A Bidder may submit a Part 1 Proposal for a Project, and later decide to not submit a Part 2 Proposal for that Project. Please email the Procurement Administrator at Illinois-RFP@nera.com with the list of Projects for which the Bidder will not be submitting a Part 2 Proposal as early as practicable and no later … Continue reading Can a Bidder submit a Part 1 Proposal for a Project and ultimately not move forward with submitting a Part 2 Proposal? Are we required to notify the Illinois Power Agency if we decide not to submit a Part 2 Proposal for a Project?
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Indexed REC-49: If the Bidder submits a Pre-Bid Letter of Credit as Bid Assurance Collateral to all three Companies what Inserts are required to be submitted as part of the Part 2 Proposal? Are the Cash Inserts for each Company still required?
A Bidder that provides a Pre-Bid Letter of Credit as Bid Assurance Collateral to all three Companies is not required to complete the AIC Cash Insert (#P2-1), ComEd Cash Insert (#P2-2), or the MEC Cash Insert (#P2-3). As part of the Part 2 Proposal, Bidders must complete the online Part 2 Form in its entirety, … Continue reading If the Bidder submits a Pre-Bid Letter of Credit as Bid Assurance Collateral to all three Companies what Inserts are required to be submitted as part of the Part 2 Proposal? Are the Cash Inserts for each Company still required?
Indexed REC-47: Is the Bidder bound to bid the Indicative Quantity of RECs provided in the Part 2 Form?
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 Bidder bound to bid the Indicative Quantity of RECs provided in the Part 2 Form?
Indexed REC-40: What is the required amount of bid assurance collateral? Is there a cap on the amount required to each utility?
The amount of bid assurance collateral required for a Project is determined separately for each Company as detailed below. As described in Paragraphs V.2.3 and V.2.5, a Bidder that submits Proposals for multiple Projects may post bid assurance collateral by effecting a single wire transfer to each Company or a single PreBid Letter of Credit … Continue reading What is the required amount of bid assurance collateral? Is there a cap on the amount required to each utility?
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-20: Where can I find the AIC Supplier Request Form?
The AIC Supplier Request Form was distributed to Bidders participating in a procurement event for AIC by email on March 27, 2023 with the subject line “BEC RFP – Bid Assurance Collateral Instructions”. Please contact the Procurement Administrator at Illinois-RFP@nera.com to be re-sent the AIC Supplier Request Form.
Capacity-6: Can a Bidder submit comments on the Pre-Bid Letter of Credit with its Part 2 Proposal?
Comments on and proposed modifications to the Pre-Bid Letter of Credit that are submitted after the deadlines related to the Part 1 Proposal will not be reviewed. The list of final acceptable modifications to the Pre-Bid Letter of Credit has already been posted here.
Indexed REC-56: Are Bids evaluated independently for each Category of Project?
The evaluation of bids proceeds independently for each Category as described in paragraph I.2.11. of the RFP Rules. In the first step, for a given Category, the evaluation of bids eliminates the bids with strike prices that fail to meet or beat the benchmark. Benchmarks are established by the Procurement Administrator, in consultation with the … Continue reading Are Bids evaluated independently for each Category of Project?
Indexed REC-52: How are benchmarks calculated?
The Illinois Power Agency Act (“IPA Act”) requires that benchmarks are kept confidential. Benchmarks are established by the Procurement Administrator, in consultation with the IPA, the Procurement Monitor, and the ICC Staff. The benchmark is subject to review and approval by the Commission. Section 1-75(c)(1)(D) of the Act states that, “Renewable energy credits shall be … Continue reading How are benchmarks calculated?