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| General |
| 1. |
Q. |
Where can I obtain wire transfer instructions for the bid assurance collateral? |
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A. |
Wire transfer information will be provided only to qualified bidders. Bidders will be notified of their qualification status on Qualified Bidders Notified date, and wire transfer instructions will be provided to you shortly thereafter. |
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| 2. |
Q. |
Is a certified check an acceptable form of Bid Assurance Collateral? |
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A. |
No. The process requires RFP bidders to provide cash collateral by wire transfer. Wire transfer instructions for RFP Bidders who intend to provide Bid Assurance Collateral in the form of cash is available upon request from the RFP Manager. |
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| 3. |
Q. |
The Bid Assurance and Performance Assurance letters of credit use Pennsylvania state law, however our issuing bank has requested using New York state law. Is this change acceptable? |
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A. |
Please note sections 4.8.2 and 4.9.1 of the RFP Rules provide for a process by which bidders can propose modifications to the Bid Assurance and Performance Assurance Letters of Credit. Please refer to the list of acceptable modifications to these credit instruments posted on the Supplier Documents page of the RFP Web site. These documents will be updated no later than seven business days prior to the Bid Proposal Due Date. |
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| 4. |
Q. |
When will the acceptable modifications to the Bid Assurance and Performance Assurance Letters of Credit be posted to the RFP web site? |
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A. |
A list of all acceptable modifications to the Bid Assurance LOC will be posted to PPL Electric's RFP Web site no later than seven (7) business days before the Bid Proposal Due Date. |
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| 5. |
Q. |
Please provide the beneficiary’s full contact information for the Bid Assurance Letter of Credit. |
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A. |
The contact information for the beneficiary is as follows:
Company Name: PPL Electric Utilities Corporation
Full Address: Two North Ninth Street, Allentown, PA 18101
Contact Name: Douglas R. Stinner
Telephone Number: 610-774-5568
Fax Number: 610-774-5694 |
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| 6. |
Q. |
How will we receive a response to our proposed modifications to the guaranty? |
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A. |
The response to each party’s comments is communicated to the point of contact no later than 48 hours before the Cure Deficiency Deadline. The final form of the standard guaranty is as appended to the SMA. A list of all acceptable modifications to the standard guaranty will be posted to PPL Electric’s RFP Web site no later than seven (7) business days before the Bid Proposal Due Date. |
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| 7. |
Q. |
If Bid Assurance Collateral is provided in cash, will this cash be held in an account segregated for the purposes of holding collateral for this solicitation only? |
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A. |
Any cash posted is deposited in a repurchase account at a Qualified Institution and is not commingled with any other funds. Also, please note that the RFP Bidder will not receive interest on cash submitted as Bid Assurance Collateral. |
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| 8. |
Q. |
Please confirm that we do not need to submit comments that have already been addressed in the Acceptable/Unacceptable modifications to the credit instruments for this upcoming solicitation. |
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A. |
The credit instruments that were standard in the previous solicitation have not changed for this solicitation. The list of acceptable proposed modifications to the credit instruments will be updated no later than seven business days prior to the Bid Proposal Due Date. Modifications approved for use in the previous solicitation will be approved for use in this solicitation. |
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| 9. |
Q. |
Will the bid assurance collateral be returned to the bidder or is this a fee for participating in the RFP? |
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A. |
Bid assurance collateral is not a fee for participating in the RFP. PPL Electric will hold the bid assurance collateral until either the RFP Bidder is notified by PPL Electric that it has not been awarded bids for a solicitation or until the RFP Bidder executes the Transaction Confirmation forms upon the Commission accepting its bids. Upon either of the above conditions, bid assurance collateral in the form of cash will be returned within one (1) business day, and bid assurance collateral in the form of a letter of credit will be returned within two (2) business days. |
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| Block |
| 1. |
Q. |
What is the required amount of Bid Assurance Collateral in the Block Supply RFP? |
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A. |
For the Block Supply RFP, each RFP Bidder must provide liquid Bid Assurance Collateral in an amount of $500,000 per tranche bid. A tranche in the Block Supply RFP is defined to a 25 MW block of around-the-clock electricity. |
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| Load Following Full Requirements |
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No questions submitted for this category at this time. |
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| AEC |
| 1. |
Q. |
Can the Bid Assurance Collateral for the AEC RFP be equal to the lesser of the total contract value of the submitted bid or $25,000? |
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A. |
No. As stated in section 4.7.1. of the AEC RFP Rules, bid assurance collateral must be in the amount of $25,000 per product for which the bidder is submitting a bid. For example, if a bidder is submitting a bid for all three products (i.e., Tier I (non-solar), Tier I (solar) and Tier II), the bidder must provide bid assurance collateral in an amount of $75,000. |