It is the Procurement Administrator’s understanding that each of the supplier contracts for a Company will be administered separately such that margining under each contract will be calculated separately. Should multiple supplier contracts be subject to a margin call, a Company may transmit each such margin call under a single aggregate margin call. There will … Continue reading Should we expect a single margin process for netting exposure across all supplier contracts for a Company if we have multiple agreements in place with the Company?
Archives
BEC-52: Does the IPA plan to conduct any additional procurement events for capacity for the 2023-2024 and 2024-2025 Delivery Years? Are we able to submit individual offers for capacity to AIC?
On September 7, 2022, the Fall 2022 AIC capacity procurement event originally scheduled to be held on September 16, 2022 was cancelled when the IPA filed a Notice of Cancellation of Capacity Procurement Event with the ICC. At this time, the IPA is still in the process of considering next steps for procuring capacity for … Continue reading Does the IPA plan to conduct any additional procurement events for capacity for the 2023-2024 and 2024-2025 Delivery Years? Are we able to submit individual offers for capacity to AIC?
BEC-51: Are there changes between the contract documents used for the Spring 2022 BEC RFP and the contract documents used for the Fall 2022 BEC RFP?
Only minor changes were made to the Confirmation Sheet for ComEd between the Spring 2022 BEC RFP and the Fall 2022 BEC RFP. All other contract documents remain unchanged. Redlines of these changes are posted to the Final Materials page of the Block Energy and Capacity section of the procurement website.
BEC-50: Can we use an alternate form of guaranty with either AIC or ComEd?
No. Bidders in the AIC Energy procurement event wishing to rely on the financial standing of a Guarantor must use the standard form of guaranty, Form of Guaranty, and may incorporate the optional changes for AIC. The optional changes for AIC are in the documents named “Schedule 1 to the Form of Guaranty” and “Schedule … Continue reading Can we use an alternate form of guaranty with either AIC or ComEd?
BEC-49: How do I register for the Bidder Training?
You do not need to register for Bidder Training. The Bidder Training consists of time set aside for Bidders to practice all aspects of the bid submission procedures. The Procurement Administrator is available at that time answer questions regarding the completion of the Bid Form(s) and to evaluate the Bid Form(s). Bidder training is done … Continue reading How do I register for the Bidder Training?
BEC-48: When and under what circumstances will the cash posted as bid assurance collateral for the Fall 2022 BEC RFP be returned?
All bid assurance collateral remains in place until the Commission has rendered a decision on the results of a procurement event. For Bidders with Bids approved by the Commission, bid assurance collateral remains in place until full execution of the applicable supplier contract and until payment of the Supplier Fee is received. Return of cash … Continue reading When and under what circumstances will the cash posted as bid assurance collateral for the Fall 2022 BEC RFP be returned?
BEC-47: What are the expiration dates for the Pre-Bid Letters of Credit for the Fall 2022 BEC RFP?
The expiration date for the Pre-Bid Letters of Credit for Energy Products is October 5, 2022. The expiration date for the Pre-Bid Letter of Credit for AIC Capacity Products is October 12, 2022.
BEC-46: Has the Illinois Commerce Commission ever rejected the Procurement Administrator’s recommendation for the results of a procurement event for a Company for block energy?
In regards to procurement events held for block energy, within two (2) business days of the Bid Date, the Procurement Administrator submits a confidential report that provides the results of the bidding, as well as a recommendation on whether the results should be accepted or rejected to the Commission for each procurement event (i.e. a … Continue reading Has the Illinois Commerce Commission ever rejected the Procurement Administrator’s recommendation for the results of a procurement event for a Company for block energy?
BEC-45: If we have winning bids in the Fall 2022 Block Energy and Capacity RFP that are approved by the Commission and therefore become a supplier under an applicable supplier contract, are we able to work directly with a Company during the delivery term to receive a credit assessment for a Guarantor and submit a Guaranty?
Yes, a supplier may work directly with a Company during the delivery term to receive a credit assessment for a Guarantor and to submit a Guaranty. The creditworthiness assessment includes a review of the Guarantor’s credit ratings and financial information. A supplier may not rely on a Guarantor that does not meet the minimum credit … Continue reading If we have winning bids in the Fall 2022 Block Energy and Capacity RFP that are approved by the Commission and therefore become a supplier under an applicable supplier contract, are we able to work directly with a Company during the delivery term to receive a credit assessment for a Guarantor and submit a Guaranty?
BEC-44: Are suppliers able to provide multiple forms of performance assurance to meet their obligations under the (AIC) Confirmation Agreement and the (ComEd) Master Agreement? Stated another way, are suppliers able to provide both a letter of credit and cash simultaneously to meet their performance assurance obligations?
Yes. A supplier may post any required performance assurance under the (AIC) Confirmation Agreement and the (ComEd) Master Agreement using both cash and a letter of credit at the same time.