The Bid Assurance Collateral Instructions for each Company were distributed to Bidders on August 16, 2022. Please contact the Procurement Administrator at Illinois-RFP@nera.com to receive these documents.
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BEC-37: Can we use inserts that we submitted in a previous procurement event to qualify for the upcoming procurement events?
No. Bidders must duly complete and submit the Inserts prepared for the specific procurement event for which the Bidder would like to qualify to participate in. The Inserts for the Fall 2022 BEC RFP were posted to the Final Materials on July 13, 2022.
BEC-31: When are the required documents for a Bidder relying on the financial standing of a Foreign Entity as RFP Guarantor and intending to bid on ComEd Products and/or Combinations required to be provided?
A Bidder that intends to bid on ComEd Products and/or Combinations and is relying on a Foreign Entity as RFP Guarantor must submit the required documents described in Schedule 2B to the Collateral Annex with the Part 2 Proposal. The Part 2 Proposal is due on Thursday, September 01, 2022. The legal opinion submitted with … Continue reading When are the required documents for a Bidder relying on the financial standing of a Foreign Entity as RFP Guarantor and intending to bid on ComEd Products and/or Combinations required to be provided?
BEC-30: For Bidders relying on the financial standing of a Foreign Entity as RFP Guarantor and intending to bid on ComEd Products and/or Combinations, is a statutory declaration an acceptable form of a sworn certificate of the corporate secretary (or similar officer) of the Foreign Entity?
The requirements applicable to foreign entities proposing to serve as a Guarantor are provided in Schedule 2B to the Collateral Annex currently posted to the Final Materials page here. Items 2 and 3 require a foreign entity to deliver: the sworn certificate of the corporate secretary (or similar or comparable officer) of such entity that … Continue reading For Bidders relying on the financial standing of a Foreign Entity as RFP Guarantor and intending to bid on ComEd Products and/or Combinations, is a statutory declaration an acceptable form of a sworn certificate of the corporate secretary (or similar officer) of the Foreign Entity?
Indexed REC-69: Can you provide an overview of the qualification standards and bidding process for utility-scale solar projects in the Indexed REC RFP?
The Indexed REC RFP will seek to procure renewable energy credits (“RECs”) from new utility-scale wind projects, new utility-scale solar projects, and new brownfield site photovoltaic projects. As defined by the Act, a utility-scale solar project means an electric generating facility that generates electricity using photovoltaic cells and that has a nameplate capacity greater than … Continue reading Can you provide an overview of the qualification standards and bidding process for utility-scale solar projects in the Indexed REC RFP?
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-15: 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?
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 the digital signature has been certified by the signatory using a document signing certificate; or • other documentation or information produced by a commercially available software 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?