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Announcements

  • Indexed REC RFP – Illinois Power Agency Issues Request for Stakeholder Feedback on Spring 2022 Indexed REC Procurement July 1, 2022
  • BEC RFP – POSTING: Draft RFP Rules and Final Pre-Bid Letters of Credit for Fall 2022 July 1, 2022
  • ANNOUNCEMENT: Illinois Power Agency Issues Request for Stakeholder Feedback on Electricity and Capacity Procurement for Eligible Retail Customers June 27, 2022


Announcements

July 21, 2020

BEC-21: Is cash an acceptable alternative to the Pre-Bid Letter of Credit under the Block Energy and Capacity RFP?

Bid assurance collateral must be provided in the form of a letter of credit.  The Bidder must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Bidder must submit a Pre-Bid Letter of Credit that incorporates only those modifications to the Standard Pre-Bid Letter of Credit approved by a Company and posted to the procurement website.

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← I note that the Standard Forms of the Pre-Bid Letters of Credit have changed and that the final Standard Forms have been posted. We have comments from our bank at this time. Can we submit them ahead of the Part 1 Window? In the final revised LTRRPP section 5.4 states: “Second, P.A. 99-0906 introduced a new standard related to how generating units recover their costs. This standard not only prohibits the use of RECs from generating units that do not recover their costs through state-regulated rates, but also assesses penalties for RECs from systems later found to be non-compliant.” This reads as if generating units who do NOT have their rates regulated by the state, are unable to compete in REC procurements, which is the opposite of what is stated in the Act. Can you please clarify? →
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