Beginning with this Fall 2021 BEC bidders do not provide the number of blocks they intend to bid for across all segments and months for a Company by expressing an indicative quantity in the Part 2 Form. The number of blocks a bidder is eligible to bid for across all segments and months for a … Continue reading Does a bidder need to submit an indicative quantity in the Part 2 Form, indicating the number of blocks they intend to bid across all segments and months for a Company?
The instructions for submission of the Pre-Bid Letter(s) of Credit are available upon request. Please email your request to the Procurement Administrator at Illinois-RFP@nera.com and indicate the procurement event(s) for which you plan to participate. These instructions will be sent to all Bidders that submit a Part 1 Proposal on Friday, March 12.
As part of the Part 2 Proposal, a Bidder that intends to bid on the Energy Products for AIC, Energy Products for ComEd, and/or Energy Products for MEC must provide an executed Pre-Bid Letter of Credit to each of the respective Companies separately. For each Company, the Bidder must either use the Standard Pre-Bid Letter … Continue reading Is a Pre-Bid Letter of Credit required to bid on the Energy Products for AIC, ComEd, and MEC? If so, when are the Pre-Bid Letters of Credit due?
The Part 1 Proposal is a Bidder’s opportunity to submit comments on or propose modifications to the Standard Pre-Bid Letter of Credit for a Company that is due with the Part 2 Proposal. In relation to possible disclosures that you may be required to make to regulators, we cannot assess what these disclosures may be … Continue reading Can we propose a modification to the conditions for drawing on the Pre-Bid Letter of Credit? We are specifically looking at the provision where a draw could occur if the Bidder disclosed information relating to its Proposal publicly or to any other party before the Illinois Commerce Commission has rendered its decision on the results of the Procurement Event. We realize this is not listed as an acceptable modification, but this could conflict with disclosures we may be required to make to our regulators.
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?
The executed Pre-Bid Letter of Credit for AIC Capacity Products must be submitted to AIC and to the Procurement Administrator as an electronic PDF file via electronic means.
The collateral requirement under each of the (AIC) Confirmation Agreement and the ComEd Energy Master Agreement will be for the credit exposure under the contract, which is based on a Mark-to-Market methodology. For the ComEd Energy Master Agreement, this methodology is described in Schedule 3 (MtM Calculation) to the Collateral Annex. For each of the … Continue reading How is the collateral requirement under the (AIC) Confirmation Agreement and the ComEd Energy Master Agreement calculated?
The Pre-Bid Letter of Credit must be in the form of the Standard Pre-Bid Letter of Credit for a Company or incorporate only modifications approved by the Company and posted to the procurement website. Any bidder can use any of the modifications on the list of acceptable modifications on an optional basis.
The Procurement Administrator will be soliciting comments on the Standard Pre-Bid Letter of Credit for a Company. A Bidder provides such comments by submitting a redline in Microsoft Word of the Standard Pre-Bid Letter. A Bidder provides comments by email or by upload to the application website.
In the event that a Company does not receive sufficient eligible bids—that is, bids which are consistent with the rules, that meet or beat the benchmark, and that are approved by the Commission—to satisfy its target, the Company may procure a quantity less than its target for a given month and segment.