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Indexed REC-88: Can you provide instructions on the payment of the Supplier Fee?

Two electronic methods of payment, ACH or E-Pay, will be accepted by the IPA for the payment of the required supplier fees. The Procurement Administrator will distribute detailed instructions for payment of the supplier fees to Bidders with Projects that are selected through the Indexed REC RFP and approved by the ICC. The ICC is … Continue reading Can you provide instructions on the payment of the Supplier Fee?

Indexed REC-64: During the Term of the Indexed REC Contract can a Seller replace the initial letter of credit with a replacement letter of credit or cash?

Yes this is possible. The letter of credit may be cancelled consistent with the terms of the letter of credit and replaced with another letter of credit or cash. It is Seller’s responsibility to ensure Seller’s Performance Assurance is maintained pursuant to Article 7 of the Indexed REC Contract. Please note the “Account Party” defined … Continue reading During the Term of the Indexed REC Contract can a Seller replace the initial letter of credit with a replacement letter of credit or cash?

Indexed REC-59: Can the Companies draw upon the pre-bid collateral if the Bid for a Project is selected by the evaluation procedure, and then approved by the Commission, but the Seller does not execute the Indexed REC Contracts with the Companies?

As part of the Part 2 Proposal, the Seller must certify that the Bid constitutes a binding and irrevocable offer to supply the annual quantity of RECs from the Project selected in the evaluation and the Seller agrees that, if the Project is selected in the RFP and the Seller’s Bid on that Project is … Continue reading Can the Companies draw upon the pre-bid collateral if the Bid for a Project is selected by the evaluation procedure, and then approved by the Commission, but the Seller does not execute the Indexed REC Contracts with the Companies?

Indexed REC-56: When is the bid assurance collateral returned if we submit a Bid and the Project is selected and in the case the Project is not selected?

All bid assurance collateral remains in place until the Commission has rendered a decision on the results of the procurement event. If the Bid for a Project is selected by the evaluation procedure and approved by the Commission, bid assurance collateral remains in place until full execution of the Indexed REC Contract and posting of … Continue reading When is the bid assurance collateral returned if we submit a Bid and the Project is selected and in the case the Project is not selected?

Indexed REC-71: Can you provide instructions on the payment of the Supplier Fee?

Two electronic methods of payment, ACH or E-Pay, will be accepted by the IPA for the payment of the required supplier fees. The Procurement Administrator will distribute detailed instructions for payment of the supplier fees to Bidders that have Bids approved by the ICC. The ICC renders its decision on the results of the Summer … Continue reading Can you provide instructions on the payment of the Supplier Fee?

Indexed REC-41: When is the bid assurance collateral returned if we submit a Bid and the Project is selected and in the case the Project is not selected?

All bid assurance collateral remains in place until the Commission has rendered a decision on the results of the procurement event. If the Bid for a Project is selected by the evaluation procedure and approved by the Commission, bid assurance collateral remains in place until full execution of the Indexed REC Contract and posting of … Continue reading When is the bid assurance collateral returned if we submit a Bid and the Project is selected and in the case the Project is not selected?

Archived-BEC-89: When is the Fuel Mix Report due and what format should it be provided to the Procurement Administrator?

The Fuel Mix Report is due by 6 PM CPT on Tuesday, April 18, 2023. The expected fuel mix should only be provided for each Company, month, and segment (On-Peak and Off-Peak) for which the Bidder has Bids identified as winning Bids. The completed Fuel Mix Report must be provided in Microsoft Excel format and … Continue reading When is the Fuel Mix Report due and what format should it be provided to the Procurement Administrator?