FAQs
All FAQs
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FAQ-53:
Can you please provide a physical address for PECO for the purposes of issuing the Pre-Bid Letter of Credit?
Please see the modification on page 5 of the list of acceptable modifications to the Pre-Bid Letter of Credit posted on the Supplier Documents page. If a physical address is required strictly for purposes of identifying the Beneficiary, it is acceptable to use PECO’s address below the beneficiary name. The pre-bid letter of credit must be submitted as an electronic PDF file via electronic means only to the Independent Evaluator. A hardcopy version should not be delivered to this address.
12/21/2023 in Credit
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FAQ-52:
Can you please provide the Planning Year 2024-2025 peak load contribution data for default service customers and for customers served by EGSs for each customer class?
The Total Peak (MW) and Default Peak (MW) for each Class provided in the Addendum to the RFP Rules was updated on December 19, 2023 for Planning Year 2024-2025. Historical daily peak load contribution data for the total retail load, default service customers and for customers served by EGSs is available by Class and strata in the Data Room.
12/21/2023 in Data
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FAQ-51:
Is the hourly load data in the Data Room already adjusted to include UFE? How does PECO allocate UFE?
The hourly load data in the Data Room has already been adjusted to include Unaccounted for Energy (“UFE”).PECO allocates UFE to all Load Serving Entities in the PECO zone (i.e., to EGS and default service Load Serving Entities) each month based on load-ratio share. Prior to March 2015 UFE is allocated to monthly-metered customers and not to hourly/interval metered customers. Starting in March 2015 UFE is allocated to all customers, including hourly/interval metered customers.
12/21/2023 in Data
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FAQ-50:
In Section 4 of the Standard Part 1 Form, an RFP Bidder that has not previously qualified pursuant to a successful Part 1 Proposal is required to provide a copy of the signature page of the Reliability Assurance Agreement (“RAA”). If the signature page is not available, can an RFP Bidder provide the current version of the RAA posted to PJM’s website including Schedule 17, which lists the parties to the RAA, to meet this requirement?
If the RFP Bidder is a signatory to the Reliability Assurance Agreement (“RAA”) and the signature page is unavailable, the RFP Bidder may provide the current version of the RAA posted to PJM’s website including Schedule 17, which lists the parties to the RAA, to meet this requirement. For purposes of completing the Part 1 Proposal, the RFP Bidder must also provide a statement in Section 6 Justification of Omissions of the Part 1 Form explaining the signature page is not available.
12/21/2023 in Rules
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FAQ-49:
We are relying on a Foreign Entity as RFP Guarantor. What financial documentation should be provided in Section 2 in the online Part 1 Form?
Financial information must be available for a Foreign Entity as RFP Guarantor. The RFP Bidder must submit the RFP Guarantor’s most recent quarterly financial information, including a balance sheet, income statement, cash flow statement, and accompanying notes and schedules. If the SEC Form 10-Q is unavailable, the RFP Bidder must submit the RFP Guarantor’s most recently quarterly financial information accompanied by an attestation by the entity’s Chief Financial Officer (or similar position) that the information contained in the financial statements fairly presents in all material respects the financial condition and results of the operations of the RFP Guarantor. The requirements for this attestation are provided more specifically in Appendix 5 of the RFP Rules. If this attestation is not available, the RFP Bidder must state so in the Justification of Omissions.
12/21/2023 in Rules
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FAQ-48:
Is it acceptable to provide a link to the financial information for the entity upon whose financial standing the RFP Bidder is relying?
Quarterly financial information required in Section 2 of the online Part 1 Form must be submitted by upload to the online Part 1 Form or by email to the Independent Evaluator at PECOProcurement@nera.com. A link to the entity’s financial information on the entity’s website would not be acceptable.
12/21/2023 in Rules
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FAQ-47:
For an RFP Bidder relying on the financial standing of a Foreign Guarantor, when must the additional documents listed under Paragraph V.5.3 of the RFP Rules be submitted?
With the Part 2 Proposal, an RFP Bidder that relies on the financial standing of a Foreign Entity as RFP Guarantor, must provide fully executed versions of the additional documents listed under Paragraph V.5.3 of the RFP Rules for the Foreign Entity as RFP Guarantor to be granted unsecured credit and for the RFP Bidder to rely on the financial standing of the RFP Guarantor under the terms of the Uniform SMA.With the Part 1 Proposal, the RFP Bidder may, but is not required to, submit a draft of these documents. If an RFP Bidder submits a draft of the documents for evaluation, the Independent Evaluator will provide this evaluation to the RFP Bidder, including notice of any changes required to the documents, along with the Part 1 Notification. Any evaluation communicated to the RFP Bidder of such draft documents is final. The RFP Bidder cannot submit a subsequent request for changes on the basis of this evaluation.
Please see Paragraphs IV.5.3 and V.5.3 of the RFP Rules for additional requirements applicable to RFP Bidders with Foreign Guarantors. The RFP Rules are available on the Supplier Documents page of the RFP website.
12/21/2023 in Rules
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FAQ-46:
Should an RFP Bidder relying on the financial standing of a Foreign Entity as RFP Guarantor elect (b) in the Fifth Item of Section 1 for purposes of completing the online Part 1 Form?
An RFP Bidder relying on the financial standing of a Foreign Entity as RFP Guarantor should elect (b) in the Fifth Item of Section 1 in the online Part 1 Form to indicate the RFP Bidder is relying on the financial standing of an RFP Guarantor. Please complete items 1-3 with information regarding the Foreign Entity. If you need additional fields for completing the address for the Foreign Entity please use the space provided in Section 6. Justification of Omissions.
12/21/2023 in General , Rules
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FAQ-45:
If we use a digital signature to complete the Inserts, what additional document or information must be provided to verify the identity of the signatory? Can you provide an example?
The Independent Evaluator accepts digital signatures. The Inserts may be completed by digitally signing the Insert and providing along with the completed Insert an additional document or information that verifies the identity of the signatory. Additional documentation or information may include: (i) a certificate of completion if the signatory uses DocuSign; (ii) a Final Audit Report if the signatory uses Adobe Sign; (iii) evidence that the digital signature has been certified by the signatory using a document signing Certificate if the signatory uses a digital signature created in Adobe Acrobat; or (iv) other documentation or information produced by a commercially available software that can be used by the Independent Evaluator to verify the identity of the signatory. The Independent Evaluator has posted a Digital Signatures Instructions document to the Supplier Documents page of the RFP Website.Please note that for purposes of completing an applicable Insert, a “digital” signature is one that is created using commercially available software (such as DocuSign, Adobe Acrobat, or Adobe Sign), which generates an additional document or information that can be used by the Independent Evaluator to verify the identity of the signatory. A digital signature is different from an “electronic” signature, which is computer-generated but is not created using a software that generates additional documentation or information that can be used to verify the identity of the signatory. An example of an electronic signature is an image of a signature.
12/21/2023 in Rules
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FAQ-44:
Is a sample of the legal opinion of outside counsel required to qualify a Foreign Entity as RFP Guarantor available?
A sample of the legal opinion of outside counsel required to qualify a Foreign Entity as RFP Guarantor is available upon request.
12/21/2023 in General
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