ComEd Energy RFPs

Frequently Asked Questions Questions submitted through this site are generally answered by the Procurement Administrator within two business days. A response will be sent directly to the questioner. If a question is not within the scope of the Procurement Administrator's role or expertise, the Procurement Administrator may, instead of providing an answer, refer the questioner to an alternative source of information. All questions and answers are posted to this site, unless the question and answer repeat information already provided on the FAQ page or generally do not provide additional information that may be relevant to prospective suppliers.

Do you have a question? Please click here.

To receive updates and information regarding the ComEd RFPs directly, please click here to use our automated form to register to our mailing list.

FAQs are organized into three categories:

FAQs are posted periodically, please check back often for updated postings.

Go to page: 1(newest) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16(oldest) Next

FAQ-156. Who is the supplier fee paid to?

The Supplier Fee is paid to ComEd. The Supplier Fee for the 2009 ComEd Renewables RFP is $0.42 per REC for all RECs for which the supplier has approved bids. The amount of the Supplier Fee is provided in a confirmation sent to each supplier. The Supplier Fee is due on August 20, 2009.

For questions related to the administration of the contracts, please call Kathy Kremer of ComEd at 630-684-3574.

5/15/2009, in Renewables RFP.

FAQ-155. Who is the beneficiary of the Post Bid LC?

The beneficiary of the Post-Bid Letter of Credit is Commonwealth Edison Company ("ComEd").

The contact information for the beneficiary is:
Commonwealth Edison Company ("ComEd")
William P. McNeil
Vice President – Energy Acquisition
1919 Swift Drive
Oakbrook, IL 60521-1580
Tel: (630) 684-3558
Fax: (630) 684-3580

The banking information is the same as what was used for the Pre-Bid Letter of Credit.

5/14/2009, in Renewables RFP.

FAQ-154. Do you post ComEd load profile data available to you Web site?

Our Web site contains the official documents and announcements for the Requests for Proposals to implement the Procurement Plan of the Illinois Power Agency ("IPA") as it pertains to ComEd's portfolio. Our Web site does not contain ComEd data or ComEd load profiles.

For ComEd load profile data, we refer you to the following Web site, which may have the information you seek: http://www.comedpowerpath.com/Settlementprofiles/settlementhome.asp.

5/14/2009, in General.

FAQ-153. Does ComEd have a template for a Control Agreement which would govern the cash held as collateral for the supply period of the REC Master Agreement?

Cash is an acceptable form of performance assurance under the terms of the REC Master Agreement but ComEd will not hold cash during the supply period. Performance assurance in the form of cash will be held by a Qualified Institution. ComEd will pay to the seller the amount of interest it receives from the Qualified Institution on any performance assurance in the form of cash. Please see VI.B of Paragraph 10 as well as Paragraph 6 of the Collateral Annex to the REC Master Agreement.

5/14/2009, in Renewables RFP.

FAQ-152. Has the Commission approved the use of benchmarks in the REC RFP? Is documentation available on this ruling?

The Commission voted to approve the benchmarks in an open session held on April 22, 2009. Members of the public were free to attend that session and hear the Commission's vote. Members of ICC Staff were present and can attest that the benchmarks were approved in open session. When they become available, the minutes of this open session will be posted to the Commission's Web site at: http://www.icc.illinois.gov/chiefclerk/minutes.aspx.

5/11/2009, in Renewables RFP.

FAQ-151. Do RECs have to be delivered via M-RETS or PJM GATS? Are RECs delivered by Green-e Wholesale Attestation also acceptable by ComEd?

Participation in PJM-EIS GATS and/or M-RETS is a requirement and all RECs to be delivered to ComEd under the terms of the REC Master Agreement must be through PJM-EIS GATS or M-RETS. Please see Section 2.2 of the REC Master Agreement, which states: "Payment shall only be made for those RECs Delivered or transferred to Party B’s PJM EIS GATS and/or M-RETS account." Section 2.5 of the REC Master Agreement (as updated in the Cover Sheet of the REC Master Agreement), also states that "the Parties agree to follow the specific delivery rules applicable to PJM EIS GATS and/or M-RETS, as appropriate. The Seller shall Deliver PJM EIS GATS and/or M-RETS RECs by initiating transfer to the PJM EIS GATS and/or M-RETS account of the Buyer. The transfer of the PJM EIS GATS and/or M-RETS RECs shall represent a transfer of and valid title to such PJM EIS GATS and/or M-RETS RECs free and clear of any lien or other encumbrance."

Please note that Section 5.1 (b) of the REC Master Agreement specifies a minimum delivery schedule during the supply period. REC deliveries need not start until October 28, 2009. Please also refer to FAQ-81 for information about the minimum delivery schedule provided under the REC Master Agreement.

5/11/2009, in Renewables RFP.

FAQ-150. Section 5 of the Pre-bid Letter of Credit requires the bank providing the Pre-Bid Letter of Credit to transfer any amounts drawn on that Letter of Credit "at the opening of business on the first Business Day next succeeding the date of such drawing" if the drawing notification is made on or after 11:00 AM. What time is the "opening of business" for the purpose of these Pre-Bid Letters of Credit?

The opening of business for the purpose of these Pre-Bid Letters of Credit would be the time at which the Issuing Bank opens for business.

5/11/2009, in Renewables RFP.

FAQ-149. In the REC RFP, can a prospective supplier provide a bid for generation from an Illinois facility that it does not own? Would an agency agreement that includes the generation owner be required in this case?

The RFP is for the purchase of RECs, not for the purchase of generation from a particular facility. You will be required to specify the category to which the RECs that you are bidding correspond. The six possible categories are Illinois Wind, Illinois Non-Wind, Adjoining-State Wind, Adjoining-State Non-Wind, Other-State Wind, and Other-State Non-Wind. Adjoining States are Wisconsin, Iowa, Missouri, Kentucky, Indiana and Michigan. Other States are states other than Illinois, Wisconsin, Iowa, Missouri, Kentucky, Indiana, and Michigan.

Please see FAQs 86-90 for clarification on agency agreements and on the certifications that you have to make under the REC RFP.

5/6/2009, in Renewables RFP.

FAQ-148. If we wish to revise the amount of our Pre-Bid Letter of Credit, should we do so by submitting an additional Pre-Bid Letter of Credit or by submitting an amendment to the original Pre-Bid Letter of Credit?

You may provide an amendment to the letter of credit to change the amount.

5/6/2009, in Renewables RFP.

FAQ-147. The May 1, 2009 announcement regarding the ICC’s approval of the Standard Products RFP lists the Average Prices and Quantities of Products and Combinations. What is a "Product” in the RFP, and what is a “Combination"?

See Article I of the RFP Rules. A Product is a constant quantity of energy to be delivered at the Northern Illinois Hub ("NiHub") for either the on-peak hours or the off-peak hours of a specific month. An RFP Bidder was able to bid on any number of Products. In addition, an RFP Bidder was able to bid on Combinations. A Combination is a grouping of two or more Products. An RFP Bidder could bid on one or more of fourteen (14) specific Combinations, consisting of seven (7) groupings of on-peak Products and seven (7) groupings of off-peak Products. These groupings are: July and August 2009; October, November, and December 2009; January and February 2010; March and April 2010; June 2009 to May 2010; July and August 2010; and January and February 2011.

5/6/2009, in Standard Products RFP.


Home Calendar Announcements Standard Products Documents Renewables Documents FAQs Ask A Question Links Previous RFPs	Frequently Asked Questions Questions submitted through this site are generally answered by the Procurement Administrator within two business days. A response will be sent directly to the questioner. If a question is not within the scope of the Procurement Administrator's role or expertise, the Procurement Administrator may, instead of providing an answer, refer the questioner to an alternative source of information. All questions and answers are posted to this site, unless the question and answer repeat information already provided on the FAQ page or generally do not provide additional information that may be relevant to prospective suppliers. Do you have a question? Please click here. To receive updates and information regarding the ComEd RFPs directly, please click here to use our automated form to register to our mailing list. FAQs are organized into three categories: General Standard Products RFP Renewables RFP FAQs are posted periodically, please check back often for updated postings. Go to page: 1(newest) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16(oldest) Next FAQ-156. Who is the supplier fee paid to? The Supplier Fee is paid to ComEd. The Supplier Fee for the 2009 ComEd Renewables RFP is $0.42 per REC for all RECs for which the supplier has approved bids. The amount of the Supplier Fee is provided in a confirmation sent to each supplier. The Supplier Fee is due on August 20, 2009. For questions related to the administration of the contracts, please call Kathy Kremer of ComEd at 630-684-3574. 5/15/2009, in Renewables RFP. FAQ-155. Who is the beneficiary of the Post Bid LC? The beneficiary of the Post-Bid Letter of Credit is Commonwealth Edison Company ("ComEd"). The contact information for the beneficiary is: Commonwealth Edison Company ("ComEd") William P. McNeil Vice President – Energy Acquisition 1919 Swift Drive Oakbrook, IL 60521-1580 Tel: (630) 684-3558 Fax: (630) 684-3580 The banking information is the same as what was used for the Pre-Bid Letter of Credit. 5/14/2009, in Renewables RFP. FAQ-154. Do you post ComEd load profile data available to you Web site? Our Web site contains the official documents and announcements for the Requests for Proposals to implement the Procurement Plan of the Illinois Power Agency ("IPA") as it pertains to ComEd's portfolio. Our Web site does not contain ComEd data or ComEd load profiles. For ComEd load profile data, we refer you to the following Web site, which may have the information you seek: http://www.comedpowerpath.com/Settlementprofiles/settlementhome.asp. 5/14/2009, in General. Back to Top FAQ-153. Does ComEd have a template for a Control Agreement which would govern the cash held as collateral for the supply period of the REC Master Agreement? Cash is an acceptable form of performance assurance under the terms of the REC Master Agreement but ComEd will not hold cash during the supply period. Performance assurance in the form of cash will be held by a Qualified Institution. ComEd will pay to the seller the amount of interest it receives from the Qualified Institution on any performance assurance in the form of cash. Please see VI.B of Paragraph 10 as well as Paragraph 6 of the Collateral Annex to the REC Master Agreement. 5/14/2009, in Renewables RFP. FAQ-152. Has the Commission approved the use of benchmarks in the REC RFP? Is documentation available on this ruling? The Commission voted to approve the benchmarks in an open session held on April 22, 2009. Members of the public were free to attend that session and hear the Commission's vote. Members of ICC Staff were present and can attest that the benchmarks were approved in open session. When they become available, the minutes of this open session will be posted to the Commission's Web site at: http://www.icc.illinois.gov/chiefclerk/minutes.aspx. 5/11/2009, in Renewables RFP. FAQ-151. Do RECs have to be delivered via M-RETS or PJM GATS? Are RECs delivered by Green-e Wholesale Attestation also acceptable by ComEd? Participation in PJM-EIS GATS and/or M-RETS is a requirement and all RECs to be delivered to ComEd under the terms of the REC Master Agreement must be through PJM-EIS GATS or M-RETS. Please see Section 2.2 of the REC Master Agreement, which states: "Payment shall only be made for those RECs Delivered or transferred to Party B’s PJM EIS GATS and/or M-RETS account." Section 2.5 of the REC Master Agreement (as updated in the Cover Sheet of the REC Master Agreement), also states that "the Parties agree to follow the specific delivery rules applicable to PJM EIS GATS and/or M-RETS, as appropriate. The Seller shall Deliver PJM EIS GATS and/or M-RETS RECs by initiating transfer to the PJM EIS GATS and/or M-RETS account of the Buyer. The transfer of the PJM EIS GATS and/or M-RETS RECs shall represent a transfer of and valid title to such PJM EIS GATS and/or M-RETS RECs free and clear of any lien or other encumbrance." Please note that Section 5.1 (b) of the REC Master Agreement specifies a minimum delivery schedule during the supply period. REC deliveries need not start until October 28, 2009. Please also refer to FAQ-81 for information about the minimum delivery schedule provided under the REC Master Agreement. 5/11/2009, in Renewables RFP. FAQ-150. Section 5 of the Pre-bid Letter of Credit requires the bank providing the Pre-Bid Letter of Credit to transfer any amounts drawn on that Letter of Credit "at the opening of business on the first Business Day next succeeding the date of such drawing" if the drawing notification is made on or after 11:00 AM. What time is the "opening of business" for the purpose of these Pre-Bid Letters of Credit? The opening of business for the purpose of these Pre-Bid Letters of Credit would be the time at which the Issuing Bank opens for business. 5/11/2009, in Renewables RFP. Back to Top FAQ-149. In the REC RFP, can a prospective supplier provide a bid for generation from an Illinois facility that it does not own? Would an agency agreement that includes the generation owner be required in this case? The RFP is for the purchase of RECs, not for the purchase of generation from a particular facility. You will be required to specify the category to which the RECs that you are bidding correspond. The six possible categories are Illinois Wind, Illinois Non-Wind, Adjoining-State Wind, Adjoining-State Non-Wind, Other-State Wind, and Other-State Non-Wind. Adjoining States are Wisconsin, Iowa, Missouri, Kentucky, Indiana and Michigan. Other States are states other than Illinois, Wisconsin, Iowa, Missouri, Kentucky, Indiana, and Michigan. Please see FAQs 86-90 for clarification on agency agreements and on the certifications that you have to make under the REC RFP. 5/6/2009, in Renewables RFP. FAQ-148. If we wish to revise the amount of our Pre-Bid Letter of Credit, should we do so by submitting an additional Pre-Bid Letter of Credit or by submitting an amendment to the original Pre-Bid Letter of Credit? You may provide an amendment to the letter of credit to change the amount. 5/6/2009, in Renewables RFP. FAQ-147. The May 1, 2009 announcement regarding the ICC’s approval of the Standard Products RFP lists the Average Prices and Quantities of Products and Combinations. What is a "Product” in the RFP, and what is a “Combination"? See Article I of the RFP Rules. A Product is a constant quantity of energy to be delivered at the Northern Illinois Hub ("NiHub") for either the on-peak hours or the off-peak hours of a specific month. An RFP Bidder was able to bid on any number of Products. In addition, an RFP Bidder was able to bid on Combinations. A Combination is a grouping of two or more Products. An RFP Bidder could bid on one or more of fourteen (14) specific Combinations, consisting of seven (7) groupings of on-peak Products and seven (7) groupings of off-peak Products. These groupings are: July and August 2009; October, November, and December 2009; January and February 2010; March and April 2010; June 2009 to May 2010; July and August 2010; and January and February 2011. 5/6/2009, in Standard Products RFP.
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