Source: https://www.ipa-energyrfp.com/2018-block-energy-and-capacity-rfps/
Timestamp: 2020-08-12 23:07:30
Document Index: 85272782

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2018 Block Energy (AIC, ComEd, and MEC) and Capacity (AIC) Procurement Events | Illinois Power Agency RFPs
2018 Block Energy (AIC, ComEd, and MEC) and Capacity (AIC) Procurement Events
On September 25, 2017, the IPA submitted its Procurement Plan (“Plan”) to the Illinois Commerce Commission (“ICC”) in compliance with Public Act 095-0481 (the “Act”), which includes the Illinois Power Agency Act (“IPA Act”). The ICC issued its Order with regards to the Plan on December 20, 2017. The Plan approved by the ICC provides for (i) a Spring 2018 procurement of monthly on-peak and off-peak standard block forward products as well as combinations for AIC, ComEd, and MEC; (ii) a Spring 2018 procurement of capacity for AIC for a period starting June 1, 2019; (iii) a Fall 2018 procurement of monthly on-peak and off-peak standard block forward products as well as combinations for AIC, ComEd, and MEC; and (iv) a Fall 2018 procurement of capacity for AIC for a period starting June 1, 2019. The supply period for the standard block forward products will be June 1, 2018 to May 31, 2021. These procurement events are held under the Block Energy and Capacity RFP or “BEC RFP”.
Fall 2018 Block Energy and Capacity RFP Calendar (May 24, 2018)
Spring 2018 Block Energy and Capacity RFP Calendar (February 26, 2018)
Click here to view archived Block Energy and Capacity FAQs
Fall 2018 Block Energy and Capacity RFP Results
Block Energy Procurement Events Results (September 14, 2018)
ICC Public Notice of Block Energy Procurement Events Results (September 14, 2018)
AIC Capacity Procurement Event Results (September 12, 2018)
ICC Public Notice of AIC Capacity Procurement Event Results (September 12, 2018)
Spring 2018 Block Energy and Capacity RFP Results
AIC Capacity Procurement Event Results (April 19, 2018)
ICC Public Notice of AIC Capacity Procurement Event Results (April 19, 2018)
Block Energy Procurement Events Results (April 13, 2018)
ICC Public Notice of Block Energy Procurement Events Results (April 13, 2018)
Fall 2018 Block Energy and Capacity RFP
Fall 2018 Block Energy and Capacity RFP Bidder Information Webcast
IPA Fall 2018 BEC Bidder Information Webcast Slides (August 7, 2018)
IPA Fall 2018 BEC Bidder Information Webcast Recording (August 7, 2018)
FINAL Fall 2018 Block Energy and Capacity RFP Targets
Final BEC Targets (August 7, 2018)
FINAL Fall 2018 Block Energy and Capacity RFP Documents
Fall 2018 RFP Rules (June 20, 2018)
Appendix 5: Part 1 Form (Illustrative) (June 20, 2018)
P1 Form: P1 Inserts For Bidders On AIC Energy (June 20, 2018)
P1 Form: P1 Inserts For Bidders On ComEd (June 20, 2018)
P1 Form: P1 Inserts For Bidders On MEC (June 20, 2018)
P1 Form: P1 Inserts For Bidders On AIC Capacity (June 20, 2018)
P1 Form: P1 Inserts For Bidders With Special Circumstances (June 20, 2018)
Appendix 6: Part 2 Form (Illustrative) (June 20, 2018)
P2 Form: P2 Insert For Bidders Retaining an Advisor (June 20, 2018)
P2 Form: P2 Insert For Bidders On AIC Energy (June 20, 2018)
P2 Form: P2 Insert For Bidders On ComEd (June 20, 2018)
P2 Form: P2 Insert For Bidders On MEC (June 20, 2018)
P2 Form: P2 Insert For Bidders On AIC Capacity (June 20, 2018)
P2 Form: P2 Insert For Bidders Under An Agency Agreement (June 20, 2018)
7A: Illustrative Bid Form 18-19 Delivery Year (June 20, 2018)
7B: Illustrative Bid Form 19-21 Delivery Years (June 20, 2018)
Appendix 8: Bid Form Capacity Product (Illustrative) (June 20, 2018)
Appendix 9: Financial Attestation (June 20, 2018)
Appendix 10: Standard Pre-Bid Letter of Credit for AIC Energy Products (June 20, 2018)
Acceptable Modifications to the Standard Pre-Bid LC for AIC Energy Products (August 8, 2018)
Appendix 11: Standard Pre-Bid Letter of Credit for ComEd (June 20, 2018)
Acceptable Modifications to the Standard Pre-Bid LC for ComEd (August 8, 2018)
Appendix 12: Standard Pre-Bid Letter of Credit for MEC (June 20, 2018)
Acceptable Modifications to the Standard Pre-Bid LC for MEC (August 8, 2018)
Appendix 13: Standard Pre-Bid Letter of Credit for the AIC Capacity Product (June 20, 2018)
Acceptable Modifications to the Standard Pre-Bid LC for the AIC Capacity Product (August 8, 2018)
Appendix 14: Officers’ Certificate (for Bidders under an Agency Agreement) (June 20, 2018)
Appendix 15: Confidentiality Statement (June 20, 2018)
Appendix 16: Additional Information Concerning Maximum Willingness to Supply (June 20, 2018)
FINAL FALL 2018 BLOCK ENERGY AND CAPACITY RFP – ENERGY AGREEMENTS
FINAL Fall 2018 (AIC) Confirmation Agreement
Confirmation Agreement (June 20, 2018)
Form of Guaranty (June 20, 2018)
Schedule 1 to the Form of Guaranty (June 20, 2018)
Schedule 2 to the Form of Guaranty (June 20, 2018)
Post-Bid Standard Form of Letter of Credit - Option 1 (June 20, 2018)
Post-Bid Standard Form of Letter of Credit - Option 2 (June 20, 2018)
Letter of Full Transfer - Schedule 1 (June 20, 2018)
Letter of Full Transfer - Schedule 2 (June 20, 2018)
Letter of Full Transfer - Schedule 3 (June 20, 2018)
Exhibit C - Master Power Purchase & Sales Agreement (June 20, 2018)
Exhibit D - Collateral Annex (June 20, 2018)
Exhibit E - Paragraph 10 to the Collateral Annex (June 20, 2018)
Redline (Spring 2018 vs Fall 2018) Confirmation Agreement (June 22, 2018)
FINAL Fall 2018 ComEd Energy Master Agreement
EEI Master Agreement and Coversheet (June 20, 2018)
Collateral Annex and Original Schedule 1 (June 20, 2018)
Schedule 1A to the Collateral Annex (Post-Bid Standard Form of Letter of Credit) - Option 1 (June 20, 2018)
Schedule 1A to the Collateral Annex (Post-Bid Standard Form of Letter of Credit) - Option 2 (June 20, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 1 (June 20, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 2 (June 20, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 3 (June 20, 2018)
Collateral Annex Paragraph 10 (with Elections) (June 20, 2018)
Schedule 2 to the Collateral Annex (Guaranty) (June 20, 2018)
Optional Changes to the Form of Guaranty (June 20, 2018)
Schedule 2B to the Collateral Annex (Foreign Guarantor Requirements) (June 20, 2018)
Schedule 3 to the Collateral Annex (MtM Calculation) (June 20, 2018)
Confirmation Sheet - Sample (June 20, 2018)
Redline (Spring 2018 vs Fall 2018) Confirmation Sheet - Sample (June 22, 2018)
FINAL Fall 2018 (MEC) Confirmation Agreement
FINAL FALL 2018 BLOCK ENERGY AND CAPACITY RFP – THE (AIC) CAPACITY AGREEMENT
FINAL Fall 2018 (AIC) Capacity Agreement
Capacity Agreement (June 20, 2018)
Spring 2018 Block Energy and Capacity RFP
FINAL Spring 2018 Block Energy and Capacity RFP Targets
Final BEC Targets (April 4, 2018)
Spring 2018 Block Energy and Capacity RFP Bidder Information Webcast
BEC Bidder Information Webcast Slides Corrected (March 15, 2018)
BEC Bidder Information Webcast Recording (March 14, 2018)
FINAL Spring 2018 Block Energy and Capacity RFP Documents
Spring 2018 RFP Rules (March 14, 2018)
Appendix 5: Part 1 Form (Illustrative) (March 14, 2018)
P1 Form: P1 Inserts For Bidders On AIC Energy (March 14, 2018)
P1 Form: P1 Inserts For Bidders On ComEd (March 14, 2018)
P1 Form: P1 Inserts For Bidders On MEC (March 14, 2018)
P1 Form: P1 Inserts For Bidders On AIC Capacity (March 14, 2018)
P1 Form: P1 Inserts For Bidders With Special Circumstances (March 14, 2018)
Appendix 6: Part 2 Form (Illustrative) (March 14, 2018)
P2 Form: P2 Insert For Bidders Retaining an Advisor (March 16, 2018)
P2 Form: P2 Insert For Bidders On AIC Energy (March 14, 2018)
P2 Form: P2 Insert For Bidders On ComEd (March 14, 2018)
P2 Form: P2 Insert For Bidders On MEC (March 14, 2018)
P2 Form: P2 Insert For Bidders On AIC Capacity (March 14, 2018)
P2 Form: P2 Insert For Bidders Under An Agency Agreement (March 16, 2018)
7A: Illustrative Bid Form 18-19 Delivery Year (March 14, 2018)
7B: Illustrative Bid Form 19-21 Delivery Years (March 14, 2018)
Appendix 8: Bid Form Capacity Product (Illustrative) (March 14, 2018)
Appendix 9: Financial Attestation (March 14, 2018)
Appendix 10: Standard Pre-Bid Letter of Credit for AIC Energy Products (February 26, 2018)
Acceptable Modifications to the Standard Pre-Bid LC for AIC Energy Products (March 16, 2018)
Appendix 11: Standard Pre-Bid Letter of Credit for ComEd (February 26, 2018)
Acceptable Modifications to the Standard Pre-Bid LC for ComEd (March 16, 2018)
Appendix 12: Standard Pre-Bid Letter of Credit for MEC (February 26, 2018)
Acceptable Modifications to the Standard Pre-Bid LC for MEC (March 16, 2018)
Appendix 13: Standard Pre-Bid Letter of Credit for the AIC Capacity Product (February 26, 2018)
Acceptable Modifications to the Standard Pre-Bid LC for the AIC Capacity Product (March 16, 2018)
Appendix 14: Officers’ Certificate (for Bidders under an Agency Agreement) (March 14, 2018)
Appendix 15: Confidentiality Statement (March 14, 2018)
Appendix 16: Additional Information Concerning Maximum Willingness to Supply (March 14, 2018)
FINAL SPRING 2018 BLOCK ENERGY AND CAPACITY RFP – ENERGY AGREEMENTS
FINAL Spring 2018 (AIC) Confirmation Agreement
Confirmation Agreement (March 13, 2018)
Form of Guaranty (March 13, 2018)
Schedule 1 to the Form of Guaranty (March 13, 2018)
Schedule 2 to the Form of Guaranty (March 13, 2018)
Post-Bid Standard Form of Letter of Credit - Option 1 (March 13, 2018)
Post-Bid Standard Form of Letter of Credit - Option 2 (March 13, 2018)
Letter of Full Transfer - Schedule 1 (March 13, 2018)
Letter of Full Transfer - Schedule 2 (March 13, 2018)
Letter of Full Transfer - Schedule 3 (March 13, 2018)
Exhibit C - Master Power Purchase & Sales Agreement (March 13, 2018)
Exhibit D - Collateral Annex (March 13, 2018)
Exhibit E - Paragraph 10 to the Collateral Annex (March 13, 2018)
Redline (draft vs. final) Confirmation Agreement (March 13, 2018)
FINAL Spring 2018 ComEd Energy Master Agreement
EEI Master Agreement and Coversheet (March 13, 2018)
Collateral Annex and Original Schedule 1 (March 13, 2018)
Schedule 1A to the Collateral Annex (Post-Bid Standard Form of Letter of Credit) - Option 1 (March 13, 2018)
Schedule 1A to the Collateral Annex (Post-Bid Standard Form of Letter of Credit) - Option 2 (March 13, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 1 (March 13, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 2 (March 13, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 3 (March 13, 2018)
Collateral Annex Paragraph 10 (with Elections) (March 13, 2018)
Schedule 2 to the Collateral Annex (Guaranty) (March 13, 2018)
Optional Changes to the Form of Guaranty (March 13, 2018)
Schedule 2B to the Collateral Annex (Foreign Guarantor Requirements) (March 13, 2018)
Schedule 3 to the Collateral Annex (MtM Calculation) (March 13, 2018)
Confirmation Sheet - Sample (March 13, 2018)
Redline (Draft vs. Final) Schedule 1A to the Collateral Annex - Option 1 (March 13, 2018)
Redline (Draft vs. Final) Schedule 1A to the Collateral Annex - Option 2 (March 13, 2018)
FINAL Spring 2018 (MEC) Confirmation Agreement
FINAL SPRING 2018 BLOCK ENERGY AND CAPACITY RFP – THE (AIC) CAPACITY AGREEMENT
FINAL Spring 2018 (AIC) Capacity Agreement
Capacity Agreement (March 13, 2018)
Redline (draft vs. final) Capacity Agreement (March 13, 2018)
Draft Spring 2018 Block Energy and Capacity RFP Documents
Spring 2018 RFP Rules (DRAFT) (February 26, 2018)
Appendix 10: Standard Pre-Bid Letter of Credit for AIC Energy Products (FINAL) (February 26, 2018)
Appendix 11: Standard Pre-Bid Letter of Credit for ComEd (FINAL) (February 26, 2018)
Appendix 12: Standard Pre-Bid Letter of Credit for MEC (FINAL) (February 26, 2018)
Appendix 13: Standard Pre-Bid Letter of Credit for the AIC Capacity Product (FINAL) (February 26, 2018)
Spring 2018 Energy Contracts Comment Process
Energy Invitation to Comment (February 20, 2018)
Energy Comment Form (February 20, 2018)
Draft Spring 2018 (AIC) Confirmation Agreement
Confirmation Agreement (February 20, 2018)
Exhibit C - Master Agreement (February 20, 2018)
Exhibit D - Collateral Annex (February 20, 2018)
Exhibit E - Paragraph 10 to the Collateral Annex (February 20, 2018)
Redline (2017 final vs 2018 draft) Confirmation Agreement (February 20, 2018)
Draft Spring 2018 ComEd Energy Master Agreement
EEI Master Agreement and Coversheet (February 20, 2018)
Collateral Annex and Original Schedule 1 (February 20, 2018)
Schedule 1A to the Collateral Annex (Post-Bid Letter of Credit) - Option 1 (February 20, 2018)
Schedule 1A to the Collateral Annex (Post-Bid Letter of Credit) - Option 2 (February 20, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 1 (February 20, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 2 (February 20, 2018)
Exhibit A of Schedule 1A to the Collateral Annex (Letter of Full Transfer) - Option 3 (February 20, 2018)
Collateral Annex Paragraph 10 (with Elections) (February 20, 2018)
Schedule 2 to the Collateral Annex (Guaranty) (February 20, 2018)
Optional Changes to the Form of Guaranty (February 20, 2018)
Schedule 2B to the Collateral Annex (Foreign Guarantor Requirements) (February 20, 2018)
Schedule 3 to the Collateral Annex (MtM Calculation) (February 20, 2018)
Confirmation Sheet - Sample (February 20, 2018)
REDLINE (2017 final vs 2018 draft) EEI Master Agreement and Coversheet (February 20, 2018)
REDLINE (2017 final vs 2018 draft) Schedule 1A to the Collateral Annex - Option 1 (February 20, 2018)
REDLINE (2017 final vs 2018 draft) Schedule 1A to the Collateral Annex - Option 2 (February 20, 2018)
REDLINE (2017 final vs 2018 draft) Schedule 2 to the Collateral Annex (February 20, 2018)
Draft Spring 2018 (MEC) Confirmation Agreement
Spring 2018 Capacity Agreement Comment Process
Capacity Invitation to Comment (February 20, 2018)
Capacity Comment Form (February 20, 2018)
Draft Spring 2018 (AIC) Capacity Agreement
Capacity Agreement (February 20, 2018)
REDLINE (2017 final vs 2018 draft) Capacity Agreement (February 20, 2018)
Fall 2018 Block Energy and Capacity FAQs
Under the terms of the (AIC) Capacity Agreement, payments to Seller will only be adjusted to reflect an increased payment if the Source Zone ACP is greater than the Compliance Zone ACP where the Compliance Zone is LRZ4. For purposes of the below example, the “ACP” refers to the Auction Clearing Price from the 2019/2020 MISO Planning Resource Auction and the Compliance Zone is LRZ4. See below for a hypothetical example.
MISO 2019/2020 PRA Results:
For purposes of the below example, the “ACP” refers to the Auction Clearing Price from the 2019/2020 MISO Planning Resource Auction and the Compliance Zone is LRZ4.
Q: When will acceptable modifications to the Pre-Bid Letters of Credit for the Fall 2018 Block Energy and Capacity RFP be posted to the procurement website?
Documents containing acceptable modifications to the Pre-Bid Letters of Credit were posted to the Final Materials page of the Fall Block and Energy and Capacity section of the procurement website on August 8, 2018.
Q: Where can I find the banking information needed to complete Paragraph 7 of the Standard Pre-Bid Letters of Credit?
Please send an email to the Procurement Administrator requesting the banking information. In your email, please specify the procurement event for which you would like to receive the banking information.
Q: Where can I find a schedule of events relating to the Fall 2018 Block Energy and Capacity RFP?
Please visit the calendar available here for a schedule of events relating to the Fall 2018 Block Energy and Capacity RFP.
Q: When was the requirement listed in the Second Item of Section 1 of the Part 1 Proposal, Participation in MISO or PJM Markets, introduced to Bidders?
RFP documents that included the requirement listed in the Second Item of Section 1 of the Part 1 Proposal, Participation in MISO or PJM Markets, were posted to the Final Materials page of the Fall Block Energy and Capacity section of the RFP website and made available to Bidders on June 20, 2018. The requirement was also provided to Bidders in the webcast held by the Procurement Administrator on August 7, 2018.
Please see Section IV.1.2 of the RFP Rules for details regarding the requirement listed in the Second Item of Section 1 of the Part 1 Proposal.
Q: Is it possible to meet the requirement listed in the Second Item of Section 1 of the Part 1 Proposal, Participation in MISO or PJM Markets, during the Part 2 Window or must we meet the requirement by the Part 1 Date?
You must meet all requirements of the Part 1 Proposal, including any listed in the Second Item of Section 1 of the Part 1 Proposal, Participation in MISO or PJM Markets, by the Part 1 Date. Please note that Bidders who are currently a Seller to a Company under an applicable supplier contract or have been a Seller to a Company under an applicable supplier contract pursuant to a 2016, 2017, or 2018 procurement event under the BEC RFP or under the Standard Products RFP are exempt from the requirement listed in the Second Item of Section 1 of the Part 1 Proposal.
Q: Do we need a new Pre-Bid Letter of Credit if we participated in the auction earlier this year?
Yes, a new Pre-Bid Letter of Credit will be required given the pre-bid letter of credit for purposes of your participation in the Spring 2018 BEC RFP would have expired or returned to you.
Q: We currently have a Post-Bid Letter of Credit with a Company for blocks won in the Spring 2018 BEC RFP. Do we need a new Post-Bid Letter of Credit for that Company if we are awarded additional blocks pursuant to the Fall 2018 BEC RFP?
The standard form of the Post-Bid Letter of Credit for a Company has not changed between the Spring 2018 and Fall 2018 BEC RFP. If you have a Post-Bid Letter of Credit with a Company pursuant to an award in the Spring 2018 BEC RFP and you win additional blocks for that same Company in this upcoming RFP, you may use the same Post-Bid Letter of Credit to meet the credit requirements under both the supplier contract from the Spring 2018 BEC RFP and the Fall 2018 BEC RFP, but you may be required to increase the amount of your Post-Bid Letter of Credit to meet the credit requirements.
Q: Where in the RFP Rules can I find information necessary to provide the Pre-Bid Letter of Credit to each Company for the Fall 2018 procurement events?
Information necessary to provide the Pre-Bid Letter of Credit to the applicable Company can be found in Paragraph V.2.3 (AIC Energy Products/Combinations), Paragraph V.3.3 (ComEd Products/Combinations), and Paragraph V.5.2 (the AIC Capacity Product).
Q: Am I required to submit a Bid Participation Fee for the Fall 2018 Block Energy and Capacity RFP if I paid a Bid Participation Fee during the Spring 2018 Block Energy and Capacity RFP?
No. A Bidder is only required to pay a Bid Participation Fee if it has not paid the Bid Participation Fee pursuant to its participation in a prior IPA procurement event in 2018.
Q: Are redlines available between the final supplier contracts from the Fall 2017 and Fall 2018 procurement events?
Redlines between the final supplier contracts from the Fall 2017 and Fall 2018 procurement events are not available. On June 20, 2018, the Procurement Administrator posted redlines between the final supplier contracts between the Spring 2018 and Fall 2018 procurement events. These documents are available on the Final Materials page of the Fall Block Energy and Capacity section of the RFP website. On February 20, 2018, the Procurement Administrator posted redlines between the draft supplier contracts for the Spring 2018 procurement events and the final supplier contracts from the Fall 2017 procurement events. On March 13, 2018, the Procurement Administrator posted redlines between the draft supplier contracts and the final supplier contracts for the Spring 2018 procurement events for those documents for which minimal changes were made. The documents posted on February 20, 2018 and the documents posted on March 13, 2018 are available on the Previous 2018 Block Energy and Capacity RFPs page of the RFP website. There have been minimal changes between the draft supplier contracts for the Spring 2018 procurement events and the final supplier contracts for the Fall 2018 procurement events.
Q: We are unable to attend bidder training on Thursday, August 30, 2018. Is it possible to schedule an alternative time?
Please email the Procurement Administrator at Illinois-RFP@nera.com if you are unable to attend bidder training and would like to set up an alternative time. In your email, please specify three (3) alternative 20-minute time slots that work for your schedule to participate in bidder training.
Q: Can cash be posted as Pre-Bid Security instead of a Pre-Bid Letter of Credit?
No, cash cannot be used in place of a Pre-Bid Letter of Credit. With the Part 2 Proposal, a Bidder must submit an executed Pre-Bid Letter of Credit for the procurement event(s) in which the Bidder is participating. Bidders must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Pre-Bid Letter of Credit must incorporate only those modifications to the Standard Pre-Bid Letter of Credit approved by a Company and posted to the procurement website.
Q: Is it possible to get a review of the Pre-Bid Letter of Credit prior to issuance by the bank? We have included modifications that were acceptable in a previous procurement event and we want to make sure these remain acceptable.
There is no process for review of draft Pre-Bid Letters of Credit prior to issuance. A Pre-Bid Letter of Credit submitted for a procurement event must be in the form of the Standard Pre-Bid Letter of Credit for a procurement event or incorporate only modifications approved by a Company and posted to the procurement website. Please check whether the modifications made by your bank are included in the list of modifications posted to the Final Materials page of the Fall Block Energy and Capacity section of the procurement website.
Q: If we have an existing fully executed supplier contract with a Company, are we required to execute a new supplier contract if we have winning Bids approved by the Commission in the upcoming procurement events?
If you are a winning bidder in this Fall 2018 BEC RFP, you must execute a new applicable supplier contract(s) regardless of whether you are a winning supplier or not from a prior procurement event.
Q: Suppose we win in the upcoming AIC Capacity procurement event. Can you confirm that the due date for supplier contracts to be fully executed is Monday, September 17, 2018 as stated in the calendar posted to the RFP website?
Yes. The due date for supplier contracts to be fully executed by winners in the upcoming AIC Capacity procurement event is Monday, September 17, 2018.
Q: By what time of day must winning suppliers fully execute their contracts on the applicable due date?
As stated in Paragraph VI.2.17 of the RFP Rules, winning Bidders execute the signature pages of the partially executed supplier contract and related documents and send such fully executed signature pages to the applicable Company electronically by 4PM CPT (5 PM EPT) on the second business day after the ICC decision.
Q: Where can I find redlines between the final supplier contracts between the Spring 2018 and Fall 2018 procurement events?
On June 20, 2018, the Procurement Administrator posted redlines between the final supplier contracts between the Spring 2018 and Fall 2018 procurement events. Redlines reflect differences between the final document posted on March 13, 2018 for the Spring 2018 BEC RFP and the final document posted on June 20, 2018 for the Fall 2018 BEC RFP. These documents are available on the Final Materials page of the Fall Block Energy and Capacity section of the RFP website.
Q: What will be the execution date for the Fall 2018 block energy agreements?
The execution date will be the date of the ICC decision on the block energy procurement events (September 14, 2018).
Q: We are participating in the procurement events for Energy Products. The calendar indicates that Pre-Bid Letters of Credit for the procurement events for Energy Products are due after the Part 2 Date. Will our Part 2 Proposal be deficient if we do not submit the Pre-Bid Letters of Credit on the Part 2 Date?
A Bidder must submit its online Part 2 Form, regardless of the procurement event, by 12 PM (noon) on the Part 2 Date. This is prior to the due date for the Pre-Bid Letters of Credit for the procurement events for Energy Products, which are due on Wednesday, September 5, 2018. Even though the Pre-Bid Letters of Credit are not due until later, your Part 2 Proposal will be deficient if your Part 2 Proposal is received on the Part 2 Date but your Pre-Bid Letters of Credit are not submitted at that time.
Q: When is the next opportunity to propose modifications to the Pre-Bid Letters of Credit?
The RFP Rules will state whether a Bidder may, in its Part 1 Proposal, provide comments on or propose modifications to the Pre-Bid Letters of Credit or may provide comments on the changes that have been made to a Standard Pre-Bid Letter of Credit relative to the previously used Standard Pre-Bid Letter of Credit. Please inquire or review the RFP Rules at the beginning of the next procurement event.
Spring 2018 Block Energy and Capacity FAQs
FAQ-BEC-50
Q: How do I register to receive announcements for the Block Energy and Capacity RFP?
Please register here and select “Block Energy and Capacity RFP”:
or contact the Procurement Administrator via email.
Q: Can you please point me to the Pre-Bid Letter of Credit for each Company?
The Procurement Administrator posted the Standard Pre-Bid Letter of Credit for each Company to the Draft Documents page of the Spring Block Energy and Capacity section of the IPA website on February 26, 2018. While the Standard Pre-Bid Letter of Credit for each Company is posted in its final form to the Draft Documents page, the Standard Pre-Bid Letters of Credit will be re-posted with the final RFP documents to the Final Materials page of the Spring Block Energy and Capacity section of the IPA website on March 14, 2018.
Q: Can bidders provide comments on the Pre-Bid Letters of Credit for the Spring 2018 Block Energy and Capacity RFP?
No. A Bidder may only provide comments on or propose modifications to the changes that have been made to the Standard Pre-Bid Letter of Credit for a procurement event for a Company relative to the previously used Standard Pre-Bid Letter of Credit. The Procurement Administrator will not solicit comments on the Standard Pre-Bid Letter of Credit when such changes are limited to these administrative updates: (i) expiration date, date of the procurement event, and dates of the supply period; (ii) docket number; or (iii) contact information for the Company. The changes that have been made to the Standard Pre-Bid Letters of Credit are administrative only and, as such, the Procurement Administrator will not be soliciting comments on the Standard Pre-Bid Letters of Credit.
Q: When will acceptable modifications to the Pre-Bid Letters of Credit for the Spring 2018 Block Energy and Capacity RFP be posted to the procurement website?
Documents containing acceptable modifications to the Pre-Bid Letters of Credit were posted to the Final Materials page of the Spring Block and Energy and Capacity section of the procurement website on March 16, 2018.
Q: Does the Spring 2018 Block Energy and Capacity RFP schedule posted to the procurement website also pertain to the IPA’s Adjustable Block Program?
No. The Spring 2018 Block Energy and Capacity (“BEC”) RFP and the Adjustable Block Program are different.
The Spring 2018 BEC RFP consists of the procurement of: (i) monthly on-peak and off-peak standard block forward products as well as combinations for Ameren Illinois Company (“AIC”), Commonwealth Edison Company (“ComEd”), and MidAmerican Energy Company (“MEC”); and (ii) capacity for AIC (25% of the 2019-2020 planning year forecast requirement).
The Adjustable Block Program is proposed as part of the Illinois Power Agency’s Long-Term Renewable Resources Procurement Plan (“LTRRPP”). The Illinois Commerce Commission (“Commission”) will render a decision on the LTRRPP and this decision is expected on April 3, 2018. The Commission may change in whole or in part the proposal made by the Illinois Power Agency with regard to the Adjustable Block Program.
The details of the Adjustable Block Program will not be provided on this website once the Commission renders its decision and the Procurement Administrator will not respond to questions in this regard. Please refer to the IPA’s website, https://www2.illinois.gov/sites/ipa/Pages/default.aspx, where the LTRRPP as approved by the Commission will be posted once it becomes available.
Q: Can surety bonds be used in place of a Pre-Bid Letter of Credit for the purposes of bid assurance collateral?
No, surety bonds cannot be used in place of a Pre-Bid Letter of Credit. With the Part 2 Proposal, a Bidder that intends to submit Bids for a procurement event for a Company must submit an executed Pre-Bid Letter of Credit to that Company in an amount sufficient to support its Bids as specified in the RFP Rules. Bidders participating in a procurement event for Energy Products must submit a Pre-Bid Letter of Credit for a Company in an amount no less than $5,000 per block of the Bidder’s Maximum Quantity subject to a $250,000 minimum for AIC and ComEd and subject to a $25,000 minimum for MEC. The required amount of the Pre-Bid Letter of Credit for the AIC Capacity Product is $200,000. You must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Pre-Bid Letter of Credit must incorporate only those modifications to the Standard Pre-Bid Letter of Credit approved by a Company and posted to the procurement website.
The transactions will be under the applicable supplier contract posted on the procurement website and suppliers may not rely on any existing supplier contract previously executed with a Company.
For the Part 1 Proposal, a Bidder will be asked to provide all information necessary for the preparation of the applicable supplier contract documents by completing the applicable Insert. If a Bidder fails to submit the Insert for a procurement event, the Officer of the Bidder must acknowledge that, if the Procurement Administrator notifies the Bidder that the Bidder has Bids that are identified as winning Bids to the ICC for the procurement event, the Bidder will be required to provide all necessary information by 12 PM (noon) CPT on the day after such notification is received. The Officer of the Bidder makes such acknowledgment by completing the applicable Contract Delay Insert prepared for this purpose. The applicable Contract Delay Insert is submitted by email or by upload to the online Part 1 Form.
The applicable supplier contract documents are prepared by the Company after the Procurement Administrator notifies the Bidder that the Bidder has Bids that are identified as winning Bids to the ICC for a procurement event. If such Bidder relies on the financial standing of an RFP Guarantor, ComEd will prepare the Guaranty for execution as well. For AIC and MEC, such Bidder will be responsible for preparation and delivery of the Guaranty.
Q: It is my understanding that Appendix A has been added to the Form of Guaranty so that all outstanding Agreements with ComEd and all Guaranteed Obligations are consolidated under a single Guaranty. Can you provide more detail on the following sentence taken from the Form of Guaranty? “The maximum aggregate liability of the Guarantor found in Section 1 of this Guaranty shall be applicable to the Guaranteed Obligations under each of the Agreement(s) listed above.”
You are correct that Appendix A has been added to the Form of Guaranty so that the obligations of Seller under several agreements may constitute Guaranteed Obligations covered by the single Guaranty. As such, there will be a single Guaranty to cover the credit exposure of Seller across the agreements listed in Appendix A. In this case, the amount of the Guaranty needs to be specified in Section 1 of this new Guaranty. The Guaranty amount should be no more than the Collateral Threshold Amount applicable to the Guarantor provided in Section I, Subsection A of Paragraph 10 to the Collateral Annex as amended in the Cover Sheet. For example, if the Guarantor is rated BBB- by S&P and Fitch and Baa3 by Moody’s, then the Guaranty amount to be indicated in the new Guaranty should be no greater than the Maximum Collateral Threshold Amount, which is the lower of 6% of the Guarantor’s tangible net worth and $20,000,000.
Q: When will instructions for the submission of the Bid Participation Fee be provided to bidders?
The instructions for submission of the Bid Participation Fee will be provided to bidders along with login credentials (March 14, 2018 for the Spring 2018 BEC RFP).
Q: When will the Spring 2018 Part 1 Form be made available to Bidders?
The Spring 2018 Part 1 Form will be made available to Bidders the morning of March 15, 2018. The Part 1 Window runs from March 15, 2018 until 12 PM (noon) Central on March 22, 2018 (the Part 1 Date).
Q: Are the RFP documents and supplier agreements available in Microsoft Word Format?
The Procurement Administrator does not make documents posted as PDFs to the procurement website available in Microsoft Word format.
Q: Will the benchmarks applicable in the evaluation of Bids be disclosed to Bidders?
No. The benchmarks, as well as the methodology used to develop the benchmarks, are confidential.
Q: Is bilateral credit envisaged under the energy or capacity supplier contracts?
No, bilateral credit is not envisaged under the supplier contracts for the energy procurement events or the capacity procurement event. As such, the credit and collateral requirements under the applicable supplier contracts applies only to Seller but not to Buyer.
Q: Can you confirm that the AIC Capacity Inserts are numbered correctly? Slide 42 from the March 14, 2018 Bidder Information Webcast lists different numbers of the AIC Capacity Inserts than how the AIC Capacity Inserts are numbered on the procurement website.
The AIC Capacity Inserts are numbered correctly. Slide 42 of the webcast slides posted to the procurement website has been updated to include the correct numbering.
Q: We (the Bidder) are rated by a single ratings agency. Is a single rating sufficient to receive unsecured credit under the supplier contracts?
Yes. The entity on whose financial standing the Bidder relies need only be rated by one of S&P Global Ratings (“S&P”), Moody’s Investors Service (“Moody’s”), or Fitch Ratings (“Fitch”), provided that they meet the minimum rating requirements of the supplier contracts. The minimum ratings are “BBB-” from S&P, “Baa3” from Moody’s, and “BBB-” from Fitch. The maximum amount of unsecured credit that could be granted to a party would be based on the party’s credit rating and tangible net worth.
There is no process for review of draft Pre-Bid Letters of Credit prior to issuance. A Pre-Bid Letter of Credit submitted for a procurement event must be in the form of the Standard Pre-Bid Letter of Credit for a procurement event or incorporate only modifications approved by a Company and posted to the procurement website. Please check whether the modifications made by your bank are included in the list of modifications posted to the Final Materials page of the Spring Block Energy and Capacity section of the procurement website.
Q: When were instructions for submission of the Bid Participation Fee sent to bidders?
The instructions for submission of the Bid Participation Fee were provided to bidders along with login credentials on March 14, 2018. Please email the Procurement Administrator should you wish to receive the instructions to submit the Bid Participation Fee.
Q: Do we need to provide financial information for the Bidder in Section 3 of the Part 1 Form, Financial Requirements, if we are relying on the financial standing of a Guarantor?
No. Section 3 of the Part 1 Form, Financial Requirements, only requires that you provide financial information for the Entity on whose financial standing the Bidder relies. In your case, you would provide the financial information for the Guarantor.
Q: Is there a way we can list additional contacts in the Part 1 Form so that the Procurement Administrator can send correspondence to those individuals in addition to the Representative of the Bidder?
The Fourth Item of Section 1, Contact Information, of the online Part 1 Form allows the Bidder to provide the name, title, and contact information of up to three (3) individuals who are designated by the Officer of the Bidder or the Representative as Nominee(s) to receive communications from the Procurement Administrator by providing the Nominee Insert (#P1-2). The Nominee Insert must be completed and signed by the Officer of the Bidder or the Representative. Please note that the Representative of the Bidder should not be named a Nominee.
Q: Is there a guide for completing the online Part 1 Form?
The Illustrative Part 1 Form posted to the Final Materials page of the Spring Block Energy and Capacity section of the procurement website, while illustrative only, can be a useful guide for completing the online Part 1 Form.
Q: Are redline comparisons between the Fall 2017 and Spring 2018 supplier contracts available?
On February 20, 2018 the Procurement Administrator posted redlines between the draft supplier contracts for the Spring 2018 procurement events and the final supplier contracts from the Fall 2017 procurement events. These documents are available on the Draft Documents page of the Spring Block Energy and Capacity section of the procurement website. On March 13, 2018 the Procurement Administrator posted redlines between the draft supplier contracts and the final supplier contracts for the Spring 2018 procurement events for those documents for which minimal changes were made. These documents are available on the Final Materials page of the Spring Block Energy and Capacity section of the procurement website.
Q: How should we proceed if there are delays in the overnight delivery service that we use to send the check for the Bid Participation Fee to the IPA?
If you provide evidence of payment (i.e., a copy of the check) through Section 2 of the online Part 1 Form, you will have fulfilled the requirements of that section, but your Part 1 Proposal will remain deficient until the IPA has confirmed receipt of your Bid Participation Fee. As further information, we would appreciate receiving the tracking number for the package and proof that the package was sent (and, to the extent that your Proposal is otherwise deficient when we receive this information, you will be provided additional time to cure all deficiencies of the Proposal).
Please assess whether it is possible that the overnight delivery service that you are using would fail to deliver the Bid Participation Fee to the IPA by the date at which the Procurement Administrator qualifies Bidders and sends the Part 1 Notifications (Tuesday, March 27). A Bidder always has the option to use e-pay for the payment of the Bid Participation Fee (at which point, if your check is eventually received by the IPA, the check will be destroyed or returned to you).
Q: Can you provide an overview of the Products sought by the Block Energy and Capacity RFP?
The Block Energy and Capacity RFP is for the purchase of wholesale power by the utilities.
For the solicitation of energy blocks, all on-peak hours in a given month constitute the “On-Peak Segment” for that month and all off-peak hours of that month constitute the “Off-Peak Segment” for that month. A “Product” is a constant quantity of energy to be supplied to a Company (Ameren Illinois, ComEd, or MEC) at the delivery point specified by that Company in either the On-Peak Segment or the Off-Peak Segment of a specific month.
A successful Bidder that becomes a Seller to a Company provides a constant amount of energy to that Company corresponding to the sum of the number of blocks won of the Product for that Segment of that month, and the number of blocks won of any Combination that includes that Segment of that month, times 25 MW. For each Segment of each month, the price paid to the Seller is the average of the Seller’s own approved Bids for all blocks of that Product and for all blocks of a Combination that includes that Segment of that month.
For the solicitation of capacity for Ameren Illinois, the “Product” consists of annual Zonal Resource Credits (“ZRCs”), as such term is defined in MISO’s Business Practice Manuals and MISO’s Open Access Transmission, Energy and Operating Reserve Market Tariff for the 2019-2020 Planning Year. A successful Bidder that becomes a Seller delivers the contracted quantity of ZRCs by submitting the appropriate transactions in the Module E Capacity Tracking Tool. The amount paid to the Seller is the average of the Seller’s own approved Bids for all ZRCs in the Planning Year, in $/MW-Day, multiplied the number of ZRCs delivered, multiplied by the number of calendar days in the Planning Year. If any of the ZRCs that are delivered are not located in Local Resource Zone 4, which is the zone in which AIC capacity obligations reside, the payment to the Seller is adjusted as specified in the applicable supplier contract.
Please review the details of the applicable supplier contracts and the RFP Rules on the “Spring Block Energy and Capacity” tab of the procurement website.
Q: Can you please provide the W-9s for the Companies?
The Form W-9 for each Company is available upon request from the Procurement Administrator. Please send your request via email and please indicate the Company or Companies for which a W-9 is required.
Q: Where should the bank send the Pre-Bid Letters of Credit?
Please see Paragraphs V.2.3, V.3.3, V.4.3, and V.5.2 of the RFP Rules for delivery addresses for the Pre-Bid Letter of Credit for AIC Energy, ComEd, MEC, and AIC Capacity respectively.
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Q: Are Bidders provided with a list of other Bidders with their Part 1 Notification or after successfully completing the Part 2 Proposal?
No. Bidders are not provided with a list of other Bidders at any point.
However, in accordance with the Act and ICC Orders, information listed in Paragraph VI.2.15 of the RFP Rules, as pasted below, will be made public at the time of the ICC approval of a procurement event:
For the procurement of Energy Products for a Company: (i) the names of successful Bidders; (ii) the load-weighted average of the winning Bids for each Segment of each month; (iii) the load-weighted average of the winning Bids for each Product and for each Combination; (iv) the number of megawatts awarded for each Segment of each month, provided that there are at least three (3) successful Bidders; and (v) the number of megawatts awarded for each Product and for each Combination, provided that there are at least three (3) successful Bidders.
For the procurement of the Capacity Product for AIC: (i) the names of successful Bidders; (ii) the average of the winning Bids; and (iii) the number of ZRCs awarded, provided that there are at least three (3) successful Bidders.
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Q: When is the online Part 2 Form made available to Bidders for the Spring 2018 procurement events?
The online Part 2 Form is made available to Bidders on Wednesday, March 28, 2018 at the beginning of the business day.
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Q: When will the final Targets become available?
Final Targets were provided to Bidders with their Part 1 Notifications on March 27, 2018. The final Targets will be posted to the Final Materials page of the Spring Block Energy Capacity page of the procurement website by the Part 2 Date.
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Q: How do you calculate the maximum amount for the Pre-Bid Letter of Credit if the Bidder bids on all Products and all Combinations for a Company?
If a supplier bids on all Products and all Combinations for a Company in a block energy procurement event, the maximum number of blocks (with each block representing a given Segment and month) that a supplier could win is equal to the sum of the individual monthly targets. These are maximums on the number of blocks that a supplier may win, whether the supplier wins these months/segments as a result of submitting Bids on individual Products or as a result of submitting Bids on Combinations.
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Q: Are we able to provide comments on the Letters of Full Transfer included as Schedules 1, 2, and 3 of the Standard Post-Bid Letters of Credit for AIC during the Part 2 Window?
Bidders had the opportunity to provide comments on or propose modifications to the changes that were made to the Standard Post-Bid Letter of Credit for AIC Energy Products as well as the Standard Post-Bid Letter of Credit for the AIC Capacity Product relative to the previously used Standard Post-Bid Letters of Credit during the Part 1 Window. No changes were made to the Letters of Full Transfer (Schedules 1, 2, and 3) relative to the previously used Letters of Full Transfer. Thus there is no opportunity for proposing modifications to the Letters of Full Transfer for the Spring 2018 procurement event.
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Q: We realized that there is an error in the Pre-Bid Letter of Credit that was sent by our bank to a Company. How do we go about making the correction?
Your bank can issue an amendment to the Pre-Bid Letter of Credit that corrects the error and send this amendment to the Company.
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Q: We submitted all materials for our Part 2 Proposal except for the Pre-Bid Letters of Credit and this is our only outstanding deficiency. Why are we locked out of the online Part 2 Form? How can we provide the scans of our executed Pre-Bid Letters of Credit?
You are locked out of the online Part 2 Form because you have submitted all portions of the Part 2 Proposal that are reviewed by the Procurement Administrator. The Pre-Bid Letters of Credit are to be sent directly to the Companies in accordance with the instructions provided to you. A scanned copy of an executed Pre-Bid Letter of Credit is not a requirement of the Part 2 Proposal. If you wish to provide scans and you do not have an email address for one or more of the Companies, please request them from the Procurement Administrator via email.
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Q: It is possible that the bank that is issuing our Pre-Bid Letter of Credit also provides services to other entities that could bid in the same procurement event. Could this impair our ability to make the certifications of the Part 2 Proposal?
A requirement of the Proposal is that Bidders bid independently and maintain the confidentiality of their Proposals. The Officer of the Bidder must make a number of certifications in the Part 2 Proposal, including that: (i) the Bidder is bidding independently and that it has no knowledge of any Proposal submitted for the procurement event by another Bidder in response to the Block Energy and Capacity RFP (“BEC RFP”); and (ii) the Bidder has maintained and will continue to maintain the confidentiality of its Proposal during the preparation of the Proposal. To ensure that the Officer of the Bidder can make these certifications, it is essential for your bank not to provide you with information related to another Bidder’s Proposal. To that end, you should require that the representatives from your bank not provide any information to you regarding other entities in case such entities are also submitting Proposals in the procurement events under the BEC RFP. The Procurement Administrator can also contact a representative from the bank on your behalf.
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Q: We were notified that our Pre-Bid Letter of Credit requires an amendment. Where should we send the amendment?
Any amendment required by a Company should be sent directly to that Company at the address used to send the original executed Pre-Bid Letter of Credit.
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Q: We issued our Energy Pre-Bid Letters of Credit based on the Initial Targets and not the Final Targets. What are the maximum Pre-Bid Letter of Credit amounts needed to bid on all of a Company’s Energy Products?
A Pre-Bid Letter of Credit in an amount of at least $2,180,000 allows a Bidder to bid on all Blocks available for AIC’s Energy Products. A Pre-Bid Letter of Credit in an amount of at least $7,115,000 allows a Bidder to bid on all Blocks available for ComEd’s Energy Products. A Pre-Bid Letter of Credit in an amount of at least $165,000 allows a Bidder to bid on all Blocks available for MEC’s Energy Products.
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Q: How do we amend the amount of our Pre-Bid Letter of Credit for a Company’s Energy Products?
You may change the amount of your Pre-Bid Letter of Credit for a Company’s Energy Products by issuing an amendment to reflect the desired amount. Any amendment changing the amount of the Pre-Bid Letter of Credit for a Company’s Energy Products should be sent directly to that Company at the address used to send the original executed Pre-Bid Letter of Credit.
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Q: The Officer of the Bidder who made the representations and certifications required by the Part 1 Proposal is unavailable and cannot make the representations and certifications required by the Part 2 Proposal. How should we proceed?
All representations and certifications required by the Block Energy and Capacity RFP, including those in the Part 1 Proposal and the Part 2 Proposal, must be made by a single individual who is an Officer of the Bidder. An Officer of the Bidder is an individual empowered to undertake contracts and bind the Bidder.
Please name another individual with the appropriate qualifications to serve as Officer of the Bidder by updating the first item of Section 1, Contact Information. The new Officer of the Bidder will, in addition to making all certifications of the Part 2 Proposal, be required to make all certifications of the Part 1 Proposal and submit these with the Part 2 Proposal.
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Q: Are the Targets included in the Bid Forms attached to Bidders’ Part 1 Notifications the Final Targets?
Yes. The Targets included in the Bid Forms attached to Bidders’ Part 1 Notifications are the Final Targets.
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Q: What are the Supplier Fees for the Spring 2018 procurement events?
The Supplier Fees are the following:
$ 178 per on-peak block
$ 118 per off-peak block
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Q: When is the next scheduled AIC Capacity procurement event?
As specified in the IPA’s 2018 Procurement Plan, an AIC Capacity procurement event will be held in Fall 2018 to procure up to 50% of AIC’s capacity requirements for the 2019-2020 Delivery Year. A schedule of events is not yet available.
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Q: We won blocks during the latest procurement event. How do we determine the amount of the Supplier Fee owed to the IPA?
An invoice will be provided to you directly by the IPA.
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Q: Can you help us with the procedures and timeline related to the contract execution process?
Please contact the Company for any question that relates to the contract execution process.
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Q: Will the ZRC Target for the Fall 2018 AIC Capacity procurement event be increased given that not all ZRCs were procured in the Spring 2018 AIC Capacity procurement event?
As specified in the Commission Order, additional capacity will be procured in the Fall procurement event given that the Spring procurement event fails to procure 25% of AIC’s capacity requirement for the 2019-2020 planning year.