Archived-BEC-104: Can we use the Standard Pre-Bid Letters of Credit issued under the Fall 2023 BEC RFP for this Spring 2024 BEC RFP?

No. A Bidder that is submitting Bids for the Spring 2024 Block Energy procurement event for a Company must, in its Part 2 Proposal, submit financial guarantees by providing either cash or a Pre-Bid Letter of Credit for that Company. 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 that Company as posted to the procurement website. The standard forms and the modifications approved by each Company were posted to the Final Materials page of the Block Energy and Capacity Procurement section of the procurement website on February 26, 2024.