PECO Procurement For Default Supply

FAQs

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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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