Please address all questions regarding the contract execution process to the relevant utility. Contact information will be provided to winning bidders upon request.
The IPA did not solicit for capacity in the 2014 Standard Product procurement events and thus there is no June 2015-May 2016 product for comparison.
For the energy contracts, ComEd and Ameren Illinois do not specify any amount since typically no credit exposure exists when the contracts are signed. If, after signing, credit exposure develops, the Company will send the Winning Bidder a margin call notice. Winning Bidders may, at their option, provide a nominal amount for a guaranty in … Continue reading What should the guaranteed amount be increased to, in order to cover the results of the recent auction for both Ameren and ComEd?
The Fall 2015 Standard Products RFP included a procurement of capacity for Ameren Illinois for the delivery period 2016/17. Results of the RFP are posted to the Standard Products Section of the procurement website ipa-energyrfp.com . We will add you the registration list.
For the energy contracts, ComEd and Ameren Illinois (each a “Company”) do not specify any amount since typically no credit exposure exists when the contracts are signed. If, after signing, credit exposure develops, the Company will send the Winning Bidder a call notice. Winning Bidders may, at their option, provide a nominal amount for a … Continue reading 1. Are the amounts of the performance assurance collateral due as part of the contract execution process for the STP RFP pre-specified by Ameren and ComEd?
The process is explained in the RFP Rules (Please see Paragraph VI.2.10). If multiple Bidders submit Bids of the same amount ($/MW-Day) resulting in a tie for the highest accepted price the winning Bids will be selected at random. No selection preference will be given to identical Bids submitted at any particular time or in … Continue reading How are tied bids handled under the Standard Products RFP?
For a Bidder that has in place a guaranty with a foreign guarantor, ComEd will accept the same dated documents to satisfy the requirements of the Part 2 Proposal as long as there has not been a change in the corporate structure of your guarantor that would impair the validity of those documents. For purposes … Continue reading Are returning bidders relying on a foreign Entity as RFP Guarantor allowed to use the legal opinion submitted in a previous RFP to satisfy the requirements of the Fall 2015 STP RFP Part 2 Proposal?
For each block on which a Bidder intends to Bid, the Letter of Credit must be in an amount to cover $5,000 times the number of months in the block. For example, the Letter of Credit would need to include $5,000 to cover a bid on a single month block, but it would need to … Continue reading Can you please explain how the Letter of Credit amount should be calculated for combination blocks?
Formulas can be included in the Bid Form as long as the Bid is displayed as a price in $/MWh and would appear as such if the Bid Form were printed. Please note, however, that a Bidder may not submit any additional instructions, contingencies, or conditions on their Bids.
No. The acceptable modifications to the Post-Bid Letter of Credit for ComEd are included as “options” in the (ComEd) Master Agreement. Please use Schedule 1A to the Collateral Annex and Exhibit A to that Schedule 1A, both posted under the Fall 2015 ComEd Energy Master Agreement heading on the Standard Products page of the procurement … Continue reading Can we propose modifications to the Post-Bid Letters of Credit?