Announcements
ARCHIVED AND NO LONGER RELEVANTJanuary 26, 2015: Optional Guaranty Process
All potential bidders that rely on the financial standing of a guarantor may use the Standard Guaranty appended to the PECO Energy Company Default Service Supply Master Agreement ("Uniform SMA").
The Guaranty Process is an opportunity for potential bidders to:
- Propose modifications to the Standard Guaranty that are non-material in nature or advantageous to both PECO and the potential bidder; or
- Submit an alternate guaranty form for consideration by PECO.
PECO continues to accept modifications approved under its previous Default Service Program ("DSP II"). A list of previously acceptable modifications is available on the website.
The deadline to propose modifications to the Standard Guaranty is 6PM EPT on Thursday, February 5, 2015. Potential bidders that choose to propose additional modifications to the Standard Guaranty must do so by submitting a Microsoft Word document using substantially the same form as the Standard Guaranty and indicating clearly any and all modifications. Materials must be submitted electronically by email to the Independent Evaluator at pecoprocurement@nera.com.
Additionally, PECO has specified a list of minimum requirements that any alternate guaranty form must satisfy, including the requirement that the alternate guaranty form must not be subject to a monetary limit. These requirements are listed in the Guaranty Process document posted to the Supplier Information - Documents page.
The deadline to submit an alternate guaranty form is 6PM EPT on Thursday, February 5, 2015. Potential bidders that choose to submit an alternate guaranty form must submit all required materials electronically by email to the Independent Evaluator at pecoprocurement@nera.com.