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FAQs are organized into these categories:
FAQs with information that is no longer relevant are posted to the FAQ Archives page
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In entering bids for the Rate Stability (“RS”) REC RFP, quantities are entered from top to bottom for a Product. Are the quantities cumulative or are the quantities specific to the price provide in the same line?
The REC quantity in a given line of the Bid Form represent the number of RECs offered at that price. The quantities are not cumulative.
Should Lincoln’s birthday be considered a holiday for purposes of the Rate Stability (“RS”) RFPs?
Yes, Lincoln’s birthday, observed on Monday, February 13 this year, is a state holiday.
We note that the REC targets sometimes increase from one compliance period to the next and sometimes decrease. How is that possible given that the statutory percentage required of renewable resources increases over time?
The REC targets will vary with the statutory percentage and as you note that percentage grows over time. The REC targets will also vary with the load forecast, which is based on total sales in the geographic area to eligible customers, and projected municipal aggregation. The load forecast including municipal aggregation impacts is made my ComEd. The resulting targets for the Rate Stability REC RFP are mathematically correct given the assumptions on these items.
Where can we find the credit instruments in Word format for the Rate Stability (“RS”) RFPs?
These documents were released in final form on 12 January 2012 and are available here under the RS Block Master Agreement (Final) (January 12, 2012) and RS REC Master Agreement (Final) (January 12, 2012) headers.
Specifically, The Standard Post-Bid Letter of Credit is Schedule 1A to the Collateral Annex. The Letter of Full Transfer is Exhibit A to Schedule 1A to the Collateral Annex. The Guaranty is Schedule 2 to the Collateral Annex.
When will the Rate Stability Block and REC RFP documents be released?
The final RFP Rules were released on 12 January 2012 and are available here under the RS Block RFP Documents (Final) (January 12, 2012) and RS REC RFP Documents (Final) (January 12, 2012) headers.
Is Illinois going to adopt an aggregation system to compile the energy produced by Distributed Generation (“DG”) equipment? Who can be the aggregators?
These are potential topics for the 2012 Distributed Generation (“DG”) workshops.
Are Distributed Generation (“DG”) sources eligible to submit a proposal in the Rate Stability (“RS”) REC RFP and does the RS REC RFP specifically recognize DG?
We anticipate providing in the coming weeks an announcement concerning workshops during the Spring that will establish the process by which Distributed Generation (“DG”) will be specifically procured. While the RS REC RFP does not specifically recognize DG, an aggregator with sufficient resources may present a Proposal to the RS REC RFP. Such a party will be required to accept the terms of the RS Master Agreement and the rules of the RS REC RFP.
How does the issuance of SB 1652 impact remuneration for small scale generation and the market at large?
Each Bidder is entirely responsible for assessing the market impacts of legislation.
Where are the Post-Bid Letters of Credit for the Rate Stability RFPs posted?
The Standard Post-Bid Letter of Credit for each of the Rate Stability (“RS”) RFPs is posted to the Rate Stability Winter Procurement page. The Standard Post-Bid Letter of Credit is Schedule 1A to the Collateral Annex. You may also submit a draft of Exhibit A (Letter of Full Transfer). For the RS Block RFP, these documents are posted under the header “RS Block Master Agreement (Final) (January 12, 2012)”. For the RS REC RFP, there documents are posted under the header “RS REC Master Agreement (Final) (January 12, 2012)”.
Can a Supplier elect to deliver RECs that are either "Unit Contingent" or "Generation Contingent"?
No. The deliveries of RECs are not facility-specific and the Rate Stability ("RS") Master Agreement does not identify a specific facility or facilities that deliveries would be contingent upon. The Supplier agreeing to supply 1,000 RECs must supply 1,000 RECs. RECs can be purchased and supplied from any facility of the same type and location or a more preferred type and location.
