Announcements


BEC-28: What are the instructions for submitting the Pre-Bid Letter of Credit in order to bid on AIC Capacity Products?

A Bidder must provide financial guarantees by providing either cash or an executed Pre-Bid Letter of Credit for AIC Capacity Products, drawn for the account of the Bidder. The Pre-Bid Letter of Credit must be in the form of the Standard Pre-Bid Letter of Credit for AIC Capacity Products or incorporate only modifications approved by AIC as posted to the procurement website. The modifications approved by AIC were posted to the Final Materials page of the Block Energy and Capacity section of the procurement website on February 26, 2024. The Pre-Bid Letter of Credit for AIC Capacity Products must be submitted from the issuing bank to AIC and to the Procurement Administrator as an electronic PDF file via electronic means. The electronic PDF file of the Pre-Bid Letter of Credit for AIC Capacity Products serves as the operative instrument. Bid assurance collateral for AIC Capacity Products is due on May 7, 2024.

Detailed instructions for the submission of bid assurance collateral for the Spring 2024 AIC Capacity procurement event were sent by email on March 25, 2024 with the subject line “BEC RFP – Bid Assurance Collateral Instructions (AIC Capacity Products).”