Announcements
ARCHIVED AND NO LONGER RELEVANTAugust 06, 2015: FINAL REMINDER: Deadline for Optional Guaranty Process is Today!
The deadline to propose modifications to the Standard Guaranty or to submit an alternate guaranty form is 6PM EPT today Thursday, August 6, 2015.
All potential bidders that rely on the financial standing of a guarantor may use the Standard Guaranty appended to the PECO Energy Company Pennsylvania Default Service Supplier 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.
Potential bidders that choose to propose 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. A list of previously acceptable modifications, as well as a document detailing the requirements of the Guaranty Process and listing the minimum requirements that any alternate guaranty form must satisfy, is available on the Supplier Information – Documents page of the website. Materials must be submitted electronically by email to the Independent Evaluator at pecoprocurement@nera.com.