Archives

Indexed REC-58: What is the required bid assurance collateral amount for utility-scale solar projects located in the ComEd territory? Are we required to submit bid assurance collateral to all three companies?

The amount of bid assurance collateral required for a Project is determined separately for each Company as detailed below.  For the Bidder to be able to submit Bids on its Projects, the Bidder must have submitted bid assurance collateral to all three (3) Companies in an amount that is sufficient given the aggregate size of … Continue reading What is the required bid assurance collateral amount for utility-scale solar projects located in the ComEd territory? Are we required to submit bid assurance collateral to all three companies?

Indexed REC-55: How should a Bidder that is providing cash as bid assurance collateral for AIC and MEC submit AIC’s Supplier Request Form and MEC’s Vendor Request Form?

A Bidder that provides cash as bid assurance collateral for AIC and MEC may provide AIC’s “Supplier Request Form” and MEC’s “Vendor Request Form” with the Part 2 Proposal by upload to the online Part 2 Form or by email to Illinois-RFP@nera.com.  AIC’s Supplier Request Form and MEC’s Vendor Request Form are required to be … Continue reading How should a Bidder that is providing cash as bid assurance collateral for AIC and MEC submit AIC’s Supplier Request Form and MEC’s Vendor Request Form?

Indexed REC-51: Our Guarantor was not formed or organized under the laws of a state of the United States or the District of Columbia, but met the additional requirements described under Exhibit E-4 to the Indexed REC Contract in a previous procurement event. Can we re-certify the Guarantor as described under Exhibit E-4 or are we required to repeat the approval process anew under the Indexed REC RFP?

If an Opinion was provided and accepted by ComEd in a prior procurement event, the proposed Guarantor may re-certify its status under the Indexed REC RFP in lieu of repeating the process as long as there have been no changes that would have altered that Opinion. To re-certify, the proposed Guarantor must provide a current … Continue reading Our Guarantor was not formed or organized under the laws of a state of the United States or the District of Columbia, but met the additional requirements described under Exhibit E-4 to the Indexed REC Contract in a previous procurement event. Can we re-certify the Guarantor as described under Exhibit E-4 or are we required to repeat the approval process anew under the Indexed REC RFP?

Indexed REC-40: What is the relationship between the annual quantity indicated in our bid and the annual quantity in the Indexed REC Contract? Also, how is the Maximum Contract Quantity under the Indexed REC Contract determined?

First, if you bid and win in the RFP, the RECs from your winning Project will be allocated by the Procurement Administrator to the Companies in pre-specified proportions (27.793% to AIC, 71.925% to ComEd, and 0.282% to MEC). As such, it is contemplated that you will sign three contracts, one with each of AIC, ComEd … Continue reading What is the relationship between the annual quantity indicated in our bid and the annual quantity in the Indexed REC Contract? Also, how is the Maximum Contract Quantity under the Indexed REC Contract determined?

BEC-20: What additional documentation am I required to submit if we elect to use a digital signature for purposes of completing the Inserts accompanying the Part 1 Proposal and the Part 2 Proposal? Do I need to submit more than one document as part of the additional documentation?

You are only required to submit a single document verifying the signatory should you elect to use a digital signature for purposes of completing the Inserts. This additional documentation may include: • a certificate of completion if the signatory uses DocuSign; • a Final Audit Report if the signatory uses Adobe Sign; • evidence that … Continue reading What additional documentation am I required to submit if we elect to use a digital signature for purposes of completing the Inserts accompanying the Part 1 Proposal and the Part 2 Proposal? Do I need to submit more than one document as part of the additional documentation?

BEC-16: Are we able to complete the Inserts required under the Part 1 Proposal and the Part 2 Proposal using scanned wet signatures?

You may use scanned wet signatures for purposes of completing the Inserts. An Insert must be sent by email by the signatory or with the signatory on copy if you complete an Insert using a scanned wet signature. Alternatively, an Insert may be digitally signed using an Acceptable Digital Signature as defined in Paragraph I.4.4 … Continue reading Are we able to complete the Inserts required under the Part 1 Proposal and the Part 2 Proposal using scanned wet signatures?

BEC-9: We intend to rely on the financial standing of a Foreign Entity as RFP Guarantor in the ComEd procurement event and understand that we must submit the following additional documents: (1) A legal opinion of counsel qualified to practice law and render legal opinions in the foreign jurisdiction in which the Foreign Entity is formed or organized; and (2) A sworn certificate of the corporate secretary (or similar officer) of the Foreign Entity that the person executing the Guaranty on behalf of the Foreign Entity has the authority to execute the Guaranty and that the governing board of such Foreign Entity has approved the execution of the Guaranty; and (3) A sworn certificate of the corporate secretary (or similar officer) of such Foreign Entity that the Foreign Entity has been authorized by its governing board to enter into agreements of the same type as the Guaranty. What is the timeline for the submission of the documents required of the Foreign Entity as RFP Guarantor?

A Bidder that intends to bid on ComEd and is relying on a Foreign Entity as RFP Guarantor must submit the documents referenced in your question with the Part 2 Proposal. A Bidder may, but is not required to, submit a draft of such documents with its Part 1 Proposal. If a Bidder submits a … Continue reading We intend to rely on the financial standing of a Foreign Entity as RFP Guarantor in the ComEd procurement event and understand that we must submit the following additional documents: (1) A legal opinion of counsel qualified to practice law and render legal opinions in the foreign jurisdiction in which the Foreign Entity is formed or organized; and (2) A sworn certificate of the corporate secretary (or similar officer) of the Foreign Entity that the person executing the Guaranty on behalf of the Foreign Entity has the authority to execute the Guaranty and that the governing board of such Foreign Entity has approved the execution of the Guaranty; and (3) A sworn certificate of the corporate secretary (or similar officer) of such Foreign Entity that the Foreign Entity has been authorized by its governing board to enter into agreements of the same type as the Guaranty. What is the timeline for the submission of the documents required of the Foreign Entity as RFP Guarantor?

Indexed REC-16: Is the indicative quantity provided in the Part 2 Form binding?

The Bidder must provide in the online Part 2 Form an indicative quantity of RECs for the Project that represents what the Bidder intends to offer as the full quantity. This indicative quantity of RECs is specified as an annual quantity of RECs. The indicative quantity provided in this section is not binding in that … Continue reading Is the indicative quantity provided in the Part 2 Form binding?

Indexed REC-11: Why have the bid assurance collateral requirements increased from prior procurement events?

One objective of the bid assurance collateral is for the bidder to show that the bidder will be able to meet the Collateral Requirement under the Indexed REC Contract. Not meeting the Collateral Requirement would lead to supplier default, termination of the Indexed REC Contract, and failure of the procurement event to procure the number … Continue reading Why have the bid assurance collateral requirements increased from prior procurement events?

Indexed REC-7: Are Bidders required to submit bid assurance collateral to all three (3) Companies?

For the Bidder to be able to submit Bids on all of its Projects, the Bidder must have submitted bid assurance collateral to all three (3) Companies in an amount that is sufficient given the aggregate size of the Bidder’s Projects. If the Bidder fails to provide bid assurance collateral to one or more of … Continue reading Are Bidders required to submit bid assurance collateral to all three (3) Companies?