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 IPA's Procurement activities for ComEd's portfolio.
This Web site contains information related to the procurement of energy products for 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 (Spring Procurement)
On September 28, 2011, 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 Plan provides for procurement of supply for a three-year period beginning June 1, 2012 and ending on May 31, 2015. The Plan proposes the procurement of monthly on-peak and off-peak standard block forward products as well as combinations through an RFP. The quantity of each product reflects the forecasted load and accounts for existing contracts for supply. These existing contracts include those from prior Spring procurements, from the Rate Stability Winter procurement, as well as the financial swap contract extending to May 31, 2013 entered into with Exelon Generation Company.
Procurement of Renewable Energy Credits (Spring Procurement)
The Plan provides for the acquisition of renewable energy credits ("RECs") for a term of one-year (the 2012-2013 period). PJM's Environmental Information System's ("EIS") Generation Attribute Tracking System ("GATS"), the Midwest Renewable Energy Tracking System ("M-RETS"), or the North American Renewable Registry (NARR) 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 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.
Rate Stability Winter Procurements
Illinois Public Act 97-0616 (PA 97-0616), which aimed to promote price stability for residential and small commercial customers, became effective on October 26, 2011. Under PA 97-0616, the IPA conducted two procurement events. The first procurement event, with bids due on February 10, 2012, solicited bids for around-the-clock energy contracts over the period June 1, 2013 to December 31, 2017, with pricing escalating at 2.5% per annum. The second procurement, with bids due on February 16, 2012, was for the acquisition of Renewable Energy Certificates ("RECs") for delivery generally during the period June 1, 2013 to December 31, 2017.