FAQs
All FAQs
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FAQ-43:
Can I submit more than one Draft Pre-Bid Letter of Credit for review in a solicitation?
An RFP Bidder can only submit one (1) Draft Pre-Bid Letter of Credit in a solicitation. For more information, please refer to Section VII.1.8. of the RFP Rules.
12/21/2023 in Credit
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FAQ-42:
Who can sign the Representative Insert (#P1-1)?
The Representative Insert (#P1-1) must be signed by the individual who serves as the Officer of the RFP Bidder. The Officer of the RFP Bidder is an individual authorized to undertake contracts (including the Uniform SMA) and bind that RFP Bidder.
12/21/2023 in Rules
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FAQ-41:
Can an RFP Bidder rely on the financial standing of an RFP Guarantor that does not file a SEC Form 10-Q/10-K? If so, what are the requirements?
In order to rely on the financial standing of an RFP Guarantor, discrete financial information must be available for the RFP Guarantor.An RFP Bidder must submit the RFP Guarantor’s most recent quarterly financial information, including a balance sheet, income statement, cash flow statement, and any accompanying notes and schedules. If the SEC Form 10-Q/10-K is unavailable, the RFP Bidder must submit the RFP Guarantor’s most recent quarterly, monthly, or bi-annual 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 entity. The requirements for this attestation are provided more specifically in Appendix 5 of the RFP Rules.
12/21/2023 in Rules
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FAQ-40:
Has PECO implemented a time-of-use (“TOU”) rate option for residential and small commercial customers?
PECO has implemented a TOU rate option for default service customers. Any residential customer who elects to go on TOU rate will be assigned to the residential default load. Any small commercial customer who opts to go on the TOU rate will be assigned to the small commercial default service load. See Tariff information for TOU rates for Procurement Class 1 (residential) and Procurement Class 2 (small commercial): https://www.peco.com/MyAccount/MyBillUsage/Pages/CurrentElectric.aspx
12/21/2023 in General , Rates
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FAQ-39:
Where can I find ICAP Weather Factors for each load profile?
ICAP Weather Factors are available in the Data Room - Additional Data section of the RFP website.
12/21/2023 in Data
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FAQ-38:
Can we submit cash or a surety bond instead of posting a Pre-Bid Letter of Credit with the Part 2 Proposal?
No, neither cash nor surety bonds are an acceptable form of pre-bid security. With the Part 2 Proposal, an RFP Bidder must provide an executed Pre-Bid Letter of Credit. An RFP Bidder must either use the Standard Pre-Bid Letter of Credit available on the RFP website, or a Pre-Bid Letter of Credit that incorporates only those modifications to the Standard Pre-Bid Letter of Credit that have been approved by PECO and posted to the RFP website.
12/21/2023 in Rules
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FAQ-37:
Can a Default Supplier that does not own generation or use their generation to serve Default Load provide generation by fuel source data from the State of the Market Report for PJM to complete Appendix H?
The inclusion of the new Appendix H in the SMA was approved by the PaPUC to enable PECO to provide better information in its annual report to the Commission on default service. Under the Commission’s regulations (52 Pa. Code section 54.39), PECO must report “the percentage of total electricity supplied by each energy source, including a detailed breakdown of renewable resources as defined in section 2803 of the code (relating to definitions).”PECO intends to aggregate supplier-provided information from Appendix H when compiling this data and will not attribute the generation delivered to any particular supplier or suppliers.
PECO is not being prescriptive on how to complete Appendix H. If a supplier cannot determine the actual generation resource mix delivered to PECO under the SMA in a calendar year and chooses to use the PJM system mix for the calendar year as a proxy for their generation sources, we request that be notated on Appendix H when the completed form is submitted to PECO so that we may footnote which of our reported data is based on the PJM average mix and which is not.
12/21/2023 in General
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FAQ-36:
Will the Independent Evaluator retain a Pre-Bid Letter of Credit between solicitations if requested by an RFP Bidder?
The Independent Evaluator will retain a Pre-Bid Letter of Credit between solicitations if requested by an RFP Bidder.
12/21/2023 in Credit
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FAQ-35:
What materials do I need to submit with my Part 2 Proposal if the officer who made the representations and certifications of the online Part 1 Form is unavailable to make the representations of the online Part 2 Form?
If the Officer of the RFP Bidder who made the representations and certifications of the online Part 1 Form is unavailable to make the representations of the online Part 2 Form, the RFP Bidder must re-submit the certifications of the Part 1 Form naming a new individual to serve as Officer of the RFP Bidder by the Part 2 Date, and that Officer of the RFP Bidder must make all representations and certifications required by the online Part 1 Form and the online Part 2 Form. To confirm the list of required inserts, please contact the Independent Evaluator at pecoprocurement@nera.com.
12/21/2023 in Rules
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FAQ-34:
What are the line loss factors for calculating retail load from wholesale load?
The loss percentages for each customer class are available in PECO’s Current Electric Generation Supplier Tariff (see 6.6 Line Losses on page 30) available here: Current Electric Rate Information | PECO - An Exelon Company.
12/21/2023 in Data
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