Bidders had the opportunity to provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for each Company with the Part 1 Proposal. On March 15, 2021, the Procurement Administrator posted the final lists of acceptable modifications to the Pre-Bid Letters of Credit to the Final Materials page under each of Appendices … Continue reading When can a Bidder provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for each Company?
The Procurement Administrator posted the Final Targets for energy and capacity to the Final Materials page of the Block Energy and Capacity section of the procurement website on March 18, 2021.
The instructions for submission of the Pre-Bid Letter(s) of Credit are available upon request. Please email your request to the Procurement Administrator at Illinois-RFP@nera.com and indicate the procurement event(s) for which you plan to participate. These instructions will be sent to all Bidders that submit a Part 1 Proposal on Friday, March 12.
The Targets are not available in Microsoft Excel format. Preliminary Targets are available in the RFP Rules posted to the Final Materials page of the RFP website. The Final Targets will be provided to bidders in pdf format and are expected to be provided with the Part 1 Notification on March 18, 2021.
As part of the Part 2 Proposal, a Bidder that intends to bid on the Energy Products for AIC, Energy Products for ComEd, and/or Energy Products for MEC must provide an executed Pre-Bid Letter of Credit to each of the respective Companies separately. For each Company, the Bidder must either use the Standard Pre-Bid Letter … Continue reading Is a Pre-Bid Letter of Credit required to bid on the Energy Products for AIC, ComEd, and MEC? If so, when are the Pre-Bid Letters of Credit due?
The target for June 2020 for AIC was 20 blocks. These 20 blocks were filled with 17 blocks of the On-Peak June 2020 Product as well as 3 blocks of the June 2020 to May 2021 Combination. The price of $24.65/MWh is the average of the winning bid prices for the 17 blocks of the … Continue reading Taking June 2020 for AIC as an example, why are there two prices in the results table ($24.65/MWh and $25.37/MWh)?
After Commission approval of the results, the Companies will work with suppliers to provide instructions for delivery of letters of credit. Each Company will provide instructions for electronic delivery and/or hardcopy delivery. Please note that the terms of the letters of credit already provide for electronic transmission or documents and communications.
Neither the Procurement Administrator nor the Companies review draft language for the Pre-Bid Letters of Credit. The Procurement Administrator issued instructions on March 31 and again on April 3 regarding the Pre-Bid Letters of Credit. Aside from these instructions, the Pre-Bid Letter of Credit for a Company must be in the form of the Standard … Continue reading Our bank wants to suggest additional modifications to the Standard Pre-Bid Letter of Credit given that the letter of credit will be issued electronically. Can you please review?
Neither the Procurement Administrator nor the Companies review draft language for the Pre-Bid Letter of Credit. Please see FAQ-BEC-26 as updated on 4/13/2020 for the inclusion of an email address to Paragraph 4 that is generally acceptable to the Companies.
The Procurement Administrator announced Supplier Fees on April 14, 2020. They are as follows: $165 per on-peak block; $110 per off-peak block; $20 per ZRC.