If the Seller is an Equity Eligible Contractor and has already been approved by the IPA as an Equity Eligible Contractor through the Adjustable Block Program, the Bidder must provide evidence of such approval by email to the Procurement Administrator or by upload to the application website, no additional approval process is required to be … Continue reading If the Bidder is an Equity Eligible Contractor under the IPA’s Adjustable Block Program do they need to qualify separately to be approved as an Equity Eligible Contractor for this Indexed REC Procurement?
Archives
Indexed REC-43: If a Project is operational as of the Part 1 Date is it still eligible to participate?
A Project that first started operations on or before June 1, 2017 is not eligible to participate in this RFP. If the Project is operational as of the submission of the Part 1 Proposal, the Date of First Operation of the Project must be provided and such date cannot have occurred on or before June … Continue reading If a Project is operational as of the Part 1 Date is it still eligible to participate?
Indexed REC-39: Can a Bidder submit a Proposal for a Project and also be the guarantor in another Proposal for a Project submitted by a different Bidder or Seller?
In accordance with Section V.3. of the RFP Rules, as a necessary part of preparing the Proposal, the Seller may discuss material information relating to the Proposal with the Bidder, with Owners, or with other Sellers whose Projects are presented by the Bidder. Furthermore, the Seller or Bidder may communicate with a financial institution for … Continue reading Can a Bidder submit a Proposal for a Project and also be the guarantor in another Proposal for a Project submitted by a different Bidder or Seller?
BEC-29: Can a bidder still submit a Proposal to participate in the AIC Capacity procurement event even if the deadlines to submit the Part 1 and Part 2 Proposals for that event have passed?
In order to qualify to participate in the AIC Capacity procurement event, bidders must submit a successful Part 1 Proposal and a Part 2 Proposal. The deadline to submit a Part 1 Proposal was March 27, 2023 and the deadline to submit a Part 2 Proposal was April 11, 2023. No late Part 1 or … Continue reading Can a bidder still submit a Proposal to participate in the AIC Capacity procurement event even if the deadlines to submit the Part 1 and Part 2 Proposals for that event have passed?
BEC-15: Is the Bidder required to meet a certain credit rating threshold in order to participate in the RFP?
It is not a condition of participation in the RFP that the Bidder itself meet a certain credit rating threshold or that the Bidder rely on the financial standing of a Guarantor that meets a certain credit rating threshold. Under the applicable supplier agreement, the Bidder or a Guarantor, if applicable, may be granted unsecured … Continue reading Is the Bidder required to meet a certain credit rating threshold in order to participate in the RFP?
BEC-14: Is a Bidder required to submit credit ratings and financial information for the Entity on whose financial standing it is relying in the Part 1 Proposal?
In its Part 1 Proposal, a Bidder must provide, for the Entity on whose financial standing it is relying, any available ratings, including the type of rating, from the following rating agencies: S&P Global Ratings (“S&P”), Moody’s Investors Service (“Moody’s”), and Fitch Ratings (“Fitch”). In its Part 1 Proposal, a Bidder, must provide certain financial … Continue reading Is a Bidder required to submit credit ratings and financial information for the Entity on whose financial standing it is relying in the Part 1 Proposal?
Indexed REC-24: Is there any negotiation period to discuss the letter of credit redlines before the final list of acceptable modifications are released? What is the general review process with the Companies?
The process to provide comments on, or propose modifications to, each of the Standard Pre-Bid Letters of Credit and Standard Post-Bid Letters of Credit does not include a negotiation period to discuss directly with a Company or the Procurement Administrator. The process during the Part 1 Window proceeds generally as follows. The Bidder provides comments … Continue reading Is there any negotiation period to discuss the letter of credit redlines before the final list of acceptable modifications are released? What is the general review process with the Companies?
Indexed REC-23: What are the Proposal requirements for a Project to qualify for the bid evaluation price reduction related to the Energy Transition Community Grant Program? Can all three categories of Project Qualify? What are the eligible Energy Transition Community Grant Areas?
If the Project is a Utility-Scale Solar Project or a Utility-Scale Wind Project and the Project site is located entirely within an Energy Transition Community Grant Area identified in Appendix 16 to the RFP Rules, then the Project will qualify for the bid evaluation price reduction described in paragraph I.2.11 of the DRAFT Summer 2023 … Continue reading What are the Proposal requirements for a Project to qualify for the bid evaluation price reduction related to the Energy Transition Community Grant Program? Can all three categories of Project Qualify? What are the eligible Energy Transition Community Grant Areas?
Indexed REC-22: Is an executed option to lease the Project site, or a similar document, acceptable to demonstrate site control under the RFP Rules?
Paragraph IV.6.2 of the DRAFT Summer 2023 Indexed REC RFP Rules lists acceptable documentation to demonstrate site control. An executed option, between the Bidder (Seller or an affiliate of Seller) and the Owner or Owners, with a unilateral right to lease or purchase the Project site would be acceptable. Other documentation demonstrating a right to … Continue reading Is an executed option to lease the Project site, or a similar document, acceptable to demonstrate site control under the RFP Rules?
BEC-8: If we paid the Bid Participation Fee for the Early 2023 Capacity RFP do we need to pay again for the Spring 2023 Block Energy and Capacity RFP?
A Bidder that paid a Bid Participation Fee pursuant to its participation in a prior 2023 procurement event, such as the Early 2023 Capacity RFP, is not required to pay the Bid Participation Fee for the Spring 2023 BEC RFP.