This Web site provides information for prospective energy suppliers to Commonwealth Edison Company ("ComEd"). This ComEd Web site contains the official documents and announcements related to the Requests for Proposals ("RFPs") for electric supply and renewable energy products. This ComEd Web site is currently managed by the Procurement Administrator retained by the Illinois Power Agency ("IPA").The IPA has retained NERA Economic Consulting ("NERA") to act as Procurement Administrator. In this role, NERA coordinates the activities under the IPA's Procurement Plan for ComEd's portfolio.
This Web site contains information related to the procurement of energy products for Commonwealth Edison Company ("ComEd"). This Web site is intended as a general reference source for all prospective participants. The site contains descriptions and summaries of documents and information also available on this Web site. The descriptions and summaries are provided for general background and convenience only and should not be relied upon for any other purpose. Prospective participants and other interested parties should review complete copies of the relevant documents and should obtain appropriate advice before making decisions concerning the RFPs. This Web site may also report on developments that may affect the RFPs. Such updated information will be provided for convenience only.
Procurement of Standard Products
On September 30, 2010, the IPA submitted its Procurement Plan ("Plan") to the Illinois Commerce Commission in compliance with Public Act 095-0481 (the "Act"), which includes the Illinois Power Agency Act ("IPA Act"). The Illinois Commerce Commission ("ICC") approved the Plan with modifications on December 21, 2010. The Plan provides for procurement of supply for a three-year period beginning on June 1, 2011 and ending on May 31, 2014. The Plan proposes the procurement of thirty-six monthly on-peak and thirty-six monthly off-peak standard block forward products through an RFP. The quantity of each product reflects the forecasted average load and accounts for existing contracts for supply. These existing contracts include those from the 2010 procurement cycle and also include the financial swap contract extending to May 31, 2013 entered into with Exelon Generation Company.
Procurement of Renewable Energy Credits
The Plan provides for the acquisition of renewable energy credits ("RECs") for a term of one-year (the 2011-2012 period). PJM's Environmental Information System's ("EIS") Generation Attribute Tracking System ("GATS") and the Midwest Renewable Energy Tracking System ("M-RETS") will be utilized to independently verify the location of generation, resource type, as well as month and year of generation. The number of RECs to be procured is established in the Plan and is subject to customer rate protection provisions in the Act. The evaluation of the bids will be based on cost effectiveness, as well as the location and type of the renewable resource.