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BEC-39: We participated in the Spring 2022 BEC RFP with bids due on April 18, 2022 and are a Prior P2 Bidder as that term is defined in the Supplemental Rules. Are we able to amend the Pre-Bid Letter of Credit we have in place with a Company from the April 18 Procurement Events to meet the bid assurance collateral requirements under the Supplemental RFP?

Yes. To continue using the Pre-Bid Letter of Credit submitted in the April 18 Procurement Event for a Company, a Bidder must submit an amendment to the Pre-Bid Letter of Credit. The amendment must modify the Expiration Date of the Pre-Bid Letter of Credit from May 11, 2022 to June 10, 2022. Furthermore, for AIC … Continue reading We participated in the Spring 2022 BEC RFP with bids due on April 18, 2022 and are a Prior P2 Bidder as that term is defined in the Supplemental Rules. Are we able to amend the Pre-Bid Letter of Credit we have in place with a Company from the April 18 Procurement Events to meet the bid assurance collateral requirements under the Supplemental RFP?

BEC-29: If we have Bids approved as winning Bids by the ICC, will the cash posted as bid assurance collateral be returned in full before we meet the creditworthiness requirements under the applicable supplier contract?

Cash posted as bid assurance collateral will not be netted against the creditworthiness requirements under the applicable supplier contract. Under the Block Energy and Capacity RFP, each Company initiates the return of the posted cash for a Bidder with Bids approved by the Commission once: (1) you have fully executed the applicable supplier contract and … Continue reading If we have Bids approved as winning Bids by the ICC, will the cash posted as bid assurance collateral be returned in full before we meet the creditworthiness requirements under the applicable supplier contract?

BEC-27: Our bank would like to propose modifications to the Standard Pre-Bid Letters of Credit before they are issued to a Company. Can we provide our bank’s modifications for review?

Bidders had the opportunity to provide comments on or propose modifications to the changes that have been made to the Standard Pre-Bid Letter of Credit relative to the previously used Standard Pre-Bid Letter of Credit for each Company with the Part 1 Proposal. On March 31, 2022, the Procurement Administrator posted the final lists of … Continue reading Our bank would like to propose modifications to the Standard Pre-Bid Letters of Credit before they are issued to a Company. Can we provide our bank’s modifications for review?

BEC-26: When and under what circumstances will the cash posted as bid assurance collateral for the Spring 2022 BEC RFP be returned?

All bid assurance collateral remains in place until the Commission has rendered a decision on the results of a procurement event. For Bidders with Bids approved by the Commission, bid assurance collateral remains in place until full execution of the applicable supplier contract and until payment of the Supplier Fee is received. Return of cash … Continue reading When and under what circumstances will the cash posted as bid assurance collateral for the Spring 2022 BEC RFP be returned?

BEC-24: What are the requirements to post cash as bid assurance collateral?

Bidders wishing to provide cash as bid assurance collateral must provide the following with the Part 2 Proposal: A Cash Insert for each procurement event for which the Bidder is submitting a Part 2 Proposal. The Cash Inserts require the Officer of the Bidder to make certain acknowledgements relating to the conditions for which cash … Continue reading What are the requirements to post cash as bid assurance collateral?

BEC-23: What are the instructions for submitting the Bid Assurance Collateral in order to bid on AIC Capacity Products?

A Bidder must provide financial guarantees by providing either cash or an executed Pre-Bid Letter of Credit for AIC Capacity Products, drawn for the account of the Bidder. A Pre-Bid Letter of Credit for AIC Capacity Products must be submitted to AIC and to the Procurement Administrator as an electronic PDF file via electronic means. … Continue reading What are the instructions for submitting the Bid Assurance Collateral in order to bid on AIC Capacity Products?

BEC-21: We understand that the Pre-Bid Letters of Credit must be submitted via electronic means only. Our bank, however, requires a physical address to be included in the Beneficiary block. Can you provide an address for Ameren Illinois Company, Commonwealth Edison Company, and MidAmerican Energy Company to include in the Beneficiary block for the applicable Pre-Bid Letter of Credit?

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

BEC-17: Can you provide instructions for submitting bid assurance collateral to the Companies?

Instructions for the submission of bid assurance collateral for each Company will be distributed to Bidders shortly after the Part 1 Date, which is March 25, 2022. The instructions will include both information on how to submit cash as bid assurance collateral to the Companies as well as how to transmit the Pre-Bid Letter of … Continue reading Can you provide instructions for submitting bid assurance collateral to the Companies?