Please email the Procurement Administrator at Illinois-RFP@nera.com to receive these documents.

The Issuing Bank may request that the Pre-Bid Letter of Credit for a Company be cancelled before the Expiration Date but after the ICC renders its decision on the results of a procurement event if either: 1) the Bidder is a winning Bidder, the applicable supplier contract and related documents have been executed, the Bidder has met the credit requirements under the applicable supplier contract, and the Bidder has completed payment of the Supplier Fees due to the Illinois Power Agency; or 2) the Bidder is not a winning Bidder. Please see paragraph VI.2.18 for additional information on deadlines related to the Post-Bid Process.

The Issuing Bank should send such request for cancellation by email to the email addresses provided in the applicable Pre-Bid Letter of Credit for a Company. A Company will cancel the Pre-Bid Letter of Credit by sending an electronic PDF file of Annex 3 Certificate of Cancellation executed by an Authorized Officer of the Company.

Only minor changes were made to the Confirmation Sheet for ComEd between the Spring 2021 BEC RFP and the Fall 2021 BEC RFP. All other contract documents remain unchanged.

Please see the document entitled “Redline (Spring 2021 vs Fall 2021) Confirmation Sheet – Sample (July 20, 2021)” posted to the Final Materials page of the Block Energy and Capacity Section of the RFP website for the changes made between the Confirmation Sheet for ComEd.

Beginning with this Fall 2021 BEC bidders do not provide the number of blocks they intend to bid for across all segments and months for a Company by expressing an indicative quantity in the Part 2 Form. The number of blocks a bidder is eligible to bid for across all segments and months for a Company is determined by the Pre-Bid Letter of Credit for a Company.

The bidder must calculate the amount required for the Pre-Bid Letter of Credit for a Company, which is the greater of $5,000 times the number of blocks that a bidder intends to bid across all segments and months or $250,000.

The Procurement Administrator will include in a notice to bidders the number of blocks a bidder’s Pre-Bid Letter of Credit for a Company supports.

Bid assurance collateral must be provided in the form of a letter of credit.  The Bidder must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Bidder must submit a Pre-Bid Letter of Credit that incorporates only those modifications to the Standard Pre-Bid Letter of Credit approved by a Company and posted to the procurement website.

A bank that has a rating of “A-” from S&P is not acceptable as an Issuing Bank for the Pre-Bid Letter of Credit.  As specified in Paragraph 14 of the Pre-Bid Letter of Credit, if a bank is rated by S&P, the bank must be rated “A” or better.

Please email the Procurement Administrator at Illinois-RFP@nera.com regarding this request.

Please email the Procurement Administrator at Illinois-RFP@nera.com to receive this information.

Under the supplier contract, there is no generation source specified for purposes of meeting the obligations. A Product in the procurement of Block Energy is a constant quantity of energy to be supplied to a Company at the delivery point specified by that Company in either the On-peak Segment or the Off-Peak Segment of a specific month. The Target for a Product is expressed in number of 25 MW blocks. A Product in the procurement of Capacity is an annual Zonal Resource Credit, as such term is defined in MISO’s Business Practice Manuals and MISO’s Open Access Transmission, Energy and Operating Reserve Market Tariff.

In order to bid, a Bidder must meet the qualification requirements described in Sections IV and V of the RFP Rules. Notably, as fully described in Section IV, the Part 1 Proposal requirements include, but are not limited to, being a member of PJM in good standing (either as an Affiliate Member or as a Voting Member as those terms are defined by PJM) and/or a Certified Market Participant in MISO (as this term is defined by MISO).

The supplier contracts and RFP Rules are posted to the Final Materials page of the Block Energy and Capacity Procurement section of the RFP website.

Final Targets for the procurement events under the Fall 2021 Block Energy and Capacity RFP were included in the Fall 2021 Block Energy and Capacity RFP Rules posted to the RFP website on July 21, 2021. The final Targets can be found in Tables I-1, I-2, I-3, I-4, and I-5. Bidders successfully completing the Part 1 Proposal additionally receive an attachment to their Part 1 Notification that provides the final Targets for each Company as well as the amount of the Pre-Bid Letter of Credit sufficient to bid on all Products for a Company. This document is posted to the Final Materials page of the Block Energy and Capacity Procurement section of the RFP website on the Part 1 Notification Date of August 23, 2021.

The deadline to submit a Part 1 Proposal for the Fall 2021 AIC Capacity procurement event was the Part 1 Date of August 17, 2021 by 12 PM (noon) Central Prevailing Times. No late Part 1 Proposals will be accepted under any circumstances.

A Bidder that paid a Bid Participation Fee pursuant to its participation in the Spring 2021 BEC RFP, or any other prior 2021 procurement event, does not need to pay another Bid Participation Fee for the Fall 2021 BEC RFP.

All Bidders must submit a Part 1 Proposal in order to qualify to participate in the Fall 2021 BEC RFP.

The Pre-Bid Letter of Credit Instructions for each Company were distributed to Bidders on August 18, 2021.

The Final Fall 2021 ComEd Energy Master Agreement was posted to the Final Materials page of the Block Energy and Capacity Procurement section of the procurement website on July 20, 2021. The Procurement Administrator will not be soliciting comments on the ComEd Energy Master Agreement in the Fall 2021 Block Energy and Capacity RFP.

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 MISO Planning Resource Auction (“PRA”) and the Compliance Zone is LRZ4. The examples below are hypothetical. The results of the 2022/2023 MISO PRA are not yet available.

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: $18/MW-day
Payment to Seller = $18 x 25 ZRCs x 365 days = $164,250
MISO 2022/2023 PRA Results:
LRZ 4 ACP = $20/MW-day
LRZ 3 ACP = $6/MW-day
Adjustment to Payment = – ($20 – $6) x 25 ZRCs x 365 days = – $127,750
Adjusted Payment = $164,250 – $127,750 = $36,500

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: $10/MW-day
Payment to Seller = $10 x 25 ZRCs x 365 days = $91,250
MISO 2022/2023 PRA Results:
LRZ 4 ACP = $20/MW-day
LRZ 3 ACP = $6/MW-day
Adjustment to Payment = – ($20 – $6) x 25 ZRCs x 365 days = – $127,750
Adjusted Payment = $91,250 – $127,750 = – $36,500  (i.e., payment from Seller to Buyer)

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 MISO Planning Resource Auction (“PRA”) and the Compliance Zone is LRZ4. The example below is hypothetical. The results of the 2022/2023 MISO PRA are not yet available.

No. of ZRCs won by Seller: 25 ZRCs from Zone 3
Average Winning Bid Price under the (AIC) Capacity Agreement: $10/MW-day
Payment to Seller = $10 x 25 ZRCs x 365 = $91,250
MISO 2022/2023 PRA Results:
LRZ 4 ACP = $6/MW-day
LRZ 3 ACP = $20/MW-day
Adjustment to Payment = ($20 – $6) x 25 ZRCs x 365 = $127,750
Adjusted Payment = $91,250 + $127,750 = $219,000

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

Regardless of whether the two entities share the same parent entity, the new entity would be required to pay the Bid Participation Fee in this Fall 2021 BEC RFP in order to complete the Part 1 Proposal. Also, a Bidder that is not a Seller under the (AIC) Confirmation Agreement, or under the (ComEd) Master Agreement, or under the (AIC) Capacity Agreement pursuant to winning Bids in a procurement event under the BEC RFP or the Standard Products RFP in 2016 or later must provide evidence that it is an Affiliate Member or a Voting Member in PJM and/or that it is a Certified Market Participant in MISO.

Beginning with this Fall 2021 BEC RFP, contact and credit information submitted through the online Part 1 Form will no longer be pre-populated for returning Bidders and all Bidders will be required to complete this information in each RFP. Additionally, no Inserts will be retained between RFPs. Thus, the two items in the prior paragraph are the only additional requirements for an entity that did not participate in the Spring 2021 BEC RFP and is not a Seller as described above.

Please register for an account for the new entity to access the online forms to submit a Proposal here. The individual that registers for the account will receive an email prior to the opening of the Part 1 Window with account activation instructions. The Procurement Administrator will also send instructions for accessing and completing the online qualification forms to this individual prior to the opening of the Part 1 Window.

The Procurement Administrator will not be soliciting comments on the Standard Pre-Bid Letter of Credit for ComEd in the Fall 2021 Block Energy and Capacity RFP. A Bidder that is submitting Bids for the Fall 2021 Block Energy procurement event for ComEd must, in its Part 2 Proposal, submit a Pre-Bid Letter of Credit for ComEd. The Pre-Bid Letter of Credit must be in the form of the Standard Pre-Bid Letter of Credit for ComEd or incorporate only modifications approved by ComEd as posted to the procurement website. The modifications approved by ComEd will be posted to the Final Materials page of the Block Energy and Capacity Procurement section of the procurement website by July 21, 2021.

For the Spring 2021 Block Energy and Capacity RFP, bidders did not have the option to provide special instructions for the return of the Pre-Bid Letter of Credit for Block Energy or Capacity Products. The submitted Pre-Bid Letter of Credit will expire as part of its terms in Paragraph 1.

In accordance with the Act and Commission Orders, the number of ZRCs awarded for each planning year is released provided that there are at least three (3) successful suppliers. There were two (2) winning suppliers in the Spring 2021 AIC Capacity Procurement Event; therefore, the number of ZRCs awarded will not be released.

As stated in Section 3.2 Transmission and Scheduling of the (ComEd) Master Agreement, “Seller shall arrange and be responsible for transmission service to the Delivery Point and shall Schedule or arrange for Scheduling services with its Transmission Providers, as specified by the Parties in the Transaction, or in the absence thereof, in accordance with the practice of the Transmission Providers, to deliver the Product to the Delivery Point. Buyer shall arrange and be responsible for transmission service at and from the Delivery Point and shall Schedule or arrange for Scheduling services with its Transmission Providers to receive the Product at the Delivery Point.”

Further inquiries regarding types of transmission services should be directed to PJM.

Currently, the Companies are not able to receive a hardcopy version of the Pre-Bid Letter of Credit. The Pre-Bid Letter of Credit must be sent via electronic means only. A hardcopy version should not be mailed.

Bidders may name only up to three (3) Nominees by submitting a completed Nominee Insert (#P1-2).

It is not a requirement for the bidder to be rated by any of the major rating agencies to participate in the BEC RFP. A bidder must provide all financial information required by Section 3, Financial Requirements, including credit ratings and financial documents to the extent that such information is available. You must state which information is unavailable for the bidder in Section 10, Justification of Omissions, of the Part 1 Form.

The webcast presentation and audio is posted to the Final Materials page of the RFP website.

Yes. You must pay a non-refundable Bid Participation Fee of $500 even if you only plan to bid in a single procurement event in the BEC RFP. Please note that you are only required to pay a single Bid Participation Fee for all procurement events in 2021.