Public Act 102-0662 (the “Climate and Equitable Jobs Act”) was signed into law and became effective on September 15, 2021. This legislation calls for the procurement of Carbon Mitigation Credits (“CMCs”) from carbon-free energy resources in an amount of no more than approximately 54,500,000 CMCs annually for ComEd beginning with the delivery year commencing on … Continue reading Public Act 102-0662 calls for the procurement of Carbon Mitigation Credits (“CMCs”) from carbon-free energy resources. Where can I find information including the results for the procurement event held for CMCs?
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CMC-8: With reference to the CMC Contract, we provided suggested language and a sample calculation for how Subsidies could be accounted for in our comments. Can you share why our suggested language and sample calculation was not included in the CMC Contract posted on November 15, 2021?
Regarding the example PTC calculation provided in comments on the draft contract, the Procurement Administrator’s understanding is that this sample calculation incorporated concepts found in pending federal legislation that has not yet been enacted. An illustrative example predicated on proposed legislation would be inappropriate to memorialize in a legal instrument, especially as the underlying definitions … Continue reading With reference to the CMC Contract, we provided suggested language and a sample calculation for how Subsidies could be accounted for in our comments. Can you share why our suggested language and sample calculation was not included in the CMC Contract posted on November 15, 2021?
CMC-7: With reference to the CMC Contract, can the provision for Seller to provide “read-only access of information for the Facility by Seller within PJM Power Meter system” be removed? We view this information to be confidential and proprietary.
Regarding providing “read-only access of information for the Facility by Seller within PJM Power Meter system,” we note that Section 5(a) of the Cover Sheet states that “such data shall be treated and maintained as confidential and proprietary by the IPA and Buyer.” As such, Buyer’s responsibility to treat and maintain the information as confidential … Continue reading With reference to the CMC Contract, can the provision for Seller to provide “read-only access of information for the Facility by Seller within PJM Power Meter system” be removed? We view this information to be confidential and proprietary.
CMC-6: With reference to the CMC Contract, should the words “the value of monetized” be added to the definition of “Subsidy” as these words are used in Section 1-75(d-10) of the IPA Act?
The term “Subsidy” refers to the support program(s) that the successful bidder is eligible to apply for in relation to the Facility and which the successful bidder must make commercially reasonable efforts to apply for pursuant to Section 1-75(d-10)(3)(D) of the IPA Act. As such, we did not believe appropriate to add the suggested words … Continue reading With reference to the CMC Contract, should the words “the value of monetized” be added to the definition of “Subsidy” as these words are used in Section 1-75(d-10) of the IPA Act?
CMC-5: In relation to the Carbon Mitigation Credits RFP, we understand that there was a comment process that was held to solicit comments on the CMC Contract. Is there a negotiation process between the utility counterparty and bidders for additional changes to be considered and are we still able to make changes to the CMC Contract posted on November 15, 2021?
Thank you for your inquiry. In accordance with Section 1-75(d-10)(3)(F) of the Illinois Power Agency Act (20 ILCS 3855), “[t]he procurement and plan approval processes required by this paragraph (3) shall be conducted in conjunction with the procurement and plan approval processes required by Section 16-111.5 of the Public Utilities Act, to the extent practicable.” … Continue reading In relation to the Carbon Mitigation Credits RFP, we understand that there was a comment process that was held to solicit comments on the CMC Contract. Is there a negotiation process between the utility counterparty and bidders for additional changes to be considered and are we still able to make changes to the CMC Contract posted on November 15, 2021?
CMC-4: Can you provide instructions for submission of the Pre-Bid Letter of Credit to ComEd?
The instructions for submission of the Pre-Bid Letter of Credit to ComEd are now available upon request. Please email the Procurement Administrator at Illinois-RFP@nera.com.
CMC-3: Is a Bidder required to pay the Bid Participation Fee for the Fall 2021 Carbon Mitigation Credits RFP (“CMC RFP”)?
A Bidder that has not paid a Bid Participation Fee pursuant to its participation in a prior 2021 procurement event is required to pay a non-refundable Bid Participation Fee of $500 with the submission of their Proposal for the Fall 2021 CMC RFP. Such Bidder must pay the Bid Participation Fee to the IPA as … Continue reading Is a Bidder required to pay the Bid Participation Fee for the Fall 2021 Carbon Mitigation Credits RFP (“CMC RFP”)?
CMC-2: When is the eligibility information (i.e., information on the Bidder Eligibility Form (Appendix B to the Carbon Mitigation Credit Procurement Plan (“Plan”)) and the detailed narrative accompanying the Form) due to the Illinois Power Agency (“IPA”)?
As stated in the Carbon Mitigation Credit Procurement Plan filed for Illinois Commerce Commission (“Commission”) approval, “completed unit information submissions are required to be submitted to the Illinois Power Agency within five days of the Commission’s approval of the Plan”. The IPA will review the Eligibility Information received and, within two business days, notify applicants … Continue reading When is the eligibility information (i.e., information on the Bidder Eligibility Form (Appendix B to the Carbon Mitigation Credit Procurement Plan (“Plan”)) and the detailed narrative accompanying the Form) due to the Illinois Power Agency (“IPA”)?
CMC-1: What is the process for submitting comments on the draft CMC Contract?
Comments on the draft CMC Contract must be submitted by email to the Procurement Administrator at Illinois-RFP@nera.com. Comments must be clearly indicated with tracked changes in Microsoft Word. We strongly encourage you to provide explanatory notes either in a separate document or highlighted in tracked changes. Please provide telephone and email contact information with your … Continue reading What is the process for submitting comments on the draft CMC Contract?