Specific Targets and Budgets for the Spring procurement event are set at: (i) 70% of the Overall Targets and Overall Budget for ComEd as well as for AIC; and (ii) 100% for MEC.
The “Spring Targets” for AIC, ComEd, and MEC in the Spring DG RFP are: 4,928 RECs, 14,097 RECs, and 524 RECs respectively. The “Spring Overall Target”, which is the sum of the Spring Targets across all three (3) Companies in this Spring 2017 DG RFP, is 19,549 RECs. These figures are per year.
The preliminary “Spring Budgets” for AIC, ComEd, and MEC in the Spring DG RFP are: $10,010,028, $20,486,892, and $2,971,090 respectively. The preliminary “Spring Overall Budget”, which is the sum of the preliminary Spring Budgets across all three (3) Companies in this Spring 2017 DG RFP, is $33,468,010. These figures are for all years of the applicable supplier contracts.
Final Spring Budgets will be announced no later than three (3) business days prior to Bids being due. Please see Paragraph I.2.5 through I.2.8 of the RFP Rules for more details.