Announcements


BEC-48: When and under what circumstances will the cash posted as bid assurance collateral for the Fall 2022 BEC RFP be returned?

All bid assurance collateral remains in place until the Commission has rendered a decision on the results of a procurement event. For Bidders with Bids approved by the Commission, bid assurance collateral remains in place until full execution of the applicable supplier contract and until payment of the Supplier Fee is received. Return of cash tendered as bid assurance to a Company is not initiated until a Company receives a fully executed request for the return of cash in a form acceptable to that Company. Bidders participating in a procurement event for AIC must also send to AIC a Supplier Request Form that AIC finds to be duly completed. Requirements related to AIC’s Supplier Request Form are described in Section V.6 of the RFP Rules.

The Commission renders its decision on the results of the procurement events for Energy Products on Thursday, September 15, 2022. The Commission renders its decision on the results of the procurement event for AIC Capacity Products on Thursday, September 22, 2022.