Yes, representatives from the utilities, during the contract execution process, can respond to your questions regarding the eligibility of your guarantor.
As noted in the announcement to Bidders on August 29, the RECs from a Project that is selected through the Wind and Solar RFP and that is approved by the Illinois Commerce Commission will be allocated to the Companies in the following proportions: 29.33% to AIC, 70.34% to ComEd, and 0.33% to MEC. The Collateral … Continue reading What is the collateral requirement due to each utility? Is it $1.2M and if so how is it divided among the utilities?
A Project for which a Bid is not submitted is automatically pulled from further consideration in the W&S RFP. Bid assurance collateral is returned for all Projects presented at once and not on a project-by-project basis.
A Bidder with a partial award can expect to be notified that its Bids are identified as winning Bids to the Commission on the Bid Date. Should the Commission accept the results of the procurement event, which typically would occur four (4) business days after the Bid Date, the Bidder at that time would have … Continue reading If we win a partial award, how much time do we have to accept or reject the award?
The Procurement Administrator is not able to provide this information but appreciates the feedback. The Procurement notes that there are modifications acceptable to the utilities and posted on the procurement website. A winning supplier always has the option to post cash as security for the period during which it is finding an Issuing Bank for … Continue reading Our bank is not entirely comfortable with certain provisions of the Letter of Credit. Can you provide some examples of banks that have accepted the current form?
The final document containing the acceptable modifications to the Pre-Bid Letter of Credit for each Company includes all modifications reviewed and accepted during the Part 1 Proposal process. No further modifications will be considered by the Companies. This document is posted to the Final Materials page of the Wind and Solar section of the procurement … Continue reading We would like to request the ability to make further changes to the Pre-Bid Letters of Credit based on a request from our issuing bank. What is the process to have those further changes considered out-of-time (i.e., after the Part 1 Proposal process is complete and the final document containing the acceptable modifications has been posted)?
No. Section 1-75(c)(1)(G) of the IPA Act (20 ILCS 3855) provides statutory authority only for the IPA to conduct “initial forward procurements” of RECs from “new utility-scale wind projects” and “new utility-scale solar projects and brownfield site photovoltaic projects.” Section 1-75(c)(1)(C)(iii) defines new wind and solar “projects” as “renewable generating facilities,” while Section 1-10 of … Continue reading Will the IPA consider repowered facilities as “new” projects for purposes of the upcoming procurement event under the Wind and Solar RFP?
Payment instructions will be sent to winning Bidders at the time of the Commission decision.
ALL PROJECTS with winning bids selected through the current procurement event under the Wind and Solar RFP and that are approved with the Commission will have three contracts, one with each Company (AIC, ComEd, and MEC). The REC Contract is the same for all Companies.
The offer needs to be capped at 200,000 RECs for a solar Project. An offer greater than 200,000 RECs will be rejected.