Do you have a question? Please click here.
FAQs are posted periodically, please check back often for updated postings.
Go to page:
Under the terms of the REC Master Agreement, the collateral requirement is five (5) dollars multiplied by the amount of undelivered REC quantities across all Confirmations. Since the last Delivery Date specified in the REC Master Agreement is July 10, 2009, the expiration date of the Post-Bid Letter of Credit should be on or after July 13, 2009 (at least one business day after the last Delivery Date). Please contact ComEd for any other questions pertaining to the administration of the REC Master Agreement.5/5/2008, in
The Post-Bid Letter of Credit is to be provided within two business days of the execution of the contract, which is expected to be May 6, 2008. 4/23/2008, in
If the ICC does not approve any of a particular REC Bidder’s Bids, ComEd will release that REC Bidder’s Pre-Bid Letter of Credit within one business day of the ICC decision. If the ICC approves a particular REC Bidder’s Bids, ComEd will release the Pre-Bid Letter of Credit no later than nine business days after the Bid Date, which is May 5, 2008. 4/23/2008, in
The Officer would be expected to do so. If the Officer cannot, the Officer may nominate a designee in writing. 4/23/2008, in
The contract and confirmations will be dated three days after the Commission renders its decision on the procurement event, which is expected to be May 2, 2008. 4/23/2008, in
The Procurement Administrator and the Procurement Monitor each submit a confidential report to the Illinois Commerce Commission (“ICC”) no later than 2 business days after bids are submitted, which is April 25, 2008. The ICC then has 2 business days to render a decision on the results; such decision will occur no later than April 29, 2008. The names of the winning bidders and the average winning price for each Product would then be made public.4/23/2008, in
Yes, in an event of supplier default under the REC Master Agreement, a procurement event would be held for ComEd to purchase replacement RECs. The budget available will take into account RECs that would have been delivered by the defaulting REC Supplier, Performance Assurance from the defaulting REC Supplier, as well as the cost of the procurement event. The defaulting supplier will not be allowed to participate in this procurement event. 4/23/2008, in
The RFP is for the purchase of Standard RECs, which are RECs that include all Environmental Attributes arising as a result of the generation of electricity associated with the RECs, whether or not such Environmental Attributes have been verified or certified, and whether or not they are creditable under any existing Applicable Program. The Environmental Attributes include NOx credits obtained by a generator.
The REC Master Agreement clarifies that if allowances or other entitlements are issued by a Governmental Authority and are allocated to a Renewable Energy Facility on a basis other than actual generation, such allowances or entitlements would not be part of the Renewable Attributes. However, upon review of the Order by the Illinois Control Pollution Board (R06-26), NOx allowances provided under that program are allocated on the basis of actual generation and thus would be considered Environmental Attributes for the purposes of this RFP.
Please see the Guidance Notes to the REC Master Agreement, available on the Renewables page, for further details.
This response was first posted on 4/10/2008 and updated on 4/22/2008.
Bids are due by noon (Central Prevailing Time) on April 23rd, 2008. The REC Rules do not specify a beginning to the bidding window. You may submit your Bids at any time prior to the deadline. The Procurement Administrator will confirm receipt of your Bids within 15 minutes of submission of the Bid Form as long as the Bid Form is submitted during business hours (otherwise it will confirm receipt at the beginning of the next business day).4/22/2008, in