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Indexed REC-35: How does a Project located in a state adjacent to Illinois become pre-approved by the IPA to be eligible for Illinois RPS compliance?

A Project located in a state adjacent to Illinois must complete and submit an eligibility request spreadsheet to the Illinois Power Agency (“IPA”) and the IPA will determine whether the Project meets the public interest criteria in the Act and has been pre-approved to be eligible for Illinois RPS compliance. The evaluation spreadsheet is available … Continue reading How does a Project located in a state adjacent to Illinois become pre-approved by the IPA to be eligible for Illinois RPS compliance?

Indexed REC-27: Can a Bidder submit a Part 1 Proposal for a Project and ultimately not move forward with submitting a Part 2 Proposal? Are we required to notify the Illinois Power Agency if we decide not to submit a Part 2 Proposal for a Project?

A Bidder may submit a Part 1 Proposal for a Project, and later decide to not submit a Part 2 Proposal for that Project. If a Bidder ultimately decides not to present a Part 2 Proposal for a Project that qualified through a successful Part 1 Proposal, such Bidder should notify the Procurement Administrator by … Continue reading Can a Bidder submit a Part 1 Proposal for a Project and ultimately not move forward with submitting a Part 2 Proposal? Are we required to notify the Illinois Power Agency if we decide not to submit a Part 2 Proposal for a Project?

Indexed REC-15: What are the requirements to demonstrate adequate project maturity?

Please note, in the Part 1 Proposal, the Officer of the Seller is required to make a representation that the Project has reached the appropriate development milestones to fully expect that the Project will deliver its first REC to each Company by a date consistent with terms of the Indexed REC Contract. In the Part … Continue reading What are the requirements to demonstrate adequate project maturity?

Indexed REC-14: Are all required materials for the Part 1 and Part 2 Proposal submitted through the same online form?

The Part 1 Proposal for a Project consists of the completed online Part 1 Form as well as all documents required by the online Part 1 Form. The Part 2 Proposal for a Project consists of the completed online Part 2 Form, the submission of bid assurance collateral, the submission of any other document required … Continue reading Are all required materials for the Part 1 and Part 2 Proposal submitted through the same online form?

Indexed REC-6: Can a project located in an adjacent state to Illinois that has already received pre-approval by the IPA to be eligible for Illinois RPS compliance participate in this Indexed REC RFP?

A Project that is located in a state adjacent to Illinois may qualify to participate in the Indexed REC RFP if it meets the public interest criteria specified in Section 1-75(c)(1)(I) of the IPA Act by submitting data about the Project to the IPA and obtaining pre-approval from the IPA that the Project is eligible … Continue reading Can a project located in an adjacent state to Illinois that has already received pre-approval by the IPA to be eligible for Illinois RPS compliance participate in this Indexed REC RFP?

BEC-27: If I choose to rely on the financial standing of a Guarantor with the Part 1 Proposal, am I required to submit a letter of intent to provide a guaranty as part of my bid assurance collateral with the Part 2 Proposal?

With the Part 2 Proposal, a Bidder that intends to submit Bids for a procurement event must submit bid assurance collateral in the form of either cash or an executed Pre-Bid Letter of Credit to that Company for that procurement event in an amount sufficient to support the Bids. A letter of intent to provide … Continue reading If I choose to rely on the financial standing of a Guarantor with the Part 1 Proposal, am I required to submit a letter of intent to provide a guaranty as part of my bid assurance collateral with the Part 2 Proposal?

BEC-26: Can you provide an overview of the financial requirements of the Part 1 Proposal?

Financial requirements of the Part 1 Proposal are described in Section IV.3 of the RFP Rules and are summarized below. In its Part 1 Proposal, a Bidder must name the Entity on whose financial standing the Bidder is relying. The Bidder can either: (a) enter the name of the Bidder, indicating that the Bidder is … Continue reading Can you provide an overview of the financial requirements of the Part 1 Proposal?

BEC-24: Is a bidder required to submit evidence that it is an Aggregator of Retail Customers in order to qualify to participate in the AIC Capacity procurement event?

A bidder is not required to submit evidence that it is an Aggregator of Retail Customers in order to qualify to participate in the AIC Capacity procurement event. As part of the Proposal, a bidder will be required to certify that it has all regulatory authorizations necessary for it to legally perform its obligations under … Continue reading Is a bidder required to submit evidence that it is an Aggregator of Retail Customers in order to qualify to participate in the AIC Capacity procurement event?