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BEC RFP – ANNOUNCEMENT: Capacity Contract Execution Process June 7, 2023
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Announcements

January 3, 2018

ZEC-14: Will the utilities accept surety bonds for performance assurance?

The utilities will not accept surety bonds for performance assurance.

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← Section III.4.3 states that a Bidder may provide comments on or propose modifications to the Standard PRE-Bid Letter of Credit for a Company exclusively by submitting a redline to the POST-Bid Letter of Credit for that Company. Can you confirm that this is a typographical error and that we should submit a redline of the Pre-Bid Letter of Credit with our comments or requests for modifications? Can you also confirm that, if the Collateral Threshold Amount for the Seller in Table 1 is greater than the Collateral Requirement, then a Seller will not need to post any performance assurance (assuming no other relevant credit exposures)? →

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