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BEC-28: If an Insert is digitally signed, is the signature still required to be notarized?

Bidders may complete Inserts by digitally signing the Insert and providing along with the Insert an additional document or information that verifies the identity of the signatory. For Inserts that require the signature to be notarized, notarization is not required if the Insert is digitally signed. The signature line for the Notary Public may be … Continue reading If an Insert is digitally signed, is the signature still required to be notarized?

BEC-21: Is cash an acceptable alternative to the Pre-Bid Letter of Credit under the Block Energy and Capacity RFP?

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 … Continue reading Is cash an acceptable alternative to the Pre-Bid Letter of Credit under the Block Energy and Capacity RFP?

BEC-20: I note that the Standard Forms of the Pre-Bid Letters of Credit have changed and that the final Standard Forms have been posted. We have comments from our bank at this time. Can we submit them ahead of the Part 1 Window?

A Bidder may provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for a procurement event that are non-material in nature, or that clarify the intent of the Standard Pre-Bid Letter of Credit, or that are advantageous to both the Company and the Bidder.  Comments are solicited during the Part 1 … Continue reading I note that the Standard Forms of the Pre-Bid Letters of Credit have changed and that the final Standard Forms have been posted. We have comments from our bank at this time. Can we submit them ahead of the Part 1 Window?

BEC-19: Will Bidders have the opportunity to comment on the supplier contracts or the letters of credit for the procurement events under the Fall 2020 Block Energy and Capacity RFP? If yes, when is the deadline?

A Bidder may, in its Part 1 Proposal, provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for a Company.  A Bidder provides such comments by submitting a redline in Microsoft Word by email or by upload to the application website by the Part 1 Date, Thursday, August 20, 2020. The … Continue reading Will Bidders have the opportunity to comment on the supplier contracts or the letters of credit for the procurement events under the Fall 2020 Block Energy and Capacity RFP? If yes, when is the deadline?

BEC-7: Can the Procurement Administrator provide guidance regarding the additional document or information that must be provided alongside a digitally signed Insert for the purpose of verifying the identity of the signatory?

When an Insert requires a signature, it must be completed either by: (i) printing, signing, and scanning the Insert; or by: (ii) digitally signing the Insert and providing along with the Insert an additional document or information that verifies the identity of the signatory. In some cases, it will be required that the signature of … Continue reading Can the Procurement Administrator provide guidance regarding the additional document or information that must be provided alongside a digitally signed Insert for the purpose of verifying the identity of the signatory?

BEC-6: Our most recent quarterly financial information is provided in our most recent audited annual financial information. Is there other information that must be submitted along with the annual financial information?

If the latest available quarterly financial data is provided in your most recent audited annual financial information, no additional information is required.  Please indicate in your online Part 1 Form that the quarterly information contained within your most recent audited annual financial information is the most recent quarterly financial data.

BEC-4: I notice that the supplier (and not the utility) is named as the “Regulated Entity” in the Supplement. Can you confirm that this is correct? How would I check whether an entity is a “Regulated Entity” under the ISDA 2018 U.S. Resolution Stay Protocol?

The identification of the Parties in the Supplement is correct. Each of AIC, ComEd, and MEC is an Adhering Party (but not a Regulated Entity) under the ISDA 2018 U.S. Resolution Stay Protocol (“ISDA Stay Protocol”).  A supplier that is a “Regulated Entity” under the ISDA Stay Protocol has the option to execute the Supplement … Continue reading I notice that the supplier (and not the utility) is named as the “Regulated Entity” in the Supplement. Can you confirm that this is correct? How would I check whether an entity is a “Regulated Entity” under the ISDA 2018 U.S. Resolution Stay Protocol?