Announcements


DG-127: What is the amount of the letter of credit that will be required? Does it depend on the level of the Supplier Fee?

The amount of the Letter of Credit is completely unrelated to the supplier fees. Each Bidder will be required to submit a Letter of Credit in an amount of $4 times the number of RECs that the Bidder can win across all systems and the total Forecast Quantity across all delivery years under the applicable supplier contracts. A Bidder that already holds a letter of credit with the IPA will have the option to provide an amendment to this letter of credit to increase the value of the letter of credit and to change the expiration date instead of having a new letter of credit issued for purposes of providing the financial guarantees required by the Part 2 Proposal.  The final Letter of Credit and initial list of acceptable modifications were posted to the procurement website on August 15, 2017.