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Announcements

  • BEC RFP – ANNOUNCEMENT: Final ZRC Targets Posted March 20, 2023
  • BEC RFP – ANNOUNCEMENT: Estimates of the Supplier Fees March 20, 2023
  • BEC RFP – ANNOUNCEMENT: Part 1 Window is Open! March 20, 2023


Announcements

July 24, 2017

W&S-92: Where can I find the details of the Proposal requirements?

Proposal requirements are provided in the RFP Rules posted on the Final Materials page of the Wind and Solar section of the procurement website. These documents are dated July 19, 2017.

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← In terms of Seller’s REC Delivery obligation, there are two conditions for an event of default to be triggered: (1) there are 3 or more shortfall years; and (2) the cumulative shortfall amount equals or exceeds the annual quantity. Will a Seller be in default if only one of the conditions occurs? Can you please confirm that our understanding of the (AIC) Capacity Agreement is correct? First, if we fail to deliver all or a portion of the Zonal Resource Credits (“ZRC””) to AIC (the Buyer), we are responsible for all penalties and/or charges assessed to the buyer regardless of the difference between the (AIC) Capacity Agreement Contract Price and the MISO Compliance Zone Auction Clearing Price (“ACP”). Second, if the Compliance Zone ACP is greater than the Contract Price, we are required to pay the positive difference between the Contract Price and the Compliance Zone ACP multiplied by the days in the Planning Year and the number of ZRCs we fail to deliver. →
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