A project located in a COOP region can qualify to participate in the Indexed REC RFP. Such a project must meet the requirements in Sections IV and V of the Indexed REC RFP Rules. Please note, any Brownfield Site Photovoltaic Project must meet such definition in Section 1.9 of the Indexed REC Contract and be … Continue reading Is it possible for a Project located in a COOP region to be able to qualify and bid in the Indexed REC RFP?
‘The selected projects in the Summer 2023 Indexed REC Procurement Results, dated June 29, 2023 are different projects from the selected projects in the Fall 2022 Indexed REC Procurement Results, dated December 15, 2022. In accordance with Section 16-111.5(h) of the Illinois Public Utilities Act, the following information is made public at the time of … Continue reading Are the projects listed in the Summer 2023 Indexed REC Procurement Results in addition to those listed on the Fall 2022 Indexed REC Procurement Results?
The Seller must submit the reports required by Section 6.4 Minimum Equity Standard of the Indexed REC Contract to the IPA using the IPA’s online MES Compliance Plan Form. A separate report must be filed for each Project.
Two electronic methods of payment, ACH or E-Pay, will be accepted by the IPA for the payment of the required supplier fees. The Procurement Administrator will distribute detailed instructions for payment of the supplier fees to Bidders that have Bids approved by the ICC. The ICC renders its decision on the results of the Summer … Continue reading Can you provide instructions on the payment of the Supplier Fee?
The amount of the Performance Assurance is defined in Section 7.1 of the Indexed REC Contract. “The amount of such Seller’s Performance Assurance shall be equal to the positive difference, if any, between: (a) the Collateral Requirement (or Increased Collateral Requirement, if applicable); and (b) the Collateral Threshold, rounded up to the nearest $10,000, as … Continue reading Can you give more details on the initial Performance Assurance to be posted under the Indexed REC Contract if Seller is not eligible for unsecured credit?
The IPA does not review draft Project Labor Agreements or approve elements of a reporting requirement or required document before the such report or document has been submitted. Please note that the Seller is responsible for understanding and complying with the requirements of the Indexed REC Contract, even where a contractor or subcontractor will be … Continue reading Can we provide the IPA a draft of the Project Labor Agreement (PLA) or a draft of PLA related provisions we intend to insert into our EPC contractor agreement so that the IPA can determine if the language is acceptable? Specifically, if we include in our EPC contractor agreement the relevant PLA related provisions so that the PLA requirements flow through to the EPC contractor and requiring the EPC contractor to negotiate a PLA, would that be a satisfactory way for us to comply with the PLA requirements under the Indexed REC Contract? If this is not satisfactory, please provide us guidance on the PLA requirements.
No, under the Indexed REC Contract not all RECs generated by the Project are eligible for payment. These ineligible RECs include but are not limited to those outlined in Section 2.3(f) of the Indexed REC Contract; RECs outside of the Acceptable Vintage Period (2.1(c)) RECs transferred in excess of the Maximum Contract Quantity (4.1(f)) any … Continue reading Are all RECs generated from the Project eligible for payment under the Indexed REC Contract? Is there a maximum amount of RECs that can be delivered?
Please use the Supplier Request Form and Vendor Request Form provided in the Bid Assurance Collateral Instructions distributed for Summer 2023 Indexed REC RFP. Updated Supplier Request Forms are provided by the Companies before each solicitation and the Bidder must complete the Supplier Request Forms for each solicitation per Bid Assurance Collateral Instructions provided with … Continue reading Can returning bidders use AIC Supplier Request Forms or MEC Vendor Request Forms from prior IPA procurement events for purposes of the Part 2 Proposal?
First, if you bid and win in the RFP, the RECs from your winning Project will be allocated by the Procurement Administrator to the Companies in pre-specified proportions (27.793% to AIC, 71.925% to ComEd, and 0.282% to MEC). As such, it is contemplated that you will sign three contracts, one with each of AIC, ComEd … Continue reading What is the relationship between the annual quantity indicated in our bid and the annual quantity in the Indexed REC Contract? Also, how is the Maximum Contract Quantity under the Indexed REC Contract determined?
Bids are not submitted with the online Part 2 Form by the Part 2 Date. A Bidder must submit the Part 2 Proposal, excluding Bids, to the Procurement Administrator by 12 PM (noon) on the Part 2 Date. The Bidder’s Bids must be received between 10 AM and 12 PM (noon) on the Bid Date. … Continue reading Is the Indicative Quantity submitted in the online Part 2 Form part of the Bid?