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BEC-18: We are an existing winner for a Company’s Energy Products. If we win in the upcoming Spring 2022 procurement events, can we amend a post-bid letter of credit for a Company to cover any additional collateral requirements?

A winning bidder for Energy Products in these Spring 2022 procurement events that is already a Seller under a supplier contract from a prior procurement event can use their post-bid letter of credit that is currently in place with a Company and make amendments to the amount and expiration date as necessary.

BEC-10: How is the collateral requirement under the supplier contracts for the energy procurement events determined?

The collateral requirement under each of the supplier contracts for the energy procurement events is based on a mark-to-market methodology. For the (AIC) Confirmation Agreement and the (MEC) Confirmation Agreement, this methodology is described in Exhibit D (Collateral Annex) together with Exhibit E (Paragraph 10 to the Collateral Annex), of each agreement. For the (ComEd) … Continue reading How is the collateral requirement under the supplier contracts for the energy procurement events determined?