Announcements


Archived-BEC-67: We participated in the Spring 2022 BEC RFP with bids due on April 18, 2022 and are a Prior P2 Bidder as that term is defined in the Supplemental Rules. Are we able to amend the Pre-Bid Letter of Credit we have in place with a Company from the April 18 Procurement Events to meet the bid assurance collateral requirements under the Supplemental RFP?

Yes. To continue using the Pre-Bid Letter of Credit submitted in the April 18 Procurement Event for a Company, a Bidder must submit an amendment to the Pre-Bid Letter of Credit. The amendment must modify the Expiration Date of the Pre-Bid Letter of Credit from May 11, 2022 to June 10, 2022. Furthermore, for AIC and ComEd, the amount of the Pre-Bid Letter of Credit must be $5,000 per block times the total number of blocks that the Bidder intends to bid across all Segments and months, or $250,000, whichever is greater. If the amount of the Pre-Bid Letter of Credit is insufficient to meet this amount, the amendment to the Pre-Bid Letter of Credit submitted for the April 18 Procurement Event for a Company must also modify the amount so that it is sufficient. Conversely, if the amount of the Pre-Bid Letter of Credit submitted for the April 18 Procurement Event for a Company exceeds the amount required for the Supplemental Procurement Event for a Company, the amendment to the Pre-Bid Letter of Credit may, but is not required to, reduce the amount of the Pre-Bid Letter of Credit, provided however that such amount must remain sufficient to support participation in the Supplemental Procurement Event for a Company. The amount of bid assurance collateral required for MEC remains $25,000 and only the Expiration Date needs amended.