2018 BEC RFP, but you may be required to increase the amount of your Post-Bid Letter of Credit to meet the credit requirements.

Information necessary to provide the Pre-Bid Letter of Credit to the applicable Company can be found in Paragraph V.2.3 (AIC Energy Products/Combinations), Paragraph V.3.3 (ComEd Products/Combinations), and Paragraph V.5.2 (the AIC Capacity Product).

No. A Bidder is only required to pay a Bid Participation Fee if it has not paid the Bid Participation Fee pursuant to its participation in a prior IPA procurement event in 2018.

Redlines between the final supplier contracts from the Fall 2017 and Fall 2018 procurement events are not available. On June 20, 2018, the Procurement Administrator posted redlines between the final supplier contracts between the Spring 2018 and Fall 2018 procurement events. These documents are available on the Final Materials page of the Fall Block Energy and Capacity section of the RFP website. On February 20, 2018, the Procurement Administrator posted redlines between the draft supplier contracts for the Spring 2018 procurement events and the final supplier contracts from the Fall 2017 procurement events. On March 13, 2018, the Procurement Administrator posted redlines between the draft supplier contracts and the final supplier contracts for the Spring 2018 procurement events for those documents for which minimal changes were made. The documents posted on February 20, 2018 and the documents posted on March 13, 2018 are available on the Previous 2018 Block Energy and Capacity RFPs page of the RFP website. There have been minimal changes between the draft supplier contracts for the Spring 2018 procurement events and the final supplier contracts for the Fall 2018 procurement events.

Please email the Procurement Administrator at Illinois-RFP@nera.com if you are unable to attend bidder training and would like to set up an alternative time. In your email, please specify three (3) alternative 20-minute time slots that work for your schedule to participate in bidder training.

No, cash cannot be used in place of a Pre-Bid Letter of Credit. With the Part 2 Proposal, a Bidder must submit an executed Pre-Bid Letter of Credit for the procurement event(s) in which the Bidder is participating.  Bidders must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Pre-Bid Letter of Credit must incorporate only those modifications to the Standard Pre-Bid Letter of Credit approved by a Company and posted to the procurement website.

There is no process for review of draft Pre-Bid Letters of Credit prior to issuance.  A Pre-Bid Letter of Credit submitted for a procurement event must be in the form of the Standard Pre-Bid Letter of Credit for a procurement event or incorporate only modifications approved by a Company and posted to the procurement website. Please check whether the modifications made by your bank are included in the list of modifications posted to the Final Materials page of the Fall Block Energy and Capacity section of the procurement website.

If you are a winning bidder in this Fall 2018 BEC RFP, you must execute a new applicable supplier contract(s) regardless of whether you are a winning supplier or not from a prior procurement event.

Yes. The due date for supplier contracts to be fully executed by winners in the upcoming AIC Capacity procurement event is Monday, September 17, 2018.

As stated in Paragraph VI.2.17 of the RFP Rules, winning Bidders execute the signature pages of the partially executed supplier contract and related documents and send such fully executed signature pages to the applicable Company electronically by 4PM CPT (5 PM EPT) on the second business day after the ICC decision.

On June 20, 2018, the Procurement Administrator posted redlines between the final supplier contracts between the Spring 2018 and Fall 2018 procurement events. Redlines reflect differences between the final document posted on March 13, 2018 for the Spring 2018 BEC RFP and the final document posted on June 20, 2018 for the Fall 2018 BEC RFP. These documents are available on the Final Materials page of the Fall Block Energy and Capacity section of the RFP website.

The execution date will be the date of the ICC decision on the block energy procurement events (September 14, 2018).

A Bidder must submit its online Part 2 Form, regardless of the procurement event, by 12 PM (noon) on the Part 2 Date. This is prior to the due date for the Pre-Bid Letters of Credit for the procurement events for Energy Products, which are due on Wednesday, September 5, 2018. Even though the Pre-Bid Letters of Credit are not due until later, your Part 2 Proposal will be deficient if your Part 2 Proposal is received on the Part 2 Date but your Pre-Bid Letters of Credit are not submitted at that time.

The RFP Rules will state whether a Bidder may, in its Part 1 Proposal, provide comments on or propose modifications to the Pre-Bid Letters of Credit or may provide comments on the changes that have been made to a Standard Pre-Bid Letter of Credit relative to the previously used Standard Pre-Bid Letter of Credit. Please inquire or review the RFP Rules at the beginning of the next procurement event.

The Inserts to the Part 1 and Part 2 Forms will not be provided in draft form as only the final versions would be accepted for submission with your Proposal. On the calendar for these procurement events, the Final RFP Documents, including the Inserts, are scheduled to be posted to the Final Materials page of the procurement website by Tuesday, March 26, 2019.  However, the Procurement Administrator will endeavor to post the documents related to the Part 1 Proposal ahead of schedule.  The Procurement Administrator will send an announcements once these documents are posted.

Yes, a new Pre-Bid Letter of Credit will be required given the pre-bid letter of credit for purposes of your participation in the Spring 2018 BEC RFP would have expired or returned to you.

Please register here and select “Block Energy and Capacity RFP”:

https://www.ipa-energyrfp.com/contact-us/register/

or contact the Procurement Administrator via email.

The Procurement Administrator posted the Standard Pre-Bid Letter of Credit for each Company to the Draft Documents page of the Spring Block Energy and Capacity section of the IPA website on February 26, 2018. While the Standard Pre-Bid Letter of Credit for each Company is posted in its final form to the Draft Documents page, the Standard Pre-Bid Letters of Credit will be re-posted with the final RFP documents to the Final Materials page of the Spring Block Energy and Capacity section of the IPA website on March 14, 2018.

No. A Bidder may only provide comments on or propose modifications to the changes that have been made to the Standard Pre-Bid Letter of Credit for a procurement event for a Company relative to the previously used Standard Pre-Bid Letter of Credit. The Procurement Administrator will not solicit comments on the Standard Pre-Bid Letter of Credit when such changes are limited to these administrative updates: (i) expiration date, date of the procurement event, and dates of the supply period; (ii) docket number; or (iii) contact information for the Company. The changes that have been made to the Standard Pre-Bid Letters of Credit are administrative only and, as such, the Procurement Administrator will not be soliciting comments on the Standard Pre-Bid Letters of Credit.

Documents containing acceptable modifications to the Pre-Bid Letters of Credit were posted to the Final Materials page of the Spring Block and Energy and Capacity section of the procurement website on March 16, 2018.

No. The Spring 2018 Block Energy and Capacity (“BEC”) RFP and the Adjustable Block Program are different.

The Spring 2018 BEC RFP consists of the procurement of: (i) monthly on-peak and off-peak standard block forward products as well as combinations for Ameren Illinois Company (“AIC”), Commonwealth Edison Company (“ComEd”), and MidAmerican Energy Company (“MEC”); and (ii) capacity for AIC (25% of the 2019-2020 planning year forecast requirement).

The Adjustable Block Program is proposed as part of the Illinois Power Agency’s Long-Term Renewable Resources Procurement Plan (“LTRRPP”).  The Illinois Commerce Commission (“Commission”) will render a decision on the LTRRPP and this decision is expected on April 3, 2018.  The Commission may change in whole or in part the proposal made by the Illinois Power Agency with regard to the Adjustable Block Program.

The details of the Adjustable Block Program will not be provided on this website once the Commission renders its decision and the Procurement Administrator will not respond to questions in this regard.  Please refer to the IPA’s website, https://www2.illinois.gov/sites/ipa/Pages/default.aspx, where the LTRRPP as approved by the Commission will be posted once it becomes available.

No, surety bonds cannot be used in place of a Pre-Bid Letter of Credit. With the Part 2 Proposal, a Bidder that intends to submit Bids for a procurement event for a Company must submit an executed Pre-Bid Letter of Credit to that Company in an amount sufficient to support its Bids as specified in the RFP Rules. Bidders participating in a procurement event for Energy Products must submit a Pre-Bid Letter of Credit for a Company in an amount no less than $5,000 per block of the Bidder’s Maximum Quantity subject to a $250,000 minimum for AIC and ComEd and subject to a $25,000 minimum for MEC. The required amount of the Pre-Bid Letter of Credit for the AIC Capacity Product is $200,000. You must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Pre-Bid Letter of Credit must incorporate only those modifications to the Standard Pre-Bid Letter of Credit approved by a Company and posted to the procurement website.

The transactions will be under the applicable supplier contract posted on the procurement website and suppliers may not rely on any existing supplier contract previously executed with a Company.

For the Part 1 Proposal, a Bidder will be asked to provide all information necessary for the preparation of the applicable supplier contract documents by completing the applicable Insert.  If a Bidder fails to submit the Insert for a procurement event, the Officer of the Bidder must acknowledge that, if the Procurement Administrator notifies the Bidder that the Bidder has Bids that are identified as winning Bids to the ICC for the procurement event, the Bidder will be required to provide all necessary information by 12 PM (noon) CPT on the day after such notification is received. The Officer of the Bidder makes such acknowledgment by completing the applicable Contract Delay Insert prepared for this purpose. The applicable Contract Delay Insert is submitted by email or by upload to the online Part 1 Form.

The applicable supplier contract documents are prepared by the Company after the Procurement Administrator notifies the Bidder that the Bidder has Bids that are identified as winning Bids to the ICC for a procurement event. If such Bidder relies on the financial standing of an RFP Guarantor, ComEd will prepare the Guaranty for execution as well.  For AIC and MEC, such Bidder will be responsible for preparation and delivery of the Guaranty.

You are correct that Appendix A has been added to the Form of Guaranty so that the obligations of Seller under several agreements may constitute Guaranteed Obligations covered by the single Guaranty. As such, there will be a single Guaranty to cover the credit exposure of Seller across the agreements listed in Appendix A. In this case, the amount of the Guaranty needs to be specified in Section 1 of this new Guaranty. The Guaranty amount should be no more than the Collateral Threshold Amount applicable to the Guarantor provided in Section I, Subsection A of Paragraph 10 to the Collateral Annex as amended in the Cover Sheet. For example, if the Guarantor is rated BBB- by S&P and Fitch and Baa3 by Moody’s, then the Guaranty amount to be indicated in the new Guaranty should be no greater than the Maximum Collateral Threshold Amount, which is the lower of 6% of the Guarantor’s tangible net worth and $20,000,000.

The instructions for submission of the Bid Participation Fee will be provided to bidders along with login credentials (March 14, 2018 for the Spring 2018 BEC RFP).

The Spring 2018 Part 1 Form will be made available to Bidders the morning of March 15, 2018. The Part 1 Window runs from March 15, 2018 until 12 PM (noon) Central on March 22, 2018 (the Part 1 Date).

The Procurement Administrator does not make documents posted as PDFs to the procurement website available in Microsoft Word format.

No. The benchmarks, as well as the methodology used to develop the benchmarks, are confidential.

No, bilateral credit is not envisaged under the supplier contracts for the energy procurement events or the capacity procurement event.  As such, the credit and collateral requirements under the applicable supplier contracts applies only to Seller but not to Buyer.

Please send an email to the Procurement Administrator requesting the banking information. In your email, please specify the procurement event for which you would like to receive the banking information.

The AIC Capacity Inserts are numbered correctly. Slide 42 of the webcast slides posted to the procurement website has been updated to include the correct numbering.

Yes, this is correct. Only ZRCs from outside the compliance zone are subject to payment adjustments under the term of the (AIC) Capacity Agreement.

Under the terms of the (AIC) Capacity Agreement, payments to Seller will only be adjusted to reflect an increased payment if the Source Zone ACP is greater than the Compliance Zone ACP where the Compliance Zone is LRZ4. For purposes of the below example, the “ACP” refers to the Auction Clearing Price from the 2019/2020 MISO Planning Resource Auction and the Compliance Zone is LRZ4. See below for a hypothetical example.

No. of ZRCs won by Seller: 25 ZRCs from Zone 3

Average Winning Bid Price under the (AIC) Capacity Agreement: $50/MW-day

Payment to Seller = $50 x 25 ZRCs x 365 = $456,250

MISO 2019/2020 PRA Results:

LRZ 4 ACP = $30/MW-day

LRZ 3 ACP = $100/MW-day

Adjustment to Payment = ($100 – $30) x 25 ZRCs x 365 = $638,750

Adjusted Payment = $456,250 + $638,750 = $1,095,000

Under the terms of the (AIC) Capacity Agreement, payments to Seller will be reduced if the Compliance Zone ACP is greater than the Source Zone ACP where the Compliance Zone is LRZ4. If the amount of the payment reduction is greater than the unadjusted payment, then Seller (not Buyer) will have to pay Buyer under the (AIC) Capacity Agreement.  We provide 2 examples below to illustrate this point.

For purposes of the below example, the “ACP” refers to the Auction Clearing Price from the 2019/2020 MISO Planning Resource Auction and the Compliance Zone is LRZ4.

Example 1:  Where the adjustment results in a reduced payment from Buyer to Seller.

No. of ZRCs won by Seller: 25 ZRCs from Zone 3

Average Winning Bid Price under the (AIC) Capacity Agreement: $90/MW-day

Payment to Seller = $90 x 25 ZRCs x 365 days = $821,250

MISO 2019/2020 PRA Results:

LRZ 4 ACP = $100/MW-day

LRZ 3 ACP = $30/MW-day

Adjustment to Payment = – ($100 – $30) x 25 ZRCs x 365 days = – $638,750

Adjusted Payment = $821,250 – $638,750 = $182,500

Example 2:  Where the adjustment results in payment from Seller to Buyer.

No. of ZRCs won by Seller: 25 ZRCs from Zone 3

Average Winning Bid Price under the (AIC) Capacity Agreement: $50/MW-day

Payment to Seller = $50 x 25 ZRCs x 365 days = $456,250

MISO 2019/2020 PRA Results:

LRZ 4 ACP = $100/MW-day

LRZ 3 ACP = $30/MW-day

Adjustment to Payment = – ($100 – $30) x 25 ZRCs x 365 days = – $638,750

Adjusted Payment = $456,250 – $638,750 = – $182,500 (i.e., payment from Seller to Buyer)

Yes. The entity on whose financial standing the Bidder relies need only be rated by one of S&P Global Ratings (“S&P”), Moody’s Investors Service (“Moody’s”), or Fitch Ratings (“Fitch”), provided that they meet the minimum rating requirements of the supplier contracts. The minimum ratings are “BBB-” from S&P, “Baa3” from Moody’s, and “BBB-” from Fitch. The maximum amount of unsecured credit that could be granted to a party would be based on the party’s credit rating and tangible net worth.

There is no process for review of draft Pre-Bid Letters of Credit prior to issuance.  A Pre-Bid Letter of Credit submitted for a procurement event must be in the form of the Standard Pre-Bid Letter of Credit for a procurement event or incorporate only modifications approved by a Company and posted to the procurement website. Please check whether the modifications made by your bank are included in the list of modifications posted to the Final Materials page of the Spring Block Energy and Capacity section of the procurement website.

The instructions for submission of the Bid Participation Fee were provided to bidders along with login credentials on March 14, 2018. Please email the Procurement Administrator should you wish to receive the instructions to submit the Bid Participation Fee.

No. Section 3 of the Part 1 Form, Financial Requirements, only requires that you provide financial information for the Entity on whose financial standing the Bidder relies. In your case, you would provide the financial information for the Guarantor.

The Fourth Item of Section 1, Contact Information, of the online Part 1 Form allows the Bidder to provide the name, title, and contact information of up to three (3) individuals who are designated by the Officer of the Bidder or the Representative as Nominee(s) to receive communications from the Procurement Administrator by providing the Nominee Insert (#P1-2). The Nominee Insert must be completed and signed by the Officer of the Bidder or the Representative. Please note that the Representative of the Bidder should not be named a Nominee.

The Illustrative Part 1 Form posted to the Final Materials page of the Spring Block Energy and Capacity section of the procurement website, while illustrative only, can be a useful guide for completing the online Part 1 Form.

On February 20, 2018 the Procurement Administrator posted redlines between the draft supplier contracts for the Spring 2018 procurement events and the final supplier contracts from the Fall 2017 procurement events. These documents are available on the Draft Documents page of the Spring Block Energy and Capacity section of the procurement website. On March 13, 2018 the Procurement Administrator posted redlines between the draft supplier contracts and the final supplier contracts for the Spring 2018 procurement events for those documents for which minimal changes were made. These documents are available on the Final Materials page of the Spring Block Energy and Capacity section of the procurement website.

If you provide evidence of payment (i.e., a copy of the check) through Section 2 of the online Part 1 Form, you will have fulfilled the requirements of that section, but your Part 1 Proposal will remain deficient until the IPA has confirmed receipt of your Bid Participation Fee.  As further information, we would appreciate receiving the tracking number for the package and proof that the package was sent (and, to the extent that your Proposal is otherwise deficient when we receive this information, you will be provided additional time to cure all deficiencies of the Proposal).

Please assess whether it is possible that the overnight delivery service that you are using would fail to deliver the Bid Participation Fee to the IPA by the date at which the Procurement Administrator qualifies Bidders and sends the Part 1 Notifications (Tuesday, March 27).  A Bidder always has the option to use e-pay for the payment of the Bid Participation Fee (at which point, if your check is eventually received by the IPA, the check will be destroyed or returned to you).

The Block Energy and Capacity RFP is for the purchase of wholesale power by the utilities.

For the solicitation of energy blocks, all on-peak hours in a given month constitute the “On-Peak Segment” for that month and all off-peak hours of that month constitute the “Off-Peak Segment” for that month. A “Product” is a constant quantity of energy to be supplied to a Company (Ameren Illinois, ComEd, or MEC) at the delivery point specified by that Company in either the On-Peak Segment or the Off-Peak Segment of a specific month.

A successful Bidder that becomes a Seller to a Company provides a constant amount of energy to that Company corresponding to the sum of the number of blocks won of the Product for that Segment of that month, and the number of blocks won of any Combination that includes that Segment of that month, times 25 MW. For each Segment of each month, the price paid to the Seller is the average of the Seller’s own approved Bids for all blocks of that Product and for all blocks of a Combination that includes that Segment of that month.

For the solicitation of capacity for Ameren Illinois, the “Product” consists of annual Zonal Resource Credits (“ZRCs”), as such term is defined in MISO’s Business Practice Manuals and MISO’s Open Access Transmission, Energy and Operating Reserve Market Tariff for the 2019-2020 Planning Year. A successful Bidder that becomes a Seller delivers the contracted quantity of ZRCs by submitting the appropriate transactions in the Module E Capacity Tracking Tool. The amount paid to the Seller is the average of the Seller’s own approved Bids for all ZRCs in the Planning Year, in $/MW-Day, multiplied the number of ZRCs delivered, multiplied by the number of calendar days in the Planning Year. If any of the ZRCs that are delivered are not located in Local Resource Zone 4, which is the zone in which AIC capacity obligations reside, the payment to the Seller is adjusted as specified in the applicable supplier contract.

Please review the details of the applicable supplier contracts and the RFP Rules on the “Spring Block Energy and Capacity” tab of the procurement website.

The Form W-9 for each Company is available upon request from the Procurement Administrator. Please send your request via email and please indicate the Company or Companies for which a W-9 is required.

Please see Paragraphs V.2.3, V.3.3, V.4.3, and V.5.2 of the RFP Rules for delivery addresses for the Pre-Bid Letter of Credit for AIC Energy, ComEd, MEC, and AIC Capacity respectively.

No. Bidders are not provided with a list of other Bidders at any point.

However, in accordance with the Act and ICC Orders, information listed in Paragraph VI.2.15 of the RFP Rules, as pasted below, will be made public at the time of the ICC approval of a procurement event:

• For the procurement of Energy Products for a Company: (i) the names of successful Bidders; (ii) the load-weighted average of the winning Bids for each Segment of each month; (iii) the load-weighted average of the winning Bids for each Product and for each Combination; (iv) the number of megawatts awarded for each Segment of each month, provided that there are at least three (3) successful Bidders; and (v) the number of megawatts awarded for each Product and for each Combination, provided that there are at least three (3) successful Bidders.
• For the procurement of the Capacity Product for AIC: (i) the names of successful Bidders; (ii) the average of the winning Bids; and (iii) the number of ZRCs awarded, provided that there are at least three (3) successful Bidders.

The online Part 2 Form is made available to Bidders on Wednesday, March 28, 2018 at the beginning of the business day.

Final Targets were provided to Bidders with their Part 1 Notifications on March 27, 2018. The final Targets will be posted to the Final Materials page of the Spring Block Energy Capacity page of the procurement website by the Part 2 Date.

No, cash cannot be used in place of a Pre-Bid Letter of Credit. With the Part 2 Proposal, a Bidder must submit an executed Pre-Bid Letter of Credit for the procurement event(s) in which the Bidder is participating.  Bidders must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Pre-Bid Letter of Credit must incorporate only those modifications to the Standard Pre-Bid Letter of Credit approved by a Company and posted to the procurement website.

If a supplier bids on all Products and all Combinations for a Company in a block energy procurement event, the maximum number of blocks (with each block representing a given Segment and month) that a supplier could win is equal to the sum of the individual monthly targets.   These are maximums on the number of blocks that a supplier may win, whether the supplier wins these months/segments as a result of submitting Bids on individual Products or as a result of submitting Bids on Combinations.

Bidders had the opportunity to provide comments on or propose modifications to the changes that were made to the Standard Post-Bid Letter of Credit for AIC Energy Products as well as the Standard Post-Bid Letter of Credit for the AIC Capacity Product relative to the previously used Standard Post-Bid Letters of Credit during the Part 1 Window. No changes were made to the Letters of Full Transfer (Schedules 1, 2, and 3) relative to the previously used Letters of Full Transfer. Thus there is no opportunity for proposing modifications to the Letters of Full Transfer for the Spring 2018 procurement event.

Your bank can issue an amendment to the Pre-Bid Letter of Credit that corrects the error and send this amendment to the Company.

You are locked out of the online Part 2 Form because you have submitted all portions of the Part 2 Proposal that are reviewed by the Procurement Administrator. The Pre-Bid Letters of Credit are to be sent directly to the Companies in accordance with the instructions provided to you. A scanned copy of an executed Pre-Bid Letter of Credit is not a requirement of the Part 2 Proposal. If you wish to provide scans and you do not have an email address for one or more of the Companies, please request them from the Procurement Administrator via email.

A requirement of the Proposal is that Bidders bid independently and maintain the confidentiality of their Proposals.  The Officer of the Bidder must make a number of certifications in the Part 2 Proposal, including that: (i) the Bidder is bidding independently and that it has no knowledge of any Proposal submitted for the procurement event by another Bidder in response to the Block Energy and Capacity RFP (“BEC RFP”); and (ii) the Bidder has maintained and will continue to maintain the confidentiality of its Proposal during the preparation of the Proposal.  To ensure that the Officer of the Bidder can make these certifications, it is essential for your bank not to provide you with information related to another Bidder’s Proposal.   To that end, you should require that the representatives from your bank not provide any information to you regarding other entities in case such entities are also submitting Proposals in the procurement events under the BEC RFP. The Procurement Administrator can also contact a representative from the bank on your behalf.

Any amendment required by a Company should be sent directly to that Company at the address used to send the original executed Pre-Bid Letter of Credit.

A Pre-Bid Letter of Credit in an amount of at least $2,180,000 allows a Bidder to bid on all Blocks available for AIC’s Energy Products. A Pre-Bid Letter of Credit in an amount of at least $7,115,000 allows a Bidder to bid on all Blocks available for ComEd’s Energy Products. A Pre-Bid Letter of Credit in an amount of at least $165,000 allows a Bidder to bid on all Blocks available for MEC’s Energy Products.

You may change the amount of your Pre-Bid Letter of Credit for a Company’s Energy Products by issuing an amendment to reflect the desired amount. Any amendment changing the amount of the Pre-Bid Letter of Credit for a Company’s Energy Products should be sent directly to that Company at the address used to send the original executed Pre-Bid Letter of Credit.

All representations and certifications required by the Block Energy and Capacity RFP, including those in the Part 1 Proposal and the Part 2 Proposal, must be made by a single individual who is an Officer of the Bidder. An Officer of the Bidder is an individual empowered to undertake contracts and bind the Bidder.

Please name another individual with the appropriate qualifications to serve as Officer of the Bidder by updating the first item of Section 1, Contact Information. The new Officer of the Bidder will, in addition to making all certifications of the Part 2 Proposal, be required to make all certifications of the Part 1 Proposal and submit these with the Part 2 Proposal.

Yes. The Targets included in the Bid Forms attached to Bidders’ Part 1 Notifications are the Final Targets.

The Supplier Fees are the following:

$ 178 per on-peak block

$ 118 per off-peak block

$ 20 per ZRC

As specified in the IPA’s 2018 Procurement Plan, an AIC Capacity procurement event will be held in Fall 2018 to procure up to 50% of AIC’s capacity requirements for the 2019-2020 Delivery Year. A schedule of events is not yet available.

An invoice will be provided to you directly by the IPA.

Please contact the Company for any question that relates to the contract execution process.

The evaluation of Bids for the procurement of the Capacity Product for AIC proceeds in two steps.  In the first step, all Bids that fail to meet the benchmarks are eliminated.  In the second step, the Procurement Administrator evaluates the Bids that meet or beat the benchmarks and selects the lowest priced Bids.  The outcome of this procedure was that only a portion of the ZRC Target was filled.

As specified in the Commission Order, additional capacity will be procured in the Fall procurement event given that the Spring procurement event fails to procure 25% of AIC’s capacity requirement for the 2019-2020 planning year.