In accordance with the Act and ICC Orders, the following information will be made public at the time of ICC approval: (i) the names of successful suppliers; (ii) the weighted average of the winning bids; and, the following information is also released provided that there are at least three (3) successful suppliers: (iii) the number … Continue reading Where can I find the results for the capacity procurement event held under the Fall 2023 BEC RFP?
Each year the IPA submits its Electricity Procurement Plan (“Plan”) to the Illinois Commerce Commission (“ICC”) in compliance with Public Act 95-0481 (the “Act”), which includes the Illinois Power Agency Act (“IPA Act”). Starting with the 2018 Procurement Plan, the IPA has conducted two capacity procurements to cover a portion of Ameren’s capacity requirements, one … Continue reading How often are capacity procurement events held, and for what Delivery Years will capacity be procured?
Only minor changes were made to the Confirmation Sheet for ComEd between the Spring 2023 BEC RFP and the Fall 2023 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.
The Procurement Administrator will not be soliciting comments on the Standard Pre-Bid Letters of Credit in the Fall 2023 Block Energy and Capacity RFP. Further, neither the Procurement Administrator nor the Companies review draft language for the Pre-Bid Letters of Credit. A Bidder that is submitting Bids for the Fall 2023 Block Energy procurement event … Continue reading Can we provide our draft Pre-Bid Letter of Credit for a Company, with modifications, for review prior to our bank issuing a final executed Pre-Bid Letter of Credit?
In accordance with the Act and ICC Orders, the following information is made public at the time of ICC approval of a procurement event for Energy Products for a Company: (i) the names of successful Bidders; (ii) the load-weighted average of the winning Bids for each Segment of each month; (iii) the load-weighted average of … Continue reading Where can I find the results from previous RFPs for Block Energy Products for AIC, ComEd, and MEC?
We, the Issuing Bank, hereby certify that as of the Date of Issuance of this Irrevocable Standby Letter of Credit our Senior Unsecured Debt is rated “A” or better by S&P Global Ratings (“S&P”) if rated by S&P, “A2” or better from Moody’s Investors Service (“Moody’s”) if rated by Moody’s, and “A” or better by … Continue reading If a bank is rated “A”- by Fitch Ratings (“Fitch”), is the bank acceptable as an Issuing Bank for the Post-Bid Letter of Credit?
The Bid Assurance Collateral Instructions for each Company were distributed to Bidders on August 16, 2023. Please contact the Procurement Administrator at Illinois-RFP@nera.com to receive these documents.
A winning supplier for AIC’s Energy Products in the Fall 2023 Block Energy and Capacity RFP that is already a supplier to AIC from a prior procurement event may not amend their existing Guaranty and must issue a new Guaranty. The contract execution process is fully described in Paragraph VI.2.18 of the RFP Rules and … Continue reading We are a current supplier for AIC’s Energy Products. If we win again in the upcoming Fall 2023 procurement event, can we amend our Guaranty that is currently in place under the (AIC) Confirmation Agreement or do we need to issue a new Guaranty?
A bank issuing a Pre-Bid Letter of Credit must meet the requirements listed in Paragraph 14 of the Standard Pre-Bid Letters of Credit or incorporate only modifications approved by a Company and posted to the procurement website. The final Standard Pre-Bid Letters of Credit and the final lists of acceptable modifications to the Pre-Bid Letters … Continue reading Is it acceptable for a U.S. agency office of a foreign bank to issue the Pre-Bid Letter of Credit?
With the Part 2 Proposal, a Bidder that intends to submit Bids for a procurement event must submit bid assurance collateral in the form of either cash or an executed Pre-Bid Letter of Credit to that Company for that procurement event in an amount sufficient to support the Bids. A letter of intent to provide … Continue reading If I choose to rely on the financial standing of a Guarantor with the Part 1 Proposal, am I required to submit a letter of intent to provide a guaranty as part of my bid assurance collateral with the Part 2 Proposal?