Announcements


W&S-143: Paragraph I.3.9. of the RFP Rules states that “If the ICC approves the results of the procurement event, each Seller with a Bid approved for a Project will execute the REC Contract with two (2) or more of the Companies within three (3) business days of the ICC decision.” Does this mean that the REC Contract has to be executed within three (3) business days with only two (2) of the three (3) utilities even if the RECs from our Project are allocated to all three (3) Companies? What would then be the deadline for execution of the REC Contract with the last Company?

This paragraph of the RFP Rules means that a given Seller with a Project selected through this RFP will have its RECs allocated to either two (2) or three (3) of the Companies. The Seller will be required to execute the REC Contract within three (3) business days of the Commission decision with all Companies to which its RECs are allocated (either two (2) or three (3) Companies).  The Paragraph that you quote in no way says or implies that the REC Contract will have to be executed within three (3) business days with only two (2) of the three (3) Companies in the event that the RECs from the Project are allocated to all three (3) Companies.  The Companies are not of the same size so that it may not be the case that all Companies will have contracts with all Sellers selected through the RFP.