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Indexed REC-78: During the Term of the Indexed REC Contract can a Seller replace cash posted as performance assurance with a letter of credit?

Yes, this is possible. Cash posted as performance assurance may be replaced with a letter of credit under the Indexed REC Contract. The request for cash to be returned may be made to each company following the posting of an acceptable Letter of Credit to each of the companies. It is Seller’s responsibility to ensure … Continue reading During the Term of the Indexed REC Contract can a Seller replace cash posted as performance assurance with a letter of credit?

Indexed REC-77: If I have a 10MW project proposed at this stage and decide later on to build this into a larger project (such as a 25 MW project), can I bid RECs from the size increase into a subsequent procurement? How may I ensure that I only transfer the RECs for a portion of the project that I had originally intended based on the 10MW project size?

As part of the Part 1 Proposal, the Bidder will be required to confirm that the Project being proposed under the Indexed REC RFP has or will have a separate revenue quality meter and will have its own account within PJM EIS GATS or M-RETS. Please refer to FAQ-Indexed REC-40 for additional information on bidding … Continue reading If I have a 10MW project proposed at this stage and decide later on to build this into a larger project (such as a 25 MW project), can I bid RECs from the size increase into a subsequent procurement? How may I ensure that I only transfer the RECs for a portion of the project that I had originally intended based on the 10MW project size?

Indexed REC-74: Is it a requirement for my Project to interconnect with a specific regional transmission organization or utility?

Under the Indexed REC RFP Rules there is no requirement for where a Project must be interconnected or deliver its energy. The Project must either be in Illinois or in a state adjacent to Illinois. However, please note that a Project that is located in a state adjacent to Illinois must meet the public interest … Continue reading Is it a requirement for my Project to interconnect with a specific regional transmission organization or utility?