Archived FAQs

Questions and answers with information that is no longer relevant or accurate are archived in this section of the site.

Archived Block Energy and Capacity FAQs

FAQ-Archived-BEC-3
Q: Can an entity participate in both the Low-Income Community Solar Pilot RFP and the Block Energy and Capacity RFP?

The Low-Income Community Solar Pilot RFP and the Block Energy and Capacity RFP are separate procurements. There are no restrictions that would preclude one entity participating in one from participating in the other.

03-23-2020

FAQ-Archived-BEC-4
Q: Due to the current situation regarding COVID-19, the Officer of the RFP Bidder is working from home and is unable to have his or her signature notarized. What should we do?

For this upcoming procurement event, the Procurement Administrator will accept, instead of Inserts with notarized signatures, Inserts that are digitally signed as long as the submission includes a certificate of completion or other additional document to confirm the identity of the signatory.   Bidders may use digital signatures, including a certificate of completion, for all Inserts.

Note that electronic signatures (i.e., an image or picture of the Officer’s signature) will not be accepted.

03-23-2020

FAQ-Archived-BEC-5
Q: Can a Bidder propose modifications to the Standard Pre-Bid Letter of Credit for AIC Capacity Products for the Spring 2020 Block Energy and Capacity?

The changes to the standard letters of credit for AIC Capacity Products consist solely of administrative updates.  As such, the Procurement Administrator will not be soliciting comments on the standard letters of credit for AIC Capacity Products.

03-23-2020

FAQ-Archived-BEC-6
Q: Where can I find the bidder information webcast for the Spring Block Energy and Capacity RFP?

The Procurement Administrator has posted the presentation slides from the bidder information webcast held on March 23, 2020, to the Final Materials page of the Spring Block Energy and Capacity section of the procurement website. The audio recording from the webcast will be posted by close of business on March 25, 2020.

03-24-2020

FAQ-Archived-BEC-7
Q: Can we provide to the Procurement Administrator the additional documentation produced by the digital signature software we are using to confirm that this additional documentation satisfies the requirement of verifying the identity of the signatory?

Yes, you may provide the additional documentation produced by the digital signature software to the Procurement Administrator via email and request a review.

03-25-2020

FAQ-Archived-BEC-9
Q: Where can I find the RFP Rules and the Final Targets?

The RFP Rules are available on the Final Materials page of the Spring Block Energy and Capacity Procurement section of the procurement website here. The targets provided in Table I-1 through Table I-3 in the RFP Rules are provisional only. The Final Targets will be posted to the Final Materials section no later than April 6, 2020.

03-26-2020

FAQ-Archived-BEC-13
Q: Has the Procurement Administrator made any changes in procedures in the wake of COVID-19? We are working remotely and we do not think we will be able to get signatures notarized.

For this upcoming procurement event, the Procurement Administrator will accept, instead of Inserts with notarized signatures, Inserts that are digitally signed as long as the submission includes a certificate of completion or other additional document to verify the identity of the signatory. Bidders may use digital signatures, including a certificate of completion, for all Inserts.

03-27-2020

FAQ-Archived-BEC-17
Q: Are the final Pre-Bid Letters of Credit available? When is the Procurement Administrator going to issue delivery instructions for each Company?

The Standard Pre-Bid Letter of Credit for AIC Capacity Products is available on the Final Materials page of the Spring Block Energy and Capacity Procurement section of the procurement website. Applicants may begin working with their bank to prepare the Pre-Bid Letter of Credit due with the Part 2 Proposal. Due to emergency measures enacted in the wake of COVID-19, the Procurement Administrator will be issuing specific instructions for the submitting a Pre-Bid Letter of Credit to the appropriate Company (AIC, ComEd, or MEC). These instructions will be issued as soon as practicable but in no event later than the Part 1 Notification Date of April 6, 2020.

03-27-2020

FAQ-Archived-BEC-18
Q: When are the lists of acceptable modifications be made available to bidders on the procurement website?

The lists of acceptable modifications to the Pre-Bid Letter of Credit for each procurement event will be posted to the Final Materials page of the procurement website by end of Friday, March 27, 2020.

03-27-2020

FAQ-Archived-BEC-19
Q: We are a current supplier for ComEd. If we are a winning supplier for ComEd again in this upcoming procurement, can we amend our existing letter of credit or will we be required to issue a new one?

A winning bidder for Energy Products for ComEd in this Spring 2020 procurement event that is already a Seller under a (ComEd) Master Agreement from a prior procurement event can use their post-bid letter of credit that is currently in place with ComEd and make amendments to the amount and expiration date for example as necessary.

03-27-2020

FAQ-Archived-BEC-20
Q: Where can I find the final Targets for the BEC RFP?

Final Targets were posted to the Final Materials section of the Spring Block Energy and Capacity Procurement page of the IPA website as of April 2, 2020.  They can be found here.

04-03-2020

FAQ-Archived-BEC-21
Q: Where can I find a sample of the required accompanying statement to the Pre-Bid Letter of Credit?

In addition to the electronic Pre-Bid Letter of Credit itself, a statement from the issuing Bank must be provided to confirm that the electronic PDF file serves as the operative instrument.  The sample statement is as follows: “We confirm that the electronic PDF file of the Letter of Credit serves as the operative instrument.  The Beneficiary may use the electronic PDF file of the Letter of Credit No. __________as it would a hardcopy original.   The Beneficiary may draw on us in accordance with the terms and conditions of the Letter of Credit.”

The statement, along with instructions, is posted here.  The statement was also included in the further instructions distributed to Bidders by the Procurement Administrator on April 3, 2020.

04-03-2020

FAQ-Archived-BEC-22
Q: By what method should our Issuing Bank send the hardcopy of the Pre-Bid Letter of Credit to the appropriate Company?

The Procurement Administrator has issued a document that provides instructions to Bidders to submit the Pre-Bid Letter of Credit electronically.  A hardcopy of the Pre-Bid Letter of Credit is neither required nor expected.

If the Issuing Bank unnecessarily issues a hardcopy, please be ready to provide to the Procurement Administrator a tracking number from the overnight delivery service.

04-03-2020

FAQ-Archived-BEC-23
Q: Is it possible to submit the Pre-Bid Letter of Credit electronically rather than in hardcopy?

Specific instructions were provided via email on March 31, 2020 directing Bidders to submit an electronic version of the Pre-Bid Letter of Credit.  A hardcopy of the Pre-Bid Letter of Credit is neither required nor expected.  If the Issuing Bank unnecessarily issues a hardcopy, please be ready to provide to the Procurement Administrator a tracking number from the overnight delivery service.

In addition to the electronic Pre-Bid Letter of Credit itself, a statement from the issuing Bank must be provided to confirm that the electronic PDF file serves as the operative instrument.  The sample statement is as follows: “We confirm that the electronic PDF file of the Letter of Credit serves as the operative instrument.  The Beneficiary may use the electronic PDF file of the Letter of Credit No. __________as it would a hardcopy original.   The Beneficiary may draw on us in accordance with the terms and conditions of the Letter of Credit.”

The statement, along with instructions, is posted here.  The statement was also included in the further instructions distributed to Bidders by the Procurement Administrator on April 3, 2020.

04-03-2020

FAQ-Archived-BEC-26
Q: In Paragraph 4 of the Pre-Bid Letter of Credit, can our bank include the email address from which would come a communication from the Company?

Yes, the following modification to the Pre-Bid Letter of Credit is acceptable to each Company:

  1. Drafts, document(s) and other communications hereunder may be presented or delivered to us by facsimile transmission or electronic means. Presentation of documents to effect a draw by facsimile must be made to the following facsimile number: _______________, and confirmed by telephone to us at the following number(s): ________________. Presentation of documents to effect a draw by electronic means must be made by your e-mail address:                 or            _____ to the following email address: _______________, and confirmed by telephone to us at the following number(s): _______________. In the event of a presentation via facsimile transmission or via electronic means, no mail confirmation is necessary and the facsimile transmission or the electronic communication will constitute the operative drawing documents.

This additional acceptable modification was sent in a general communication to bidders.

04-13-2020 REVISED (originally posted 04-06-2020)

04-06-2020

FAQ-Archived-BEC-28
Q: Will ComEd accept a Pre-Bid Letter of Credit where ComEd’s address appears in the introductory block?

It is customary and acceptable for the address of the beneficiary to appear in the introductory block as follows:
___________________________ (“Date of Issuance”)
Letter of Credit No. _______________

Beneficiary:
Commonwealth Edison Company (“ComEd”)
[ADDRESS]

Applicant:
[Name of Applicant]
[Address]

04-08-2020

FAQ-Archived-BEC-29
Q: In the ComEd and AIC Pre-Bid Letter of Credit, is it acceptable for the statement from the Issuing Bank to be added directly to Paragraph 15?

Each of ComEd and AIC finds it acceptable to have the content of the statement from the Issuing Bank added directly to Paragraph 15 of their respective Pre-Bid Letter of Credit (instead of having the statement be provided on a stand-alone basis).

04-08-2020

FAQ-Archived-BEC-31
Q: Can we propose an additional modification to the supplier contracts?

The deadline to submit comments on the supplier contracts was March 11, 2020.  Bidders are required, as a condition of participation in the BEC RFP, to accept the terms of the applicable supplier contracts as posted to the procurement website without modification.

04-08-2020

FAQ-Archived-BEC-32
Q: 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.

As stated in the RFP Rules for the block energy procurement events (Paragraphs IV.4.4, IV.5.4, and IV.6.4), a Bidder participating in a procurement event must use the Standard Pre-Bid Letter of Credit for that procurement event or incorporate only modifications approved by the applicable Company as posted to the procurement website. As you note, the modification you propose is not one that has been approved by any Company. No comments were solicited on the Pre-Bid Letters of Credits under the BEC RFP as the only changes to these documents were limited strictly to administrative updates. No comments or modifications on any of the Pre-Bid Letters of Credit can be considered at this time.
In relation to possible disclosures that you may be required to make to regulators, we cannot assess what these disclosures may be and whether such disclosures may or may not constitute “disclosing information relating to your Proposal”. We can note that this provision is limited to the time prior to the Illinois Commerce Commission decision on April 24, 2020. We can also note that this condition to draw on the Pre-Bid Letter of Credit relates to the undertakings otherwise made by the Bidder in the Part 2 Proposal. In the Part 2 Proposal, the Officer of the Bidder certifies that, other than for purpose of arranging for the Pre-Bid Letter of Credit or communications with Advisors (if any), the Bidder has not disclosed, and will not otherwise disclose, publicly or to any other party any information relating to its Proposal, which could have an effect on whether another party submits a Proposal for this procurement event, or on the contents of such Proposal that another Bidder would be willing to submit. The RFP Rules note that such information includes, but is not limited to: the fact that the Bidder is submitting a Proposal for this procurement event; the Bidder’s Bids; the Bidder’s number of blocks bid for any Product, any Combination, or for any bundle of Products and Combinations; the Bidder’s estimation of the value of a Product or Combination; the Bidder’s estimation of the risks associated with providing supply under the applicable supplier contract; and the Bidder’s preference for bidding on specific Products or Combinations.

04-09-2020

FAQ-Archived-BEC-34
Q: Will I receive a deficiency notice if I submit the Part 2 Proposal for a procurement event for Energy Products, but my Pre-Bid Letter(s) of Credit have not been received yet?

The deadline to submit a Part 2 Proposal for a procurement event for Energy Products (excluding Bids) including the Pre-Bid Letters of Credit for AIC Energy Products, ComEd, and MEC is April 14, 2020 by 12 PM (noon) CPT. If the Part 2 Proposal (excluding Bids) from a Bidder is incomplete because the Pre-Bid Letter of Credit has not been received, the Procurement Administrator sends a deficiency notice to the Bidder. If the deficiency notice is the first deficiency notice sent, the Bidder must respond by 12 PM (noon) on the Part 2 Date, or by 6 PM on the second business day following the business day during which that notice is sent, whichever comes later.

04-09-2020

FAQ-Archived-BEC-35
Q: Will the March 23, 2020 version of the AIC P2 Capacity Certifications Insert (#P2-5) be accepted considering an updated version of the Insert was posted on April 7, 2020?

The Procurement Administrator would appreciate, but does not require, that you submit the revised version of the AIC P2 Capacity Certifications Insert (#P2-5) that was updated to correct a typographical error in the Bid Date. If the originally posted version is submitted, the Procurement Administrator will assume that the certifications, based on the corrected Bid Date of April 22, 2020, remain valid.

04-09-2020

FAQ-Archived-BEC-38
Q: The RFP Rules state that the Procurement Administrator “expects to notify a Bidder via phone that had Bids in a procurement event that were evaluated whether any of the Bidder’s Bids will be identified as ‘winning Bids’ to the ICC by 6 PM on the applicable Bid Date. The Procurement Administrator provides written confirmation via email by 12 PM (CPT) on the business day following the applicable Bid Date.” Does the Procurement Administrator have updated guidance given the current circumstances?

The Procurement Administrator expects the timeframes as provided in the RFP Rules to continue to apply even in the current circumstances.  As a reminder, as stated in the RFP Rules, such notifications are made to the extent practicable or may be made later as circumstances warrant.

04-17-2020

FAQ-Archived-BEC-40
Q: Will the IPA be providing additional options for payment of the supplier fees?

The IPA will be issuing instructions and the Procurement Administrator will communicate these to winning bidders as soon as they become available.

04-17-2020

FAQ-Archivd-BEC-41
Q: What are the Supplier Fees?

The Procurement Administrator announced Supplier Fees on April 14, 2020.  They are as follows: $165 per on-peak block; $110 per off-peak block; $20 per ZRC.

04-17-2020

FAQ-Archived-BEC-42
Q: Can you please review a draft modification to Paragraph 4 to add a domain name from which would come documents from the Company?

Neither the Procurement Administrator nor the Companies review draft language for the Pre-Bid Letter of Credit. Please see FAQ-BEC-26 as updated on 4/13/2020 for the inclusion of an email address to Paragraph 4 that is generally acceptable to the Companies.

04-17-2020

FAQ-Archived-BEC-43
Q: Our bank wants to suggest additional modifications to the Standard Pre-Bid Letter of Credit given that the letter of credit will be issued electronically. Can you please review?

Neither the Procurement Administrator nor the Companies review draft language for the Pre-Bid Letters of Credit.  The Procurement Administrator issued instructions on March 31 and again on April 3 regarding the Pre-Bid Letters of Credit.  Aside from these instructions, the Pre-Bid Letter of Credit for a Company must be in the form of the Standard Pre-Bid Letter of Credit for that Company or include only those modifications acceptable to the Company and posted to the procurement website.

04-17-2020

FAQ-Archived-BEC-45
Q: Will the Companies require electronic delivery of the letters of credit given that emergency measures are still in place in the wake of COVID-19? Will the terms of the letter of credit be required to change?

After Commission approval of the results, the Companies will work with suppliers to provide instructions for delivery of letters of credit.  Each Company will provide instructions for electronic delivery and/or hardcopy delivery.  Please note that the terms of the letters of credit already provide for electronic transmission or documents and communications.

04-24-2020

FAQ-Archived-BEC-46
Q: Taking June 2020 for AIC as an example, why are there two prices in the results table ($24.65/MWh and $25.37/MWh)?

The target for June 2020 for AIC was 20 blocks.  These 20 blocks were filled with 17 blocks of the On-Peak June 2020 Product as well as 3 blocks of the June 2020 to May 2021 Combination.  The price of $24.65/MWh is the average of the winning bid prices for the 17 blocks of the On-Peak June 2020 Product.  This price is associated with 17 blocks or a quantity of 425 MW.  The price of $25.37/MWh is associated with 500 MW or 20 blocks and represents the average price that will be paid for the On-Peak June 2020 contracts.  This price is the average of the winning bid prices for the 17 blocks of the On-Peak June 2020 Product and the winning bid prices for the 3 blocks of the June 2020 to May 2021 Combination.

04-24-2020

FAQ-Archived-BEC-47
Q: 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?

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 of Credit for that Company, or the Bidder must submit a Pre-Bid Letter of Credit that incorporates only the approved modifications to the Standard Pre-Bid Letter of Credit approved by that Company.  The Pre-Bid Letter(s) of Credit for Energy Products are due by 12 PM (noon) on the Part 2 Date, Tuesday, March 30, 2021.

02-24-2021

FAQ-Archived-BEC-48
Q: Are the Targets available in Microsoft Excel format?

The Targets are not available in Microsoft Excel format. Preliminary Targets are available in the RFP Rules posted to the Final Materials page of the RFP website. The Final Targets will be provided to bidders in pdf format and are expected to be provided with the Part 1 Notification on March 18, 2021.

03-05-2021

FAQ-Archived-BEC-49
Q: Are the instructions for submission of the Pre-Bid Letter(s) of Credit available yet?

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.

03-10-2021

FAQ-Archived-BEC-50
Q: When will the Final Targets be available?

The Procurement Administrator posted the Final Targets for energy and capacity to the Final Materials page of the Block Energy and Capacity section of the procurement website on March 18, 2021.

03-18-2021

FAQ-Archived-BEC-51
Q: When can a Bidder provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for each Company?

Bidders had the opportunity to provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for each Company with the Part 1 Proposal. On March 15, 2021, the Procurement Administrator posted the final lists of acceptable modifications to the Pre-Bid Letters of Credit to the Final Materials page under each of Appendices 10 through 13. Bidders must either use the Standard Pre-Bid Letter of Credit for a Company, or submit a Pre-Bid Letter of Credit that incorporates only those modifications to the Standard Pre-Bid Letter of Credit approved by that Company and posted to the procurement website.

03-18-2021

Archived Wind and Solar FAQs

FAQ-Archived-W&S-11
Q: Regarding the August 10, 2017 date that is referenced on Slide 5 of the presentation from the Wind and Solar RFP Virtual Contract Workshop held on June 6, 2017, is this when the RFP will be issued or when bids are due?

August 10, 2017 is the expected Bid Date for the Wind and Solar RFP. The final contracts are expected to be posted on June 27, 2017 and the RFP documents are expected to be issued on June 28, 2017.

06-09-2017

FAQ-Archived-W&S-14
Q: What are the qualification requirements for a project to participate in the Wind and Solar RFP?

The RFP Rules for the Wind and Solar RFP have not yet been finalized. The requirements are expected to cover interconnection, site control, and the type of bidder fees that may be due.

The Procurement Administrator posted an outline of the proposal requirements on a draft and preliminary basis on June 14, 2017. This document is posted to the Draft Documents Page of the Wind and Solar section of the procurement website.

This early information release was announced to the registrants’ list.  If you have not yet registered for announcements, please do so by filling out the Registration Form and selecting the “Wind and Solar RFP” category.

06-16-2017

FAQ-Archived-W&S-15
Q: Are there minimum and maximum contract sizes for solar?

There is no minimum on the contract quantity presented in the Proposal. The maximum that can be provided is the target in the procurement event.  For solar multiple procurement events are expected and thus this maximum will be different for each procurement event and will be below the 1,000,000 REC annual target.

As a reminder, while there is no minimum contract size, there is a minimum on the nameplate capacity of utility-scale solar projects, which is 2 MW AC. This minimum size requirement does not apply to brownfield site PV projects.

06-09-2017

FAQ-Archived-W&S-20
Q: Will the final REC Contract explicitly state that excess RECs in a Delivery Year may be used in subsequent Delivery Years?

The currently proposed contract terms are available on the Draft Documents page of the Wind and Solar section of the procurement website. Please submit a redlined Microsoft Word document with any edits you would like to propose for consideration before the deadline at 6 PM CPT Wednesday, June 14, 2017. The Invitation to Comment, which includes instructions for submitting comments, is found on the Draft Documents page of the Wind and Solar section of the procurement website.

06-09-2017

FAQ-Archived-W&S-21
Q: Will instructions and documents be provided for payment of fees and security required by the RFP process?

Yes, instructions will be provided upon request by email to Illinois-RFP@nera.com. The IRS Form W-9 for the IPA and payment instructions for the bid participation fee will be available as soon as practicable and no later June 28, 2017, the date the RFP documents are issued.

06-09-2017

FAQ-Archived-W&S-26
Q: If I build a 10 MW project that produces 12,000,000 kWh and I bid $100/REC, is the collateral requirement under the REC Contract $1.8M?

That is correct. If your project’s annual production is 12,000,000 kWh then the REC production is 12,000 RECs (12,000,000 kWh = 12,000 MWh = 12,000 annual RECs). Prior to the first REC delivery, the collateral requirement is 1.5 times the Annual Contract Value or $50,000, whichever is greater. With a bid price of $100 per REC, the Annual Contract Value is $100 x 12,000 or $1.2M.  Thus, the collateral requirement is the greater of $1.2M x 1.5 = $1.8M or $50,000, which is $1.8M.

After the first REC delivery, the collateral requirement is reduced to 1 time the Annual Contract Value or $50,000, whichever is greater. Finally, the collateral requirement in the last delivery year is reduced to reflect the amount that will be delivered in that delivery year (which may be less than a full year).

Revised 6-12-2017 first posted 6-09-2017

06-09-2017

FAQ-Archived-W&S-41
Q: Are RECs generated by the project above the Annual Quantity, up to the Maximum Contract Quantity, paid for by the IPA?

Under the REC Contract, the purchaser of the RECs will be AIC, ComEd, or MEC.  In a given year, the Seller can deliver up to the Annual Quantity but no more.  If the project generates RECs in excess of the Annual Quantity, these are the property of the Seller.  The Seller can sell these RECs elsewhere, including by offering them in other IPA procurement events, or the Seller can keep the RECs (“bank” them) in case the project does not generate sufficient RECs to meet the Annual Quantity in a future year.  There are no provisions in the REC Contract or elsewhere whereby the IPA automatically purchases such excess RECs.  If the project generates fewer RECs than the Annual Quantity in a given year and the Seller does not provide RECs generated by the project in a prior to meet the Annual Quantity, the Seller is paid only for the RECs delivered.  Furthermore, the Seller cannot “make up” the quantity at a future time by delivering more than the Annual Quantity in a future year.  Thus, the total quantity delivered over the term of the REC Contract never exceeds the Maximum Contract Quantity and the total quantity delivered will fall short of the Maximum Contract Quantity if the Seller delivers less than the Annual Quantity in any year.

06-25-2017

FAQ-Archived-W&S-43
Q: What is the anticipated date of when the Collateral Requirement will be required under the REC Agreement?

The REC Contract (Draft 1) requires the Seller to post any financial guarantees within two (2) business days of a request by the Buyer if such a request is received by 1 PM Eastern Prevailing Time or within three (3) business days otherwise.

06-25-2017

FAQ-Archived-W&S-46
Q: The Letter of Credit amount provided in the draft part 2 Proposal requirements is $15,000/MW. Is it correct that this is for one utility (so $45,000/MW across all three utilities)?

That is correct.  The Bid Assurance Collateral in the draft Part 2 Proposal requirements requires providing a letter of credit to each utility in an amount that is based on the size of the project presented ($5,000/MW for wind, $15,000/MW for solar projects, subject to a $25,000 minimum).  The final requirements are expected to be posted on July 19, 2017.

06-28-2017

FAQ-Archived-W&S-49
Q: When will you be posting the forms of the letters of credit that a bidder can use to post bid assurance collateral with the Part 2 Proposal?

Please see FAQ-W&S-73.

Revised 8-01-2017 first posted 7-05-2017

07-05-2017

FAQ-Archived-W&S-50
Q: Will the comments on the draft REC contract submitted on June 1 be publicly posted?

The comments on standard contracts prepared by the Procurement Administrator are made available to the Commission but will not be publicly posted. Please note that a second draft of the REC Contract that takes into consideration these comments was posted June 28, 2017 to the procurement website. This second draft, the DRAFT (2) REC Contract, is available for further comments by potential participants in the procurement event.

07-05-2017

FAQ-Archived-W&S-51
Q: Can you please confirm that a 50 MW solar facility would have to post 50 x $15,000 = $750,000 to each utility or $2.25M in total? This seems like a large sum to have to pay in addition to the Collateral Requirement under the REC Contract.

Your current understanding is correct. Under the current draft of the Preliminary Proposal Requirements, a participant is required to submit a letter of credit to each utility to support its bids. The letter of credit for each utility must be in an amount of $5,000/MW of wind projects and $15,000/MW of solar projects for which bids will be presented, subject to a $25,000 minimum for each letter of credit. Please note that, however, the RFP Rules for the Wind and Solar RFP have not yet been finalized and the currently drafted requirements could change.

Additionally, it is important to note that the Letters of Credit to support the bid will be cancelled and returned to the bidder (and not held during the term of the contract). If the bidder is not a winning bidder in the RFP, such cancellation and return will occur as soon as practicable after the Commission decision on the results of the procurement event.  If the bidder is a winning bidder in the RFP and the winning bidder will sign a REC Contract with a Company, such cancellation and return will occur once all formalities of contract execution with the Company have been completed and once all suppliers fees have been paid to the IPA.

While the REC Contract is also still under development, there will be separate collateral requirement for winning bidders upon signing the contract. Under the current draft, prior to the first REC delivery, the collateral requirement is half of the Annual Contract Value (Annual REC Quantity x Purchase Price) or $50,000, whichever is greater. After the first REC delivery, the collateral requirement is reduced to 1 time the Annual Contract Value or $50,000, whichever is greater. Finally, the collateral requirement in the last delivery year is reduced to reflect the amount that will be delivered in that delivery year (which may be less than a full year).

Please see FAQ-W&S-26 for an example calculation of the collateral requirement prior to first REC delivery.

07-05-2017

FAQ-Archived-W&S-57
Q: Will a portion of the Collateral Requirement be due along with the bid submission?

There is a bid assurance collateral due with the Part 2 Proposal, but that bid assurance collateral is separate from the Collateral Requirement due at contract execution for a winning bid.  The bid assurance collateral, as described in the draft proposals requirements released on June 14, 2017, consist of a form of a letter of credit to each utility in an amount that is based on the size of the project presented (currently set at $5,000/MW for wind, $15,000/MW for solar projects, subject to a $25,000 minimum). An updated proposal requirements is expected to be released the week of July 10, 2017.

However, the amount of bid assurance collateral tendered with the Part 2 Proposal does not correspond to Collateral Requirement required during the REC Contract. The letters of credit provided with the Part 2 Proposal to support the bid will be cancelled and returned to the bidder when certain conditions are met.  If the bidder is not a winning bidder in the RFP, such cancellation and return will occur as soon as practicable after the Commission decision on the results of the procurement event.  If the bidder is a winning bidder in the RFP and as a winning bidder signs the REC Contract with the applicable utility, such cancellation and return will occur once all formalities of contract execution with the utility have been completed and once all supplier fees have been paid to the IPA. Failure to execute a contract and/or failure to pay supplier fees would be examples of some of the circumstances under which the bidder may lose all of a portion of its bid assurance collateral. The final RFP documents will explain these circumstances in more detail.

07-05-2017

FAQ-Archived-W&S-58
Q: When will the Procurement Administrator release more information about the RFP, including the REC volumes that will be procured from solar projects in the first procurement event, the requirements for site control, and the requirements for interconnection?

The Procurement Administrator made a preliminary release of information regarding the RFP requirements on June 14.  The release of the final RFP documents is expected for July 19, 2017.  To the extent practicable, the Procurement Administrator will also make additional early releases of select information.  The Procurement Administrator recently posted an illustrative Part 1 Form with more details on the requirements of the Part 1 Proposal.

07-05-2017

FAQ-Archived-W&S-67
Q: It is understood that this August procurement will be the first of a few procurements before June 2018 to meet the overall goal of 1M utility/brownfield solar RECs per year. Is there any guidance on how many RECs will be procured in this first procurement event?

The release of the final parameters and RFP documents is expected for July 19, 2017. To the extent practicable, the Procurement Administrator will make additional early releases of information, including the release of the solar target for this first procurement event.

07-06-2017

FAQ-Archived-W&S-71
Q: Did you release additional information regarding the RFP requirements after the June 14 posting?

The Wind and Solar RFP (“W&S RFP”) DRAFT Illustrative Part 1 Form, which provides an outline of the draft Part 1 Proposal qualification requirements, was posted to the Draft Documents page of the Wind and Solar Section of the procurement website on June 30, 2017.

07-11-2017

Archived Supplemental PV FAQs

FAQ-Archived-SPV-80
Q: Can you please clarify whether the sub-25kW category cap of 5,000 RECs should be applied to total bids from both identified and forecast systems?

This FAQ was posted on 06-02-2015 and archived because the information is no longer relevant or accurate.

That understanding is correct. Any Proposal must be such that the total number of RECs in the Sub-25 Category is at or below 5,000 RECs including both REC quantities from identified systems and forecast quantities.

11-02-2015

FAQ-Archived-SPV-60
Q: If we intend to submit a Bid for RECs from systems that are larger than 500 kW in size, do we submit our Bids in the June 2015 procurement event and wait until the November 2015 procurement event for the results?

This FAQ was posted on 05-21-2015 and archived because the information is no longer relevant or accurate.

No, you do not place your Bids in June for ”Over-500 Product”, as Bids for the November 2015 procurement event will not be taken as part of the June 2015 procurement event and only Bids submitted for the Sub-25 Product and 25-500 Product will be accepted on the June 18 Bid Date. Bids on the Over-500 Product will be accepted in the November 2015 and March 2016 procurement events, however.

11-02-2015

FAQ-Archived-SPV-56
Q: Are the RFP documents final or are some of the inserts still considered “draft”?

This FAQ was posted on 05-21-2015 and archived because the information is no longer relevant or accurate.

Final RFP Documents, including the Inserts to be completed for the Part 1 Proposal, were posted to the Supplemental PV Procurement Section of the website on May 14, 2015. You must register for an application account and submit your Proposal materials online on the application website. A PDF copy of the Part 1 Form, Part 2 Form and Bid Form have been posted to the Supplemental PV Procurement Section of the website on May 14, 2015.

11-02-2015

FAQ-Archived-SPV-31
Q: When do you expect all Inserts necessary for completion of the Proposals to be posted to the procurement website?

This FAQ was posted on 05-08-2015 and archived because the information is no longer relevant or accurate.

Additional draft Inserts will be embedded in a draft Part 1 Form and a draft Part 2 Form that will be posted shortly. Final RFP Documents will be posted on Thursday, May 14, 2015. Please see the Calendar page of the procurement website for a full schedule of Supplemental PV events.

11-02-2015

FAQ-Archived-SPV-15
Q: Where and when will the stakeholders workshop on Round 1 of comments to the Draft IPA REC Purchase & Sale Agreement take place?

This FAQ was posted on 04-14-2015 and archived because the information is no longer relevant or accurate.

The stakeholders workshop on Round 1 of comments to the Draft IPA REC Purchase & Sale Agreement will take place on Tuesday, April 14, 2015 from 10 AM to 3 PM CPT at 160 N. LaSalle, 8th Floor, Main Hearing Room, Chicago, Illinois.

11-02-2015

Archived Low-Income Community Solar Pilot FAQs

FAQ-Archived-LIP-21
Q: Can a “community based organization” include both non-profit and public sector entities, such as a township or city?

A community-based organization should be an existing non-profit organization (not a public sector entity) that provides programs and services within the community where the proposed project will be located.

08-15-2019

FAQ-Archived-LIP-26
Q: Can a Project in a rural county define the community as an area within a 75-mile radius to include subscribers in Chicago?

For purposes of the Low-Income Community Solar Pilot RFP, the “community” is defined as the area around the Project. It is the area within a 10-mile radius for an urban county and within a 30-mile radius for a rural county. An urban county is a county that is in a Metropolitan Statistical Area or a HUD Metro FMR Area. A rural county is any other county in the state.  Organizations within the community are “community-based” and subscribers (as this term is defined in the key contract terms) are “qualified” if they reside within the community.

The Bidder may propose an alternative definition of the community associated with the Project, however, it is unlikely that a 75-mile radius will meet the requirements. In order to propose an alternative definition, the Bidder must provide:

  1. The name of the community;
  2. A map showing the relevant geographic boundaries; and
  3. Evidence that the community’s residents associate themselves with the community.

Revised 8/26/2019 first posted 8/21/2019

08-21-2019

Archived General FAQs

Currently, the IPA plans to hold the following procurement events for Renewable Energy Credits in 2019: Low-Income Community Solar Pilot, Utility-Scale Wind, and Community Renewable Generation Program. Please see the information available for these procurement events on each of the  dedicated pages on ipa-energyrfp.com. Additional information will be provided as it becomes available. The schedules for these RFPs will be posted to the Calendar page of the procurement website and an announcement will be sent to the registrants for each event at the time of posting.

Additional information pertaining to future REC procurement events can be found in the IPA’s Long-Term Renewable Resources Procurement Plan.  Information regarding the Adjustable Block Program and the Illinois Solar for All Program can be found on their respective websites:

https://www2.illinois.gov/sites/ipa/Pages/default.aspx

https://www.illinoissfa.com/

04-17-2019

FAQ-GEN-44
Q: What information can you provide about future procurements of RECs from utility-scale solar projects?

Currently, there are no procurements scheduled for RECs from utility-scale solar projects under the Initial Long-Term Plan of the Illinois Power Agency (“IPA”).  The IPA has released a draft Revised Long-Term Plan released on August 15, 2019, which is available here: https://www2.illinois.gov/sites/ipa/Pages/Renewable_Resources.aspx

In this Revised Long-Term Plan, the IPA is not proposing to conduct additional competitive procurements for RECs from utility-scale solar projects at this time. Accordingly, we cannot speak to the process for submitting a proposal should an RFP for utility-scale solar projects be held in the future.

FAQ WND-1 (https://www.ipa-energyrfp.com/faqs/utility-scale-wind-faqs/?topic=general) explains the locational requirements for utility-scale wind projects; the locational requirements for utility-scale solar projects are the same.  You may want to consult the RFP Rules from the Brownfield and Utility-Scale Solar RFP that provides the requirements for proposal from the most recent procurement from RECs from utility-scale solar projects:

https://www.ipa-energyrfp.com/2018-brownfield-and-utility-scale-solar-procurement/

10-30-2019

FAQ-GEN-45
Q: Can you list the opportunities that may exist for a solar company through the IPA’s procurements or programs?

There are no procurements scheduled for RECs from utility-scale solar projects in 2019. The remaining procurements for 2019 include the Low-Income Community Solar Pilot RFP. Please see the information available for this procurement event on its dedicated page on ipa-energyrfp.com.

Additional information pertaining to future REC procurement events from solar projects can be found in the IPA’s Revised Long-Term Renewable Resources Procurement Plan:

https://www2.illinois.gov/sites/ipa/Pages/default.aspx

Information regarding the Adjustable Block Program and the Illinois Solar for All Program can be found on their respective websites:

https://www.illinoissfa.com/

https://www.illinoissfa.com/

10-30-2019

FAQ-Archived-Gen-7
Q: Is there information available at this point on how the programs to be held under Public Act 099-0906 will be implemented?

At this time, there is no implementation information regarding the programs to be held under Public Act 099-0906. This Act was signed into law on December 7, 2016 and will go into effect on June 1, 2017. The link below is to the bill itself:

http://www.ilga.gov/legislation/publicacts/99/PDF/099-0906.pdf

03-09-2017

FAQ-Archived-Gen-10
Q: Is information available regarding the Fall 2017 AIC capacity procurement event? What are the changes that are expected compared to the Fall 2016 AIC capacity procurement event?

Information regarding the Fall 2017 AIC capacity procurement event is not yet available. The 2017 Procurement Plan does not propose changes to the process that was used for the Fall 2016 AIC capacity procurement event, for which documents are available under the “Previous RFP” section of the procurement website (in the Fall 2016 Standard Products RFP).

03-23-2017

FAQ-Archived-Gen-11
Q: Is there a REC RFP this year in the same format as was used in the last two years?

There is no procurement event planned for 2017 using the exact format of the REC RFP From the past two years.  Please see the tentative schedule of the IPA for other renewable energy events:

https://www.illinois.gov/sites/ipa/Documents/2017-Schedule-Announcement.pdf

04-02-2017

FAQ-Archived-Gen-12
Q: Will my login credentials change in the Fall for a procurement event under the same RFP?

The Procurement Administrator will provide login credentials for the Fall RFP a day prior to the opening of the Part 1 Window. We will confirm at that time either that the login credentials will remain the same or provide you with updated credentials.

04-03-2017

FAQ-Archived-Gen-13
Q: Is there a target for the Initial Forward Wind/Solar RFP scheduled for Q3 of 2017?

This information is not yet available. When available, the information will be posted to the procurement website and may be sent in an announcement to website registrants. You can register to receive announcements from the Procurement Administrator here:

https://www.ipa-energyrfp.com/contact-us/register/

04-03-2017

FAQ-Archived-Gen-14
Q: Where are the materials from the workshops held by the IPA posted and will these include recordings of the workshops?

All materials from the workshops held by the IPA will be posted to the Illinois Power Agency’s (“IPA”) website at: https://www.illinois.gov/sites/ipa/. These materials include the presentations but not recordings of the workshops.

05-17-2017

FAQ-Archived-Gen-24
Q: Are details available on the Adjustable Block Program?

The Illinois Commerce Commission (“Commission”) will render a decision on the Adjustable Block Program proposed as part of the Illinois Power Agency’s Long-Term Renewable Resources Procurement Plan (“LTRRPP”), and this decision is expected on April 3, 2018. The Commission may change in whole or in part the proposal made by Illinois Power Agency with regard to the Adjustable Block Program.

The details of the Adjustable Block Program will not be provided on this website once the Commission renders its decision and the Procurement Administrator will not respond to questions in this regard. Please refer to the IPA’s website, https://www2.illinois.gov/sites/ipa/Pages/default.aspx, where the LTRRPP as approved by the Commission will be posted once it becomes available.

02-02-2018

FAQ-Archived-Gen-25
Q: Are details available on the Low-Income Community Solar Pilot program?

The Low-Income Community Solar Pilot project is proposed as part of the Illinois Power Agency’s Long-Term Renewable Resources Procurement Plan (“LTRRPP”). The Illinois Commerce Commission (“Commission”) will render a decision on the LTRRPP and this decision is expected on April 3, 2018. The Commission may change in whole or in part the proposal made by Illinois Power Agency with regard to this pilot project.   Details on this pilot project are not yet available.

02-02-2018

FAQ-Archived-Gen-26
Q: Are there procurement events that offer REC payments for terms longer than five years?

The contracts under the 2017-2018 Initial Forward Procurements, which encompasses the Summer 2017 Wind and Solar RFP and the two procurement events under the Spring 2018 New Solar RFP, are for a 15 year term. The second procurement event under the Spring 2018 New Solar RFP will begin with a webcast on Thursday, March 29, 2018. Additional information is available on the New Solar tab of the procurement website.

Prior to these procurements, the Illinois Power Agency held a long-term renewable energy procurement in 2010 for 20-year contracts. Additional information on this RFP is available here:

http://www.comed-energyrfp.com/2010-RFP/ltdocuments.asp

03-22-2018

FAQ-Gen-32
Q: Are there any competitive procurements currently scheduled for 2019?

The Spring 2019 Block Energy and Capacity RFP took place in May 2019. The Brownfield RFP will take place over Summer 2019. Later in the year, the following events are scheduled: the Fall 2019 Block Energy and Capacity RFP, the Utility-Scale Wind RFP, the 2019 Low-Income Community Solar Pilot Project, and the Community Renewable Generation Program Forward Procurement. Please refer to the Calendar page of the IPA procurement website for information on the deadlines and main events for procurement events as they become available. If you have not already done so, please join our mailing list to receive updates and announcements regarding RFPs announced on this website by completing the form here:

https://www.ipa-energyrfp.com/contact-us/register/

Revised 7/25/2019 first posted 12/03/2018

12-03-2018