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• FAQ-60:
  Where can I read about timing for switching for Default Service customers?
  
  As stated in paragraph I.1.7. of the RFP Rules, “A Default Service customer may choose to begin receiving service from an EGS on the customer’s meter reading date in accordance with the Company’s standard switching requirements as described in the Company’s Electric Generation Supplier Coordination Tariff including, without limitation, prior advance notice to the Company.” The Company’s Electric Generation Supplier Coordination Tariff is available here: https://www.peco.com/my-account/my-dashboard/rates-tariffs/electric-service/current-electric.
  
  12/18/2024 in Contract
  
  
• FAQ-59:
  When will the Independent Evaluator notify RFP Bidders of lowest-priced 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 lowest-priced Bids. The Independent Evaluator also provides a notification to the RFP Bidder by email.
  
  12/16/2024 in Rules
  
  
• FAQ-58:
  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.
  
  12/16/2024 in Credit
  
  
• FAQ-57:
  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.
  
  12/16/2024 in Rules
  
  
• FAQ-56:
  Can you please provide a physical address for PECO for the purposes of issuing the pre-bid letter of credit?
  
  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. Please see the acceptable modification to the header to include PECO’s address in the list of acceptable modifications to the Pre-Bid Letter of Credit posted on the Supplier Documents page. 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.
  
  12/16/2024 in Credit
  
  
• FAQ-55:
  We do not have an RFP Guarantor that meets the creditworthiness requirements under the Uniform SMA. Does this mean that we cannot participate in the RFP?
  
  An unrated entity or an entity with a credit rating below BBB- for S&P and/or Fitch or below Baa3 from Moody’s would not be granted any Unsecured Credit and cannot serve as an RFP Guarantor under the terms of the Uniform SMA (see Appendix A). It is not a requirement for an RFP Bidder to be rated or to rely on the financial standing of a Guarantor that meets the creditworthiness requirements in order to participate in the PECO RFP. In this case, the RFP Bidder would not be granted any Unsecured Credit and must post any required performance assurance collateral in the form of cash or a letter of credit.
  
  12/16/2024 in Credit
  
  
• FAQ-54:
  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.
  
  12/16/2024 in Rules
  
  

• FAQ-53:
  Is it acceptable to rely on the financial standing of a Foreign Guarantor?
  
  Yes, RFP Bidders may rely on the financial standing of a Foreign Guarantor. Please see Paragraphs IV.5. and V.5. 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.
  
  12/16/2024 in Credit
  
  
• FAQ-52:
  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.
  
  12/16/2024 in Rules
  
  

• FAQ-51:
  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.
  
  12/16/2024 in Rules
  
  
• FAQ-50:
  Who can sign the Inserts required for the Part 1 and Part 2 Proposals?
  
  Please see Paragraph III.1.13 of the RFP Rules. For a given solicitation, all representations and certifications required by the RFP, including those required for the Part 1 Proposal and Part 2 Proposal, must be made by a single individual who serves as Officer of the RFP Bidder. An Officer of the RFP Bidder is an individual authorized to undertake contracts (including the Uniform SMA) and bind the RFP Bidder.
  
  12/16/2024 in Rules
  
  
• FAQ-49:
  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.
  
  12/16/2024 in Rules
  
  

• FAQ-48:
  The hourly load data file posted in the data room for the small commercial group is missing data from 2/1/2024 through 5/31/2024 for the AL rate class. Can PECO post this missing data?
  
  Hourly load data for the AL rate class is not currently available due to an internal system issue that is specific to this rate class. PECO is investigating this issue. There is currently one customer on the AL rate class, and that customer is not a default service customer.
  
  12/16/2024 in Data
  
  
• FAQ-47:
  In the hourly load data file, for the CCI-GS rate schedule, the Default Energy (MWh) is negative for hours 10-13 on 10/27/2017. Also, for those same hours, in the Unaccounted For Energy (UFE) file, the Total Zone UFE (MW) is positive. Please confirm that the data is correct.
  
  The values provided for the Default Energy (MWh) for the CCI-GS rate schedule and the Total Zone UFE in hours 10-13 on 10/27/2017 should be disregarded due to metering error.
  
  12/16/2024 in Data
  
  
• FAQ-46:
  In the hourly load data file, for the CCI-HT rate schedule, the Default Energy (MWh) values from 3/1/2024 to 3/5/2024 are negative. Can you please confirm whether the data is correct?
  
  The values from 3/1/2024 to 3/5/2024 in the file “PECO_CCI_Hourly_Load.xlsx” on tabs ‘CCI Total Hourly Load’ and ‘CCI-HT Hourly Load’ should be disregarded due to an error in the data.
  
  12/16/2024 in Data
  
  
• FAQ-45:
  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.
  
  12/16/2024 in Data
  
  
• FAQ-44:
  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.
  
  12/16/2024 in Data
  
  
• FAQ-43:
  What is PECO’s two-step process to settle the hourly load obligations with each LSE and PJM?
  
  PECO settles hourly load obligations with each LSE and PJM via a two-step process:
  • Settlement A – PECO determines the estimated “day after” (delivery day) hourly load responsibility by recreating the load characteristics of the delivery day in question using a combination of available known, preliminary, and historically-based information. PECO then submits the load responsibility for all LSEs serving load on the settled day(s) to PJM in accordance with PJM procedural requirements and energy market schedules.
  • Settlement B – PECO determines the final hourly load responsibility approximately 60 days after an energy delivery month by reconciling actual individual customer meter readings and applicable load profile data with the Settlement A data for that month. PECO then calculates and submits the energy variances from Settlement A hourly scheduling for all LSEs to PJM in accordance with PJM procedural requirements and energy market schedules.

  PECO provides an overview of the determination of hourly load obligations on their website here: https://electricandgaschoice.force.com/s/article/Determination-of-Hourly-Load-Obligations-Overview
  
  12/16/2024 in Data
  
  

• FAQ-42:
  What data is available related to the NYPA agreement?
  
  PECO receives an annual allocation of capacity and associated energy from the New York Power Authority and uses this allocation to offset the amount of supply needed for the Residential Class. As confirmed in FAQ-15, “Default Load for the Residential Class is reduced by a fractional percentage of committed energy and capacity obtained under contract with Allegheny Electric Cooperative, Inc. for supply from the New York Power Authority (“NYPA”). Default Suppliers are not responsible for providing any of the services or products included in full requirements service for NYPA supply.”

  The annual allocation from NYPA is dependent on the number of residential customers PECO serves. PECO’s allocation for energy year 2024/25 is 5.848 MW. There is no other historical data available for the NYPA agreement on the RFP website.

  Please see FAQ-37 for how data in the Data Room is handled in regard to NYPA.
  
  12/16/2024 in Data
  
  

• FAQ-41:
  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”.
  
  12/16/2024 in Data
  
  
• FAQ-40:
  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.
  
  12/16/2024 in Data
  
  
• FAQ-39:
  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.
  
  12/16/2024 in Data
  
  

• FAQ-38:
  Are the Hourly PJM Deration Factors for the PECO Zone provided in Eastern Standard Time or Eastern Prevailing Time?
  
  Hourly reports align with Eastern Prevailing Time. For instance, Hour 1 pertains to the hour between 12:00 a.m. EPT and 1:00 a.m. EPT. Daylight Savings Time (DST) is treated as follows:
  • Hourly reports spanning the Fall DST period contain 25 consecutive hours.
  • Hourly reports spanning the Spring DST period contain 23 consecutive hours.

  For more information please see the Data Description document posted to the Data Room.
  
  12/16/2024 in Data
  
  

• FAQ-37:
  Can you confirm that the hourly load data, and daily PLC and NSPL data in the Data Room has not already been adjusted for the NYPA allocation?
  
  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. Hourly load data for the Residential Class, which is broken down by load related to PECO’s default service customers (“Default Energy”) and load related to customers who have elected to be supplied by an Electric Generation Supplier (“EGS Energy”), is handled differently. In regard to the hourly load data for the Residential class, PECO subtracts the NYPA allocation from the Default Energy (MWh) column and adds a corresponding amount to the EGS Energy (MWh) column. For more information see the data description document posted to the Monthly data page in the Data Room.
  
  12/16/2024 in Data
  
  
• FAQ-36:
  Does the hourly load data provided in the Data Room include transmission and distribution loss factors?
  
  The hourly load data provided in the Data Room includes both applicable distribution and transmission losses. These hourly load values will be de-rated by PJM for marginal losses prior to energy settlement. PECO provides hourly marginal loss deration factors in the Data Room. Please see Section 3.a.iii. Assumptions on page 10 of the data description document for assumptions and additional information related to the hourly energy data provided.
  
  12/16/2024 in Data
  
  
• FAQ-35:
  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.
  
  12/16/2024 in General , Rates
  
  
• FAQ-34:
  Where can I find a comprehensive list of historical default service rates for each customer class?
  
  PECO posts a Default Service rate calculation model that translates the prices determined through this RFP into Default Service rates or “Price to Compare” ("PTC") by customer class since 2022. These PTCs are available on the Company website here below the heading 'PTC Archive': https://www.peco.com/MyAccount/MyService/Pages/ElectricPricetoCompare.aspx.
  
  12/16/2024 in Rates
  
  
• FAQ-33:
  Is Buyer or Seller the responsible party for Network Integration Transmission Service (ID #1100)?
  
  PECO is the responsible party for Network Integration Transmission Service charges (ID #1100). Appendix D to the Uniform SMA provides the PJM Billing Statement line items, including transmission charges, and the responsible party (Buyer or Seller) for each item.
  
  12/16/2024 in Contract
  
  
• FAQ-32:
  What is the settlement volume for which Default Suppliers are paid?
  
  Default Suppliers are responsible for and are paid based on a percentage of the Default Load for a Class. The applicable settlement volume includes distribution losses, transmission losses, unaccounted for energy (as reflected in PJM settlement volumes), and adjustments required by PJM for PJM’s derating in conjunction with implementation of marginal losses as appropriate per PJM Agreements. The hourly load data provided in the Data Room includes both applicable distribution and transmission losses, and has not been de-rated. PJM hourly de-ration factors and the hourly UFE values are available separately on the Data Room page on the RFP website. Please also see the Data Description Document, for information regarding how PECO allocates Unaccounted For Energy (“UFE”) to all Load Serving Entities (“LSEs”) in PECO’s zone.
  
  12/16/2024 in Contract
  
  
• FAQ-31:
  Will DS Suppliers be responsible for Transmission Enhancement charges?
  
  PECO is the responsible party for Transmission Enhancement charges (ID #1108). Appendix D to the Uniform SMA provides the PJM Billing Statement line items, including transmission charges, and the responsible party (Buyer or Seller) for each item.
  
  12/16/2024 in Rules
  
  
• FAQ-30:
  Are Default Suppliers responsible for the Pennsylvania electric gross receipts tax (EGRT)?
  
  Section 16.9 of the Uniform SMA states “the DS Supplier is responsible for the payment of all taxes imposed by all present and future federal, state, municipal or other taxes imposed by any taxing authority on the wholesale sales of DS Supply under this Agreement”.

  The Pennsylvania electric gross receipts tax (EGRT) is imposed upon receipts from sales of electric energy. The EGRT provides an exemption from taxable gross receipts for sales for resale to persons, partnerships, associations, corporations and political subdivisions subject to the EGRT upon gross receipts derived from such resale of electric energy services. The Pennsylvania Department of Revenue will issue annual Gross Receipts Tax Electric Reseller Acknowledgment forms to resellers that report taxable sales and valid sales for resale to confirm they are subject to gross receipts tax (GRT) and reporting GRT as required by law. Suppliers that want to claim a GRT sale for resale exemption must obtain a copy of this form from the reseller. The resale exemption claimed is subject to review and verification by the Pennsylvania Department of Revenue.

  Default Suppliers that wish to claim a GRT sale for resale exemption may request a copy of the annual Gross Receipts Tax Electric Reseller Acknowledgment form from PECO directly.

  Additional terms related to taxes are provided in Section 16.9 of the Uniform SMA. It is the responsibility of each bidder to review the terms. Each bidder accepts these terms as a condition of its participation in the PECO RFP.
  
  12/16/2024 in Contract , General
  
  

• FAQ-29:
  Are Default Suppliers responsible for providing any of the services or products included in full requirements service for the fractional percentage of committed energy and capacity obtained under contract with Allegheny Electric Cooperative, Inc. for supply from the New York Power Authority (“NYPA”)?
  
  No. Default Load for the Residential Class is reduced by a fractional percentage of committed energy and capacity obtained under contract with Allegheny Electric Cooperative, Inc. for supply from the New York Power Authority (“NYPA”). Default Suppliers are not responsible for providing any of the services or products included in full requirements service for NYPA supply.
  
  12/16/2024 in Contract
  
  
• FAQ-28:
  In Exhibit 1, Transaction Confirmation, included in Appendix C of the Uniform SMA, there are blanks to provide the average costs for the Alternative Energy Credits (AECs). Will PECO provide these numbers to a winning bidder or are these numbers to be provided by the Seller?
  
  Default Suppliers are responsible for providing the AECs necessary for PECO to meet its obligations under the Alternative Energy Portfolio Standard (“AEPS”) Act during the term of the Uniform SMA. The obligations of Default Suppliers in this regard are reduced by the AECs procured separately by PECO. The blanks in the Transaction Confirmation are for the Default Supplier to provide a price for each type of AEC (Tier I, Tier I Solar, and Tier II) that is included in the RFP Bidder’s lowest-priced Bids. As specified in the RFP Rules (see Paragraph V.1.2), each such price must be greater than $0/AEC. The RFP Bidder will be required to certify in its Part 2 Proposal that it will comply with this obligation.
  
  12/16/2024 in Contract
  
  
• FAQ-27:
  If the State of Pennsylvania increases the AEPS obligation, is the Default Supplier responsible for the incremental cost?
  
  Yes. Please see Appendix E of the Pennsylvania Default Service Supplier Master Agreement (“Uniform SMA”) which states, “If AEPS requirements change by law or any other reason, DS Supplier shall be responsible for providing the credits at its expense in order to comply with its obligations under Full Requirements Service.”
  
  12/16/2024 in Contract
  
  
• FAQ-26:
  On what volumes are the percentages listed for Alternative Energy Portfolio Standards (“AEPS”) compliance based?
  
  AEPS quantities are based on electric energy sold by an Electric Distribution Company (EDC) or Electric Generation Supplier (EGS) to retail electric customers. AEPS obligations are calculated based on the retail load, which is delivered energy at the retail meter and does not include marginal losses.
  
  12/16/2024 in General
  
  
• FAQ-25:
  On November 23, 2020, Act 114 of 2020 was signed into law. Are Default Suppliers responsible for providing alternative energy credits that are compliant with Act 114?
  
  Yes, Default Suppliers are responsible for providing the alternative energy credits necessary for PECO to meet its obligations under the Alternative Energy Portfolio Standard (“AEPS”) Act during the term of the Uniform SMA.
  
  12/16/2024 in Rules
  
  
• FAQ-24:
  Are Default Suppliers responsible for the AEPS Quarterly Adjustments?
  
  As fully described in Appendix E to the Uniform SMA, PECO provides Default Suppliers with an estimate of AEPS obligations following the second quarter of the AEPS reporting period with a final statement within thirty (30) calendar days of the end of the AEPS reporting period. Data on AEPS Quarterly Adjustments is available on the Pennsylvania Alternative Energy Credit Program website here: http://www.pennaeps.com/electricity-suppliers/.
  
  12/16/2024 in Data
  
  
• FAQ-23:
  Does PECO have an example of a completed Form of PJM Declaration of Authority (Appendix C, Exhibit 3 to the Uniform SMA)?
  
  PECO does not have an example of a completed Form of PJM Declaration of Authority (Appendix C, Exhibit 3 to the Uniform SMA). Please direct all questions regarding completing the PJM Declaration of Authority to PJM.
  
  12/16/2024 in Contract
  
  
• FAQ-22:
  Is it required for the RFP Bidder to be registered to do business in the state of Pennsylvania?
  
  No, it is not a requirement under the Uniform SMA for suppliers to be registered to do business in the state of Pennsylvania. Please see Section 3.1 of the Pennsylvania Default Service Supplier Master Agreement (“Uniform SMA”) which states, the DS Supplier “is a corporation, partnership, limited liability company or other legal entity, duly organized, validly existing and in good standing under the laws of the Commonwealth of Pennsylvania or, if another jurisdiction, under the laws of such jurisdiction and, in such case, is duly registered and authorized to do business in such other jurisdiction.”
  
  12/16/2024 in Contract , General
  
  
• FAQ-21:
  Is there a credit-based tranche cap in the PECO RFP?
  
  No, there is no cap on the number of tranches for which an RFP Bidder can bid on based on the credit assessment for the entity on which that RFP Bidder is relying. There are, however, load caps for the Residential and Small Commercial Classes that are set so that the Default Service customers of these Classes have no more than a 50% exposure to any one Default Supplier at any given time. There is a load cap for the Consolidated Large Commercial and Industrial Class that is set so that the Default Service customers of that Class have no more than a 75% exposure to any one Default Supplier at any given time.
  
  12/16/2024 in Credit , Rules
  
  
• FAQ-20:
  Is there a cap on the number of tranches that an RFP Bidder can potentially bid?
  
  Yes, an RFP Bidder may have a Load Cap. The Independent Evaluator prepares a Bid Form for each RFP Bidder qualified pursuant to a successful Part 1 Proposal. If the RFP Bidder cannot bid on all tranches available of a product because of the Load Cap for the Class to which such product belongs and because of tranches previously won by the RFP Bidder, the Bid Form reflects that fact. Generally speaking, each Class has “Load Caps”, which are limits on the number of tranches of Default Supply that an RFP Bidder can bid and serve for that Class. The Load Caps ensure that there will be a diversified pool of Default Suppliers for each Class. The Load Caps for the Residential and Small Commercial Classes are set so that the Default Service customers of that Class have no more than a 50% exposure to any one Default Supplier at any given time. The Load Cap for the Consolidated Large Commercial and Industrial Class is set so that the Default Service customers of that Class have no more than a 75% exposure to any one Default Supplier at any given time. If two or more Default Suppliers are affiliated, the Load Caps will apply jointly to such group of Default Suppliers.
  
  12/16/2024 in Rules
  
  
• FAQ-19:
  Are the names of winning RFP Bidders publicly available?
  
  No, the names of winning RFP Bidders are not publicly available.
  
  12/16/2024 in Rules
  
  
• FAQ-18:
  When are the solicitation results announced?
  
  Within fifteen (15) days of the close of the solicitation, the Independent Evaluator releases the weighted average price as well as the percentage of load represented by each tranche for each product procured in that solicitation. When the results become available, the Independent Evaluator will make an announcement, and you will be able to access the results here: Background/Previous Results.
  
  12/16/2024 in Rules
  
  
• FAQ-17:
  When completing the Bid Form, if we do not want to submit a Bid for a tranche, do we leave the space provided blank or enter $0?
  
  When completing your Bid Form, Bids should be entered from top to bottom in Section 2 in the “Bids” tab of the Bid Form. Tranches for which no Bid is provided must be left blank. Please note that each price on the Bid Form is for a single tranche. A “Bid” is a price in $/MWh for one tranche of a given product.
  
  12/16/2024 in Rules
  
  
• FAQ-16:
  Is a price on the Bid Form a price for a single tranche? Or does the price associated with the second tranche represent a price offered for two tranches?
  
  Each price on the Bid Form is for a single tranche. A “Bid” is a price in $/MWh for one tranche of a given product.
  
  12/16/2024 in Rules
  
  
• FAQ-15:
  What is the price paid to the Default Supplier for a product in which the Default Supplier wins several tranches?
  
  Paragraph I.4.7 of the RFP Rules states, “A Default Supplier for a product will be paid a supplier-specific price for each MWh of electric load served as specified in the Transaction Confirmation for that product. The supplier-specific price for a Default Supplier for a product will be the average of approved Bids for that Default Supplier and for that product.”
  
  12/16/2024 in Rules
  
  
• FAQ-14:
   Are bidders allowed to make modifications to the Pre-Bid Letter of Credit?
  
  An RFP Bidder must submit a Pre-Bid Letter of Credit in the form of the Standard Pre-Bid Letter of Credit provided as Appendix 9 to these RFP Rules or must incorporate only modifications that have been approved by PECO and provided to RFP Bidders by the Independent Evaluator.

  As part of the Part 1 Proposal, an RFP Bidder may request modifications to the Standard Pre-Bid Letter of Credit, posted as Appendix 9 to the RFP Rules, that are non-material in nature, or that are advantageous to both PECO and the RFP Bidder. An RFP Bidder requests modifications to the Standard Pre-Bid Letter of Credit by submitting a Draft Pre-Bid Letter of Credit substantially in the form of the Standard Pre-Bid Letter of Credit indicating clearly any and all modifications to the Standard Pre-Bid Letter of Credit. The Draft Pre-Bid Letter of Credit must be submitted in Microsoft Word with tracked changes by upload to the online Part 1 Form or by email at PECOProcurement@nera.com. A Draft Pre-Bid Letter of Credit that is not substantially in the form of the Standard Pre-Bid Letter of Credit will not be considered or evaluated. The Standard Pre-Bid Letter of Credit and the preliminary list of acceptable modifications to the Pre-Bid Letter of Credit will be posted alongside the other RFP documents in mid-December 2024.
  
  12/06/2024 in Rules
  
  

• FAQ-13:
   When is the deadline to request consideration of an alternate form of guaranty?
  
  The Alternate Guaranty Process allows a prospective supplier unable to use the standard format of the guaranty provided as Appendix G to the PECO Energy Company Pennsylvania Default Service Supplier Master Agreement (“Uniform SMA”) to submit for consideration by PECO Energy Company (“PECO”) an alternate guaranty form that the prospective supplier uses in its normal course of business. A prospective supplier wishing to have PECO evaluate an alternate guaranty form must initiate the process by making a request for such consideration to the Independent Evaluator no later than Tuesday, January 28, 2025. Within three (3) business days of receipt of such a request or of the issuance of the RFP Documents for the upcoming solicitation, whichever is later, the Independent Evaluator will issue a timetable for receipt of the materials from the prospective supplier and for consideration of these materials by PECO. Specific requirements for the Alternate Guaranty Process will be posted as Appendix 2 to the RFP Rules alongside the other RFP documents in mid-December 2024. 
  
  12/06/2024 in Rules
  
  
• FAQ-12:
   Is a new Transaction Confirmation executed if the on-peak and off-peak estimated quantities per MW-Measure (MWh) change?
  
  PECO and a winning RFP Bidder will execute a single Transaction Confirmation for each product for which such RFP Bidder has Bids that are approved by the Commission within three business days of the Bid Date. This Transaction Confirmation will include an on-peak and off-peak estimated quantity per MW-Measure (MWh). If the estimated quantities change, no new Transaction Confirmation will be signed.
  
  12/06/2024 in Contract
  
  
• FAQ-11:
   Does PECO’s invoice to the Default Supplier itemize by PJM Billing Line Items? 
  
  PECO’s invoice to the Default Supplier does not itemize by PJM Billing Line Items. For itemization by PJM Billing Line Items, the Default Supplier can refer to their PJM invoice. 
  
  12/06/2024 in Contract
  
  
• FAQ-10:
   Is a sample invoice available? 
  
   A sample invoice is not available. 
  
  12/06/2024 in Contract
  
  
• FAQ-9:
   Once the contract is created in PJM InSchedule, will PECO initiate the Billing Line Items Transfer?
  
  Yes. Once both parties confirm a contract in InSchedule, PECO will enter the Billing Line Items. PECO will then notify the Default Supplier to review and confirm. Once the Default Supplier confirms and the contract start date initiates, the Default Supplier will see the charges and credits on their PJM invoice.
  
  12/06/2024 in Contract
  
  
• FAQ-8:
   Does PECO provide Default Suppliers with a daily exposure calculation? 
  
  PECO does not provide Default Suppliers with a daily exposure calculation. A Default Supplier will be provided the Total Exposure Amount when a margin call request is made. As detailed in Section 6.5 of the Uniform SMA, “If at any time and from time to time during the term of Transaction(s) under this Agreement, the Total Exposure Amount, rounded by the Rounding Amount, exceeds the DS Supplier’s or the Guarantor’s credit limit by the Minimum Transfer Amount, then the Company on any Business Day, may request that the DS Supplier provide cash or a letter of credit in an acceptable form as defined in Section 6.7(b) of this Agreement (see standard format in Appendix F), in an amount equal to the Margin (less any performance assurance collateral for Margin posted by the DS Supplier and held by the Company pursuant to this Agreement or any other agreement(s) between the Company and the DS Supplier for the provision of DS Supply).” 
  
  12/06/2024 in Contract , Credit
  
  
• FAQ-7:
   Is there a sample available of the enforceability opinion of outside counsel that is required under the Alternate Guaranty Process?
  
   A sample enforceability opinion of outside counsel is available upon request.
  
  12/06/2024 in Contract
  
  
• FAQ-6:
   Is there a sample available of the certification from the Guarantor that is required under the Alternate Guaranty Process?
  
   There is no sample of this certification available.
  
  12/06/2024 in Contract
  
  
• FAQ-5:
  Can the RFP Bidder rely on its own financial standing instead of relying on the financial standing of a Guarantor? What financial documentation is required for the RFP Bidder and will the Independent Evaluator and PECO sign a confidentiality agreement?
  
  Please note that it is not a requirement of the PECO RFP for an RFP Bidder to rely on the financial standing of a Guarantor even in the case that the RFP Bidder is unrated or does not have discrete financial information available. If the RFP Bidder is unrated or does not have discrete financial information available, the RFP Bidder will not be granted unsecured credit under the terms of the Uniform SMA and must post any required performance assurance collateral in the form of cash or a letter of credit.

  Section IV.2.3 of the RFP Rules details the requirements in the Part 1 Proposal for an RFP Bidder wishing to rely on their own financial standing to receive unsecured credit under the Uniform SMA. Specifically, this section states: “If available, the RFP Bidder must submit its most recent quarterly financial information, including a balance sheet, income statement, cash flow statement, and any accompanying notes and schedules. If available, the most recent Securities and Exchange Commission (“SEC”) Form 10-Q or 10-K (whichever is more recent) must be submitted to fulfill this requirement. If the SEC Form 10-Q/10-K is unavailable, the RFP Bidder must submit its most recent quarterly, monthly or bi-annual financial information accompanied by an attestation by the RFP Bidder’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 Bidder.”

  With regard to credit ratings, according to section IV.2.3 of the RFP Rules, “, an RFP Bidder must submit all available credit ratings for the RFP Bidder from the following rating agencies: S&P Global Ratings (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”), and Fitch Ratings (“Fitch”).”

  PECO will review the financial qualifications of the RFP Bidder and the Independent Evaluator will provide to the RFP Bidder the amount of unsecured credit granted to the RFP Bidder with the Part 1 Notification. The Independent Evaluator will review and confirm PECO’s determination. Please see the Credit Rating Table in Appendix A to the Uniform SMA for information used to determine how much unsecured credit may be granted based on the RFP Bidder’s Tangible Net Worth and credit ratings.

  Please note, the Independent Evaluator and representatives from PECO involved in the evaluation of Proposals will consider all data and information provided by RFP Bidders in response to this RFP to be confidential and will attempt to limit its disclosure to the public in accordance with the provisions of the RFP Rules. PECO will also take reasonable action to ensure that its employees, representatives and agents authorized to consider and evaluate all Proposals protect the confidentiality of such data and information. Each representative of the Independent Evaluator and PECO that has access to any portion of the Proposals is required to sign a Confidentiality Statement in the form of Appendix 12 to the RFP Rules prior to evaluation of any portion of the Proposals. The list of all signatories is available to an RFP Bidder upon request.

  The RFP Rules, Uniform SMA and Appendix 12 will be available on RFP website in mid-December 2024.
  
  12/06/2024 in Rules
  
  

• FAQ-4:
   Where can I get more information regarding using the secure file transfer system? 
  
  RFP Bidders with a successful Part 1 Proposal will be provided more details relating to the bid submission process in a guide with their Part 1 Notification. This guide will include instructions and screenshots for the submission of the completed Bid Form from the RFP Bidder to the Independent Evaluator by the secure file transfer system. Additionally, the Independent Evaluator will hold a bid submission training session approximately one week prior to the bid date. RFP Bidders will have the opportunity to test the secure file transfer system at that time. 

  In case of technical difficulties while using the secure file transfer system, the Independent Evaluator will instruct the RFP Bidder to email the Bid Form to the Independent Evaluator. We recommend that the Bid Form in this case be encrypted as email transmission may not be secure.
  
  12/06/2024 in General
  
  

• FAQ-3:
  Where can I find information about PECO’s Solar RFP for PPA(s) with solar project(s) for up to 25 MW (DC)?
  
  As approved by the PaPUC in the Opinion and Order dated November 7, 2024 in docket P-2024-3046008, PECO will procure, through ten-year, fixed-price power purchase agreements (“Solar PPA’s”), the energy, capacity, and solar photovoltaic alternative energy credits (“AECs”) generated by one or more new Pennsylvania solar photovoltaic projects with total capacity of up to 25 MW (DC) to meet the default service requirements of residential customers. As stated in Paragraph 22, “PECO will issue a request for proposals by the second quarter of 2025 in order to conduct the procurement in the third quarter of 2025.” Thus, more information will be available once the request for proposals has been issued by the second quarter of 2025. 
  
  11/19/2024 in General
  
  
• FAQ-2:
  The hourly load data file posted in the data room for the small commercial group is missing data from 2/1/2024 through 5/31/2024 for the AL rate class. Can PECO post this missing data?
  
  Hourly load data for the AL rate class is not currently available due to an internal system issue that is specific to this rate class and will not be available prior to the Bid Date for the September 2024 Solicitation. PECO is investigating this issue. There is currently one customer on the AL rate class, and that customer is not a default service customer. 
  
  11/18/2024 in Data
  
  
• FAQ-1:
  When is the next solicitation expected to be held?
  
  Thank you for your interest in future PECO solicitations. The bid date for the next solicitation is tentatively scheduled to take place on Tuesday, March 11, 2025. Documentation relevant to the next solicitation typically becomes available several months prior to the applicable bid date. A webcast will be held for prospective suppliers prior to the opening of the application process. 
  
  11/14/2024 in General
  
  

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