Announcements


BEC-29: If we have Bids approved as winning Bids by the ICC, will the cash posted as bid assurance collateral be returned in full before we meet the creditworthiness requirements under the applicable supplier contract?

Cash posted as bid assurance collateral will not be netted against the creditworthiness requirements under the applicable supplier contract. Under the Block Energy and Capacity RFP, each Company initiates the return of the posted cash for a Bidder with Bids approved by the Commission once: (1) you have fully executed the applicable supplier contract and fulfilled creditworthiness requirements; (2) you have paid the Supplier Fee to the IPA; and (3) the Company has received an acceptable executed request for the return of cash on the letterhead of the entity to which cash is returned and for which a W‐9 is provided. Additionally, return of cash tendered as bid assurance to MEC is not initiated until MEC receives a Vendor Request Form that MEC finds to be duly completed and AIC receives a Supplier Request Form that AIC finds to be duly completed.

The Commission renders its decision on the results of the procurement events for Energy Products on Thursday, April 21, 2022.