The exact amount of the supplier fee will be announced no later than two (2) business days before the Bid Date.
A bidder specifies a “minimum capacity” in kW (AC rating) with its Bid on a Project. The Seller commits to accepting for a Project an award either at the Minimum Capacity specified with the Bid for that Project or at the Project Size. In your example, if the Project is selected at a Minimum Capacity … Continue reading If we specify a minimum capacity in the bid for a Project, are we required to build the Project at that minimum capacity? For example, if we specify a 1.5 MW minimum capacity, can we build a 2 MW Project knowing that we will receive revenue from the sale of RECs associated with only 1.5 MW?
Please send any questions you have regarding the delivery of bid assurance collateral or the delivery of performance assurance to the Procurement Administrator. The Procurement Administrator will respond to your questions and contact personnel at the utilities for information on your behalf as appropriate.
The Procurement Administrator expects to notify a bidder that has bids that were evaluated whether any of the bidder’s bid will be identified as “winning bids” to the Commission by 6 PM on the bid date. Such notification is made earlier to the extent practicable or may be made on the next business day as … Continue reading Will bidders get a notification from the Procurement Administrator about whether the bidder had bids that will be identified as “winning bids” to the Commission?
It is correct that even though a Project may be physically located in the territory of ComEd, if the Project is selected by the evaluation and approved by the Commission, the counterparty to the REC Contract can be Ameren Illinois (and vice-versa). A bidder must submit bid assurance collateral for the project in the form … Continue reading Is it correct that a Project may be physically located in one utility territory but it is nevertheless possible for the REC Contract for the Project with the other utility? Is a bidder required to submit bid assurance collateral and bid assurance collateral documents to both Ameren and ComEd?
The Part 2 Proposal consists of the completed online Part 2 Form, the submission of bid assurance collateral, the submission of any other document required by the online Part 2 Form, and the bids. Only the bids are submitted on the Bid Date of December 13, 2019. All other portions of the Part 2 Proposal, … Continue reading Is the bid assurance collateral due on the Part 2 Date or on the Bid Date?
The evaluation procedure will not select Projects which combine to deliver in excess of 50,000 RECs. If a Project has an expected output of 50,000 RECs (using the standard capacity factor or the capacity factor provided in the proposal) and if the Project is selected by the evaluation and approved by the Commission, then under … Continue reading Is it possible for the Target of 50,000 to be exceeded and for a Project to receive payment for more than 50,000 RECs annually?
A seller that fails to pay the supplier fee and/or post performance assurance faces forfeiture of the bid assurance collateral. Furthermore, under the REC Contract, not constructing the project on a timely basis or not delivering RECs are Events of Default subject to termination provisions, which entitle the Buyer as the Non-Defaulting Party to the … Continue reading If our Project is selected and we execute the REC Contracts, what are financial penalties if we abandon the project at that point (failing to pay the Supplier Fees and/or posting the performance assurance)?
A Company may draw upon the letter of credit or a Company may draw upon a cash deposit if: (i) the Bidder or a Seller has disclosed information relating to the Proposal for a Project publicly or to any other party before the Illinois Commerce Commission has rendered its decision on the results of the … Continue reading When can the Company draw upon bid assurance collateral submitted by a bidder?
The amount of bid assurance collateral required for the Projects presented by a Bidder is determined separately for each Project and each Company as detailed below: The amount of bid assurance collateral required for AIC is $10,000 per Project. The amount of bid assurance collateral required for ComEd is $20,000 per Project. Each co-located Project … Continue reading Do co-located projects count as a single project for purposes of bid assurance collateral?