ComEd Energy RFPs

Announcements

May 13, 2009:
ANNOUNCEMENT: ICC Has Approved the Results of the Renewables RFP
May 1, 2009:
ICC Has Approved the Results of the Standard Products RFP
April 30, 2009:
DEADLINE: Renewables RFP Part 2 Proposals due on Thursday, May 7, 2009
April 23, 2009:
ANNOUNCEMENT: Standard Products and Renewables Benchmarks Approved
April 20, 2009:
POSTING: Illustrative Example of REC Delivery Schedule for Renewables RFP
April 20, 2009:
DEADLINE: Part 1 Proposals for the Renewables RFP are due on Wednesday at noon (CPT)
April 16, 2009:
Daily FAQ Postings
April 16, 2009:
NOTIFICATION: Pre-Bid Letter of Credit Information Available
April 16, 2009:
DEADLINE: Part 1 Proposals for the Standard Products RFP Are Due on Monday
April 14, 2009:
POSTING: Bidder Information Presentation & Redline Versions RFP Documents
April 13, 2009:
POSTING: Supplement to the Part 1 Form, Corrected Standard Products RFP Rules, and Corrected Renewables RFP Rules
April 10, 2009:
POSTING: RFP Rules and Master Agreements for Standard Products RFP and Renewables RFP
April 8, 2009:
Invitation: Bidder Information Call for the Standard Products RFP and Renewables RFP for ComEd
April 1, 2009:
REMINDER: Comments on the Standard Contract Form: Standard Energy Products and Renewable Energy Credits DUE TODAY at noon CPT
March 31, 2009:
POSTING: Draft RFP Documents & FAQs
March 30, 2009:
Posting: Comparison of 2009 Draft Contracts to 2008 Contracts Reminder: Deadline for Posting Comments is April 1, 2009
March 25, 2009:
Invitation to Comment on the Standard Contract Form: Standard Energy Products and Renewable Energy Credits
March 25, 2009:
March 25, 2009: 2009 ComEd Procurement: NEW Web Site

May 13, 2009: ANNOUNCEMENT: ICC Has Approved the Results of the Renewables RFP

On Wednesday, May 13, 2009, the Illinois Commerce Commission ("ICC") approved the results of the Renewables RFP for ComEd's portfolio. Public Notice can be accessed on the ICC Web site.

In accordance with the Act and ICC Orders, the Procurement Administrator is releasing the following information concerning the results of the Renewables RFP.

Winning Suppliers

Ameren Energy Marketing Company

Beecher Energy, LLC

CE2 Environmental Opportunities I LP

City of Peru Electric Department

Conectiv Energy Supply, Inc.

Constellation Energy Commodities Group, Inc.

EcoGrove Wind LLC

Element Markets, LLC

Exelon Generation Company, LLC

Iberdrola Renewables, Inc.

Integrys Energy Services Inc.

Invenergy Renewables LLC

Nexant, Inc.

NextEra Energy Power Marketing LLC

PSEG Energy Resources & Trade LLC

Rail Splitter Wind Farm, LLC

Sterling Planet, Inc.

WM Renewable Energy, L.L.C.

Final Average Winning Prices and Quantities of RECs by Product Type

Product	Price ($/REC)	Quantity (Number of RECs Procured)
Illinois Wind	21.13	1,173,270
Illinois Non-Wind	13.69	391,090
Adjoining State Wind	N/A	0
Adjoining State Non-Wind	N/A	0
Other State Wind	N/A	0
Other State Non-Wind	N/A	0

May 1, 2009: ICC Has Approved the Results of the Standard Products RFP

On Friday, May 1, 2009, the Illinois Commerce Commission ("ICC") approved the results of the Standard Products RFP for ComEd's portfolio.

In accordance with the Act and ICC Orders, the Procurement Administrator is releasing the following information concerning the results of the RFP.

Winning Suppliers

American Electric Power Service Corporation, as Agent for Appalachian Power Company, Columbus Southern Power Company, Indiana Michigan Power Company, Kentucky Power Company, and Ohio Power Company

Cargill Power Markets, LLC

Constellation Energy Commodities Group, Inc.

Edison Mission Marketing & Trading, Inc.

Exelon Generation Company, LLC

J.P. Morgan Ventures Energy Corporation

MidAmerican Energy Company

Morgan Stanley Capital Group Inc.

NextEra Energy Power Marketing, LLC

Sempra Energy Trading LLC

Average Prices ($/MWh) and Quantities (MW) of Contracts

Month	Average Price for On Peak Products ($/MWh)	On Peak Quantity (MW)	Average Price for Off Peak Products ($/MWh)	Off Peak Quantity (MW)
June 2009	36.23	2,000	22.07	1,350
July 2009	43.27	3,300	26.10	2,000
August 2009	43.34	3,000	26.05	1,800
September 2009	35.54	1,700	22.73	1,050
October 2009	36.10	1,200	23.99	700
November 2009	36.05	1,500	24.54	1,000
December 2009	36.41	1,950	24.64	1,400
January 2010	42.45	2,100	26.66	1,550
February 2010	42.04	1,850	26.63	1,350
March 2010	38.05	1,450	25.27	1,000
April 2010	37.81	1,150	25.05	750
May 2010	36.21	1,200	21.39	750
June 2010	40.67	750	21.59	200
July 2010	53.52	2,000	26.19	850
August 2010	53.66	1,650	26.21	600
September 2010	37.06	300	(not procured)	(not procured)
October 2010	(not procured)	(not procured)	(not procured)	(not procured)
November 2010	33.51	200	(not procured)	(not procured)
December 2010	37.41	700	22.51	250
January 2011	47.45	800	27.23	400
February 2011	47.22	550	26.95	200
March 2011	43.04	200	(not procured)	(not procured)
April 2011	(not procured)	(not procured)	(not procured)	(not procured)
May 2011	(not procured)	(not procured)	(not procured)	(not procured)

Average Prices ($/MWh) and Quantities (MW) of Products and Combinations

Month(s)	Average Price for On Peak Products or Combinations ($/MWh)	On Peak Quantity (MW)	Average Price for Off Peak Products or Combinations ($/MWh)	Off Peak Quantity (MW)
June 2009	35.52	1,550	21.66	1,200
July 2009	43.99	850	26.79	300
August 2009	44.76	550	27.26	100
September 2009	34.41	1,250	22.29	900
October 2009	31.88	50	21.24	100
November 2009	35.30	350	24.69	400
December 2009	36.58	800	24.78	800
January 2010	45.46	250	26.85	200
February 2010	N/A	0	N/A	0
March 2010	38.95	300	25.92	250
April 2010	N/A	0	N/A	0
May 2010	34.72	750	20.4	600
July and August 2009	44.00	2,000	26.03	1,550
October, November and December 2009	34.74	700	24.14	450
January and February 2010	43.12	1,400	26.79	1,200
March and April 2010	37.25	700	24.98	600
June 2009 to May 2010	38.68	450	25.37	150
June 2010	40.67	750	21.59	200
July 2010	52.86	350	26.13	250
August 2010	N/A	0	N/A	0
September 2010	37.06	300	(not procured)	0
October 2010	(not procured)	0	(not procured)	0
November 2010	33.51	200	(not procured)	0
December 2010	37.41	700	22.51	250
January 2011	47.96	250	27.51	200
February 2011	N/A	0	N/A	0
March 2011	43.04	200	(not procured)	0
April 2011	(not procured)	0	(not procured)	0
May 2011	(not procured)	0	(not procured)	0
July and August 2010	53.66	1,650	26.21	600
October, November and December 2010	(not procured)	0	(not procured)	0
January and February 2011	47.22	550	26.95	200
March and April 2011	(not procured)	0	(not procured)	0
June 2010 to May 2011	(not procured)	0	(not procured)	0

April 30, 2009: DEADLINE: Renewables RFP Part 2 Proposals due on Thursday, May 7, 2009

Part 2 Proposals (except Bids) for the Renewables RFP are due by NOON (Central Prevailing Time) on Thursday, May 7, 2009. Bids are due between 9 AM and NOON (Central Prevailing Time) on Monday, May 11, 2009. Only an RFP Bidder that is qualified pursuant to its Part 1 Proposal may submit a Part 2 Proposal, including its Bids.

All materials, including the Pre-Bid Letter of Credit, must be sent to the following address:

Procurement Administrator
2009 ComEd Procurement
222 South Riverside Plaza, 29th Floor
Chicago, IL 60606
Tel: (312) 239-1506
Fax: (312) 239-1510

April 23, 2009: ANNOUNCEMENT: Standard Products and Renewables Benchmarks Approved

On Wednesday, April 22, 2009, the ICC approved the benchmarks for the 2009 ComEd Procurement. Benchmarks will be used for the Standard Products RFP as well as for the Renewables RFP.

April 20, 2009: POSTING: Illustrative Example of REC Delivery Schedule for Renewables RFP

Section 5.1 (b) of the REC Master Agreement (as updated in the Cover Sheet of the REC Master Agreement) specifies a minimum delivery schedule during the supply period. This schedule provides REC Suppliers with considerable delivery flexibility.

A document entitled “REC Delivery Schedule Illustrative Example” provides an illustrative example of the delivery schedule flexibility afforded to REC Suppliers. This illustrative example can be found on the Renewables Documents page (http://www.comed-energyrfp.com/renewablesdocuments.asp) of the RFP Web site.

April 20, 2009: DEADLINE: Part 1 Proposals for the Renewables RFP are due on Wednesday at noon (CPT)

Part 1 Proposals are due by to participate in the 2009 ComEd Procurement of Renewable Energy Resources are due at NOON (Central Prevailing Time) on Wednesday, April 22, 2009.

Up to 1,564,360 RECs will be procured through a Request for Proposals ("REC RFP") issued on April 10, 2009.

The Part 1 Proposal is a Bidder's response to the qualification standards of the REC RFP. Only a Bidder that is qualified pursuant to its Part 1 Proposal may submit a Part 2 Proposal, including its bids.

Article IV of the Renewable Energy Resources RFP Process and Rules ("REC Rules") describes the required Part 1 Proposal materials. The REC Rules and all appendices are available on the Renewables Documents page of the RFP Web site.

No late submissions will be accepted.

All Part 1 Proposal materials must be sent to the following address:
Procurement Administrator
ComEd Procurement
222 South Riverside Plaza, 29th Floor
Chicago, IL 60606
Tel: (312) 239-1506
Fax: (312) 239-1510

April 16, 2009: Daily FAQ Postings

FAQs will be posted to the FAQs page daily this week.

Please refer to recently posted FAQs as these provide additional information concerning the submission of Part 1 and Part 2 Proposals. Please see in particular:

FAQ-33 which provides details about the date of issuance and the expiration date for the Pre-Bid Letter of Credit
FAQ-55 which provides information regarding acceptable modifications to the Pre-Bid Letter of Credit
FAQ-67 which provides information regarding how the collateral requirement under the REC Master Agreement may be reduced for REC deliveries prior to June 1, 2009.

April 16, 2009: NOTIFICATION: Pre-Bid Letter of Credit Information Available

Paragraph 7 of the Standard Pre-Bid Letter of Credit requires completion with banking and contact information for ComEd. This information may be required by your financial institution to finalize your Pre-Bid Letter of Credit. This information is now available upon request from the Procurement Administrator at: pa@comed-energyrfp.com.

April 16, 2009: DEADLINE: Part 1 Proposals for the Standard Products RFP Are Due on Monday

Part 1 Proposals are due by:
NOON (Central Prevailing Time) on Monday, April 20, 2009 for the Standard Products RFP
NOON (Central Prevailing Time) on Wednesday, April 22, 2009 for the Renewables RFP

The Part 1 Proposal is the RFP Bidder’s response to the qualification standards. Only an RFP Bidder that is qualified pursuant to its Part 1 Proposal may submit a Part 2 Proposal, including its bids.

All materials must be sent to the following address:

Procurement Administrator
2009 ComEd Procurement
222 South Riverside Plaza, 29th Floor
Chicago, IL 60606
Tel: (312) 239-1506
Fax: (312) 239-1510

April 14, 2009: POSTING: Bidder Information Presentation & Redline Versions RFP Documents

The presentation from the Bidder Information Call held on Tuesday, April 14, 2009 is now available on the ComEd Energy RFPs Web site.

Redline documents comparing the version of the Standard Products RFP Rules and Appendices posted to the Web site on March 30, 2009 to the version posted on April 10, 2009 are also now available the Standard Products Documents page.

Redline documents comparing the version of the Renewables RFP Rules and Appendices on March 30, 2009 to the version posted on April 10, 2009 are also now available on the Renewables Documents page.

April 13, 2009: POSTING: Supplement to the Part 1 Form, Corrected Standard Products RFP Rules, and Corrected Renewables RFP Rules

The Supplement to the Part 1 Form has been posted for both the Standard Products RFP and the Renewables RFP. All prospective suppliers that present a Part 1 Proposal must include the Supplement to the Part 1 Form. The supplement is used to prepare is the Master Agreement (and Guaranty, if applicable) that qualified applicants are required to execute and include with their Part 2 Proposal. The documents are posted to the Standard Products Documents page and Renewables Documents page.

The Standard Products RFP Rules and Renewables RFP Rules were initially posted on Friday, April 10, 2009. These documents were re-posted today (April 13, 2009) after we corrected minor typographical errors. Pages with corrections have a header that reads "Corrected 4-13-09" in the right-hand corner. Please replace any previously downloaded documents with these corrected versions. We apologize for any inconvenience this may cause.

April 10, 2009: POSTING: RFP Rules and Master Agreements for Standard Products RFP and Renewables RFP

For ComEd's Standard Products RFP, the RFP Rules have been posted to the Standard Products Documents page today, April 10, 2009. The Standard Products RFP Rules include the following Appendices:

Appendix 1: Master Power Purchase and Sale Agreement
Appendix 2: Part 1 Form
Appendix 3: Part 2 Form
Appendix 4: Illustrative Bid Form
Appendix 5: CFO Attestation
Appendix 6: Pre-Bid Letter of Credit
Appendix 7: Officer’s Certificate (for RFP Bidders under an Agency Agreement)
Appendix 8: Confidentiality Statement

For ComEd's Renewables RFP, the REC RFP Rules have been posted to the Renewables Documents page today, April 10, 2009. The REC RFP Rules include the following Appendices:

Appendix 1: Master REC Purchase & Sales Agreement
Appendix 2: Part 1 Form
Appendix 3: Part 2 Form
Appendix 4: Illustrative Bid Form
Appendix 5: Resource Selection
Appendix 6: Pre-Bid Letter of Credit
Appendix 7: Agency Officer’s Certificate
Appendix 8: Confidentiality Statement

April 8, 2009: Invitation: Bidder Information Call for the Standard Products RFP and Renewables RFP for ComEd

The Illinois Power Agency plans the procurement of standard energy products for a two-year period as well as the procurement of renewable energy products to meet the supply needs of eligible retail customers of Commonwealth Edison Company ("ComEd"). Offers for standard energy products for the period June 1, 2009 through May 31, 2011 will be solicited through a Request for Proposals (the "Standard Products RFP"). Offers for Renewable Energy Credits ("RECs") will be solicited through a second Request for Proposals (the "REC RFP").

A Bidder Information Call is scheduled for Tuesday, April 14 at 10 a.m. (Central Time). Representatives from NERA, the Procurement Administrator, will provide an overview of both the Standard Products RFP and the REC RFP, including the qualification requirements, terms of the Master Agreements, and process for submission of bids. Time is scheduled for questions.

ComEd Procurement Bidder Information Call:
Tuesday, April 14, 2009 (10:00 a.m. - 1:00 p.m. Central Time)

Dial-in information:
Dial-in Number: (866) 746-0569
Conference Code: 94281261

To participate, please provide by return email or by emailing pa@comed-energyRFP.com the total number of phone connections needed. The presentation materials will be provided on the morning of the presentation.

April 1, 2009: REMINDER: Comments on the Standard Contract Form: Standard Energy Products and Renewable Energy Credits DUE TODAY at noon CPT

Comments on the Standard Contract Form: Standard Energy Products and Renewable Energy Credits DUE TODAY at noon CPT. Comments must be submitted by email to the Procurement Administrator, at the following e-mail address: pa@comed-energyrfp.com. Interested parties are requested to provide telephone and email contact information in the event that the review committee needs clarification regarding their comments.

For more information, please refer to the invitation to comment on the Standard Master Agreement and the invitation to comment on the REC Master Agreement, posted to the Web site on March 25th.

March 31, 2009: POSTING: Draft RFP Documents & FAQs

The Procurement Administrator has posted draft documents for both the Standard Products RFP and the Renewables RFP. These documents are available in downloadable format on the Standard Products Documents page and the Renewables Documents page respectively.

The Procurement Administrator posted the first set of FAQs. To submit a question to us, please use the Ask a Question page. The Procurement Administrator responds to a question by email directly to the questioner and then the question and answer are posted to the Web site as an FAQ. FAQs will be posted weekly on Tuesdays (or more often if needed).

March 30, 2009: Posting: Comparison of 2009 Draft Contracts to 2008 Contracts Reminder: Deadline for Posting Comments is April 1, 2009

The Illinois Power Agency ("IPA") will issue two RFPs to solicit offers to secure standard energy products and renewable energy products to meet the supply needs of eligible retail customers of Commonwealth Edison Company ("ComEd"). It is expected that all successful suppliers – both current and new suppliers – will be required to sign a 2009 standard contract with ComEd. Suppliers may not rely on previously executed contracts in 2008 and successful suppliers in this year’s procurement events will be required to sign the new standard contract forms.

On March 25, 2009, the Procurement Administrator posted draft contract forms:

To access the draft contract for standard energy products, click here.
To access the draft contract for renewable energy products, click here.

On March 30, 2009, at the request of suppliers, the Procurement Administrator posted comparisons between the draft contracts for 2009 and the standard contracts used for 2008:

To access the redline Standard Master Agreement, click here.
To access the redline REC Master Agreement, click here.

The deadline for interested parties to provide comments is April 1, 2009 at noon CPT.

March 25, 2009: Invitation to Comment on the Standard Contract Form: Standard Energy Products and Renewable Energy Credits

The Illinois Power Agency ("IPA") will solicit offers to secure standard energy products and Renewable Energy Credits to meet the supply needs of eligible retail customers of Commonwealth Edison Company ("ComEd"). Offers for standard energy products for the period June 1, 2009 through May 31, 2011 will be solicited through a Request for Proposals ("Standard RFP") while offers for renewable energy credits will be solicited through a second Request for Proposals ("REC RFP"). NERA Economic Consulting has been retained by the Illinois Power Agency ("IPA") as the Procurement Administrator for ComEd’s portfolio.

For the procurement of standard energy products, the Procurement Administrator is proposing as the standard contract form the EEI Master Power Purchase & Sale Agreement with certain modifications and specific terms (the "Standard Master Agreement"). For the procurement of Renewable Energy Credits ("RECs"), the Procurement Administrator is proposing as the standard contract form the ABA-EMA-ACORE Master Renewable Energy Certificate Purchase & Sale Agreement with certain modifications and specific terms (the "REC Master Agreement"). The Standard Master Agreement and the REC Master Agreement (together the "Master Agreements") were posted to the Web site (www.comed-energyrfp.com) on March 25, 2009.

The Procurement Administrator invites interested parties to submit their comments on one or both of the Master Agreements. All comments received in accordance with the process outlined below will be reviewed by representatives from the IPA, the Procurement Administrator, the Procurement Monitor, Staff of the Illinois Commerce Commission ("ICC"), and ComEd.

The timeline and process for interested parties to provide comments on the Master Agreements is as follows: Comments must be submitted by email to the Procurement Administrator, at the following e-mail address: pa@comed-energyrfp.com. Interested parties are requested to provide telephone and email contact information in the event that the review committee needs clarification regarding their comments.

The Procurement Administrator requests that comments be clearly indicated with tracked changes in Microsoft Word. Interested parties may provide an accompanying document with explanatory notes.

The deadline for interested parties to provide comments is April 1, 2009 at noon CPT.

The Master Agreements incorporating accepted comments will be posted to the Web site by April 10, 2009.

Please direct any questions regarding this comment process to the Ask a Question page of the Web site.

March 25, 2009: 2009 ComEd Procurement: NEW Web Site

Please visit our new Web site
www.comed-energyrfp.com to access documents and information concerning the procurement of standard energy products and Renewable Energy Credits to meet the supply needs of eligible retail customers of Commonwealth Edison Company ("ComEd").

NERA Economic Consulting has been retained by the Illinois Power Agency ("IPA") as the Procurement Administrator for the ComEd portfolio.

To continue receiving announcements related to the 2009 procurement process, if you have not already done so, please : Register Now.

To submit a question to us, please use the Ask a Question page. The Procurement Administrator responds to a question by email directly to the questioner and then, if the question provides new information for potential suppliers, the question and answer are posted to the Web site as an FAQ.