Please email the Procurement Administrator at Illinois-RFP@nera.com to receive these documents.
Archives
BEC-27: Can the Issuing Bank request that the Pre-Bid Letter of Credit for a Company be cancelled before the Expiration Date?
The Issuing Bank may request that the Pre-Bid Letter of Credit for a Company be cancelled before the Expiration Date but after the ICC renders its decision on the results of a procurement event if either: 1) the Bidder is a winning Bidder, the applicable supplier contract and related documents have been executed, the Bidder … Continue reading Can the Issuing Bank request that the Pre-Bid Letter of Credit for a Company be cancelled before the Expiration Date?
BEC-26: Are there changes between the contract documents used for the Spring 2021 BEC RFP and the contract documents used for the Fall 2021 BEC RFP?
Only minor changes were made to the Confirmation Sheet for ComEd between the Spring 2021 BEC RFP and the Fall 2021 BEC RFP. All other contract documents remain unchanged. Please see the document entitled “Redline (Spring 2021 vs Fall 2021) Confirmation Sheet – Sample (July 20, 2021)” posted to the Final Materials page of the … Continue reading Are there changes between the contract documents used for the Spring 2021 BEC RFP and the contract documents used for the Fall 2021 BEC RFP?
BEC-25: Does a bidder need to submit an indicative quantity in the Part 2 Form, indicating the number of blocks they intend to bid across all segments and months for a Company?
Beginning with this Fall 2021 BEC bidders do not provide the number of blocks they intend to bid for across all segments and months for a Company by expressing an indicative quantity in the Part 2 Form. The number of blocks a bidder is eligible to bid for across all segments and months for a … Continue reading Does a bidder need to submit an indicative quantity in the Part 2 Form, indicating the number of blocks they intend to bid across all segments and months for a Company?
BEC-24: Is cash an acceptable alternative to the Pre-Bid Letter of Credit under the Block Energy and Capacity RFP?
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?
BEC-23: If a bank is rated “A-” by S&P Global Ratings (“S&P”), is the bank acceptable as an Issuing Bank for the Pre-Bid Letter of Credit?
A bank that has a rating of “A-” from S&P is not acceptable as an Issuing Bank for the Pre-Bid Letter of Credit. As specified in Paragraph 14 of the Pre-Bid Letter of Credit, if a bank is rated by S&P, the bank must be rated “A” or better.
BEC-22: Do you have contact information for banks that will issue a Pre-Bid Letter of Credit for a procurement event under the BEC RFP?
Please email the Procurement Administrator at Illinois-RFP@nera.com regarding this request.
BEC-21: Our bank is requiring the physical address of a Beneficiary for purposes of issuing a Pre-Bid Letter for a Company even though the bank will submit the Pre-Bid Letter of Credit to a Company and to the Procurement Administrator as an electronic PDF file via electronic means only. Can you provide the physical addresses for the Companies for purposes of issuing Pre-Bid Letters of Credit?
Please email the Procurement Administrator at Illinois-RFP@nera.com to receive this information.
BEC-20: Is participation in the BEC RFP restricted to generation sources?
Under the supplier contract, there is no generation source specified for purposes of meeting the obligations. A Product in the procurement of Block Energy is a constant quantity of energy to be supplied to a Company at the delivery point specified by that Company in either the On-peak Segment or the Off-Peak Segment of a … Continue reading Is participation in the BEC RFP restricted to generation sources?
BEC-19: Where can I find the final Targets for the procurement events under the Fall 2021 Block Energy and Capacity RFP?
Final Targets for the procurement events under the Fall 2021 Block Energy and Capacity RFP were included in the Fall 2021 Block Energy and Capacity RFP Rules posted to the RFP website on July 21, 2021. The final Targets can be found in Tables I-1, I-2, I-3, I-4, and I-5. Bidders successfully completing the Part … Continue reading Where can I find the final Targets for the procurement events under the Fall 2021 Block Energy and Capacity RFP?