PECO Procurement For Default Supply

FAQs

Credit

FAQ-62:
Please provide the bank information for Paragraph 7 of the pre-bid letter of credit.

The bank information for Paragraph 7 of the pre-bid letter of credit is available to RFP Bidders with a complete Part 1 Proposal.

02/25/2026 in Credit
FAQ-60:
Does the RFP Bidder have to be rated and have discrete financial information available in order to participate in the PECO RFP?

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. 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. A signatory of the Confidentiality Statement may only discuss confidential information with another signatory. The list of all signatories is available to an RFP Bidder upon request.

By signing the Confidentiality Statement, each individual in receipt of confidential information:
- represents that he or she acknowledges and understands the Confidentiality Provisions of the RFP Rules;
- consistent with those rules, agrees to take all reasonable precautions to ensure that all data and information supplied by all RFP Bidders are maintained in confidence and not disclosed to individuals other than those that have signed this Confidentiality Statement; and
- undertakes to consult the list of signatories before communicating RFP information to another person.
In practice, for purposes of evaluating the creditworthiness of the RFP Bidder, the Independent Evaluator will provide a summary of the financial information to PECO for the Entity upon whose financial standing the RFP Bidder is relying. This includes the credit ratings provided by the RFP Bidder in the online Part 1 Form and the backup financial documentation necessary to verify the calculation of the Entity’s Tangible Net Worth. Financial information is transmitted to select representatives at PECO, who have signed the Confidentiality Statement via a secure file transfer system maintained by the Independent Evaluator. Attachments sent via the Independent Evaluator’s secure file transfer system expire after 30 calendar days and cannot be accessed after such time. Information uploaded to the online Part 1 Form is deleted from the application website at the conclusion of the solicitation.

The RFP Rules, Uniform SMA and Appendix 12 are available on the Documents page of the RFP website.

02/23/2026 in Credit
FAQ-54:
Is a W-9 available for PECO Energy Company?

A W-9 is available to an RFP Bidder that has submitted a complete Part 1 Proposal and can be sent upon request at that time.

02/11/2026 in Credit
FAQ-43:
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.

12/15/2025 in Credit
FAQ-41:
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.

12/15/2025 in Credit
FAQ-40:
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.

12/15/2025 in Credit
FAQ-38:
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.

12/15/2025 in Credit
FAQ-8:
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.

12/15/2025 in Credit