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STP-79: What should the guaranteed amount be increased to, in order to cover the results of the recent auction for both Ameren and ComEd?

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?

STP-77: 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?

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?

STP-76: 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 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?

STP-75: Can you please explain how the Letter of Credit amount should be calculated for combination blocks?

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?

STP-73: Can we propose modifications to the Post-Bid Letters of Credit?

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?