The Part 1 Proposal is a Bidder’s opportunity to submit comments on or propose modifications to the Standard Pre-Bid Letter of Credit for a Company that is due with the Part 2 Proposal. In relation to possible disclosures that you may be required to make to regulators, we cannot assess what these disclosures may be … Continue reading Can we propose a modification to the conditions for drawing on the Pre-Bid Letter of Credit? We are specifically looking at the provision where a draw could occur if the Bidder disclosed information relating to its Proposal publicly or to any other party before the Illinois Commerce Commission has rendered its decision on the results of the Procurement Event. We realize this is not listed as an acceptable modification, but this could conflict with disclosures we may be required to make to our regulators.
Bidders may complete Inserts by digitally signing the Insert and providing along with the Insert an additional document or information that verifies the identity of the signatory. For Inserts that require the signature to be notarized, notarization is not required if the Insert is digitally signed. The signature line for the Notary Public may be … Continue reading If an Insert is digitally signed, is the signature still required to be notarized?
A Bidder is required to pay the Bid Participation Fee once for all 2020 Procurement Events.
The executed Pre-Bid Letter of Credit for AIC Capacity Products must be submitted to AIC and to the Procurement Administrator as an electronic PDF file via electronic means.
Under the terms of the (AIC) Capacity Agreement, payments to Seller will be reduced if the Compliance Zone ACP is greater than the Source Zone ACP where the Compliance Zone is LRZ4. If the amount of the payment reduction is greater than the unadjusted payment, then Seller (not Buyer) will have to pay Buyer under … Continue reading I understand that there could be a payment adjustment under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will result in a reduced payment to Seller?
Under the terms of the (AIC) Capacity Agreement, payments to Seller will only be adjusted to reflect an increased payment if the Source Zone ACP is greater than the Compliance Zone ACP where the Compliance Zone is LRZ4. For purposes of the below example, the “ACP” refers to the Auction Clearing Price from the MISO … Continue reading I understand that there could be a payment adjustment under the (AIC) Capacity Agreement if the ZRCs are not from the compliance zone. Can you provide an example where the adjustment will add to the payment to Seller?
Yes, this is correct. Only ZRCs from outside the compliance zone are subject to payment adjustments under the term of the (AIC) Capacity Agreement.
The Procurement Administrator aims to respond to questions within five business days. While the proposal windows for a procurement event are open, the Procurement Administrator aims to respond to questions regarding that procurement event within two business days. Bidders may follow up if they have not received an answer within these time frames at Illinois-RFP@nera.com.
Bid assurance collateral must be provided in the form of a letter of credit. The Bidder must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Bidder must submit a Pre-Bid Letter of Credit that incorporates only those modifications to the Standard Pre-Bid Letter of Credit … Continue reading Is cash an acceptable alternative to the Pre-Bid Letter of Credit under the Block Energy and Capacity RFP?
A Bidder may provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for a procurement event that are non-material in nature, or that clarify the intent of the Standard Pre-Bid Letter of Credit, or that are advantageous to both the Company and the Bidder. Comments are solicited during the Part 1 … Continue reading I note that the Standard Forms of the Pre-Bid Letters of Credit have changed and that the final Standard Forms have been posted. We have comments from our bank at this time. Can we submit them ahead of the Part 1 Window?