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FAQ-63:
Can an RFP Bidder that does not have winning Bids approved by the Commission in a solicitation under DSP V execute the Uniform SMA in order to have an abbreviated contract execution process in subsequent solicitations?
As stated in Paragraph VII.3.1 of the RFP Rules, “the winning RFP Bidders and PECO must execute the Uniform SMAs and Transaction Confirmations within three (3) days of acceptance of the results by the Commission.” There is no process for an RFP Bidder that does not have winning Bids approved by the Commission to execute the Uniform SMA.Previously eligible RFP Bidders, which are RFP Bidders that become eligible to bid for a solicitation under DSP V, participate in an abbreviated Part 1 and Part 2 proposal process in subsequent solicitations by using the Short Part 1 Form and Short Part 2 Form to respond to the qualification requirements.
03/07/2024 in Contract
- FAQ-62:
Does PECO provide example invoices or historical costs for the various components of full requirements?
Example invoices and historical costs for the various components of full requirements are not available from PECO or the Independent Evaluator. Appendix D to the Uniform SMA provides the PJM Billing Statement line items and the responsible party (Buyer or Seller) for each item. Additionally, you can find historical weighted average winning bid prices from prior solicitations available on the PECO RFP website.
03/01/2024 in General
- FAQ-61:
Have there been any changes to the Pre-Bid Letter of Credit since the September 2023 Solicitation?
The Pre-Bid Letter of Credit for the March 2024 Solicitation is available on the Supplier Information page of the RFP website and is dated December 21, 2023. Three administrative changes have been made to the Pre-Bid Letter of Credit since the September 2023 Solicitation:1) The expiry date in Paragraph 1 was updated to no earlier than March 27, 2024;
2) The field for PECO’s telephone number was replaced with a field for their email address in Paragraph 7; and
3) The list of titles in the definition of “Authorized Officer” was updated in Paragraph 12.
The Pre-Bid Letter of Credit is provided in word format and RFP Bidders may use this document to make a redline to a prior version posted. The Pre-Bid Letter of Credit is due with the Part 2 Proposal by Thursday, March 7, 2024.
02/15/2024 in Credit
- FAQ-60:
Have there been any changes to the Uniform SMA since the September 2023 Solicitation?
Yes, on December 22, 2023, PECO petitioned to modify its Uniform SMA for its Default Service Program V (“DSP V”) to add a new, optional Appendix I, which incorporates the International Swaps and Derivatives Association 2018 U.S. Resolution Stay Protocol (“ISDA U.S. Stay Protocol”). The Commission approved PECO’s petition on February 1, 2024 in Docket No. P-2023-3045119. RFP Bidders that adhere to the ISDA U.S. Stay Protocol may elect for both the RFP Bidder and PECO to execute Appendix I at the point of contract execution to incorporate necessary terms of the ISDA U.S. Stay Protocol. RFP Bidders that intend to execute Appendix I at the point of contract execution will indicate this election to the Independent Evaluator in the Part 1 Proposal. Please see Appendix I of the Uniform SMA, dated February 1, 2024, posted to the RFP website for additional information.The modification to add this new, entirely optional Appendix I to the Uniform SMA beginning with this March 2024 Solicitation is the only modification made since the Uniform SMA was approved for PECO’s DSP V by the Commission on December 3, 2020.
02/15/2024 in Contract
- FAQ-59:
Has PECO petitioned the Pennsylvania Public Utility Commission (“Commission”) for approval to modify its fifth default service program (“DSP V”) Default Service Supplier Master Agreement (“SMA”) to incorporate the 2018 International Swaps and Derivatives Association, Inc. (“ISDA”) U.S. Resolution Stay Protocol?
On December 22, 2023, PECO petitioned to modify its DSP V SMA to add a new Appendix I which incorporates the 2018 ISDA U.S. Resolution Stay Protocol (Docket No. P-2023-3045119). This addition would enable market participants subject to the regulations issued by the Board of Governors of the Federal Reserve System (12 C.F.R. §§ 252.2, 252.81-88), the Federal Deposit Insurance Corporation (12 C.F.R. §§ 382.1-7) and the Office of the Comptroller of the Currency (12 C.F.R. §§ 47.1-8) to participate in the PECO’s default service solicitations.PECO is seeking expedited approval of the addition of Appendix I to the DSP V SMA on or before the Commission’s public meeting scheduled for February 1, 2024 to be used in the upcoming March 2024 solicitation.
01/08/2024 in Contract
- FAQ-58:
Is the daily peak load contribution (“PLC”) or the daily network transmission service peak load (“NSPL”) data scaled using the daily zonal scaling factors?
The daily peak load contribution (“PLC”) and network transmission service peak load (“NSPL”) data provided in Data Room are not scaled by the daily zonal scaling factor. The daily zonal scaling factors are provided in the file “PECO Daily Zonal Scaling Factor”.
12/21/2023 in Data
- FAQ-57:
Is the daily peak load contribution (“PLC”) and network transmission service peak load (“NSPL”) data adjusted for the NYPA allocation? Why is the sum of the values across the detail sheets not always exactly equal to the values on the summary sheet in the “PECO R PLC&NSPL Data” file?
The daily peak load contribution (“PLC”) and network transmission service peak load (“NSPL”) data for the Residential class are not adjusted for the NYPA allocation. The differences are due to the loss of precision—the Summary Sheet and Detail Sheet are published independently to one decimal. As a result, the summary sheet is a more accurate representation of total than adding up details.
12/21/2023 in Data
- FAQ-56:
Have any modifications been made to the products available in the March 2024 Solicitation or to the Uniform SMA due to the delayed PJM Base Residual Auction ("BRA") for the 2025/26 delivery year?
No modifications will be made to the products available in the March 2024 Solicitation or to the Uniform SMA due to the delayed PJM Base Residual Auction (“BRA”) for the 2025/26 delivery year.PJM’s Base Residual Auction (“BRA”) for the 2025/26 delivery year was delayed due to FERC proceedings. The delayed BRA for the 2025/26 delivery year is expected to be held in June 2024, after the Bid Date on March 12, 2024. The BRA for the 2025/26 delivery year, when held, will provide a visible capacity price for the last twelve months of the 24-month products. Bidders offering to supply the 24-month products are entirely responsible for any uncertainty related to the lack of visibility of the capacity price for those months.
12/21/2023 in General
- FAQ-55:
When will the Independent Evaluator notify RFP Bidders of winning Bids?
The Independent Evaluator phones each RFP Bidder that has submitted Bids by 3 PM on the Bid Date and identifies the RFP Bidder’s Bids that are provided to the Commission as winning Bids. The Independent Evaluator also provides a notification to the RFP Bidder by email.
12/21/2023 in General , Rules
- FAQ-54:
Is a Default Supplier under DSP V that has winning Bids that are approved by the Commission in a subsequent solicitation under DSP V required to execute a new Uniform SMA and guaranty (if applicable)?
No. PECO and each RFP Bidder with Bids that are approved by the Commission execute a single Uniform SMA and guaranty (if applicable) during the course of DSP V. A Default Supplier under DSP V that has winning Bids that are approved by the Commission in a subsequent solicitation under DSP V will execute one Transaction Confirmation for each product for which it has winning Bids and will not execute a new Uniform SMA or guaranty (if applicable).
12/21/2023 in Contract
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- FAQ-62: