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Frequently Asked Questions - Qualifications
General, Block, Load Following Full Requirements, AEC
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| General |
| 1. |
Q. |
Can you provide more information regarding the rating requirement for an applicant to qualify for the RFPs? Are alternative collateral arrangements acceptable? |
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A. |
As stated in section 4.1.1 of the RFP Rules, “An applicant is qualified to bid in a given solicitation if, by the Cure Deficiency Deadline of that solicitation, it satisfactorily completes or updates the following: ... 3) demonstrates that its, or its guarantor's, unsecured senior long-term debt rating (or issuer rating, if the unsecured senior long-term debt rating is unavailable) is currently available from Standard & Poor's, Fitch Ratings or Moody's Investor Services.”
There are no provisions to accept alternative arrangements or ratings other than what is described above.
Please note that PPL Electric has filed a petition with the Pennsylvania Public Utility Commission (“PUC”) to eliminate the requirement that an applicant demonstrate that its, or its guarantor’s, debt rating be available from S&P, Fitch, or Moody’s for the Alternative Energy Credits (“AEC”) RFP. This petition is applicable only to the AEC RFP. PPL Electric has requested expedited treatment with regard to this petition so that this change may take effect in time for the upcoming AEC RFP bidder qualifications due date of January 5, 2010. The filing has been posted to the AEPS Supplier Documents page of the RFP Web site. |
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| 2. |
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If you are participating in the Full Requirements RFP, Block Supply RFP and the AEC RFP, are you required to provide three full sets of qualification documents or is one full set sufficient? |
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The three RFPs are separate but run concurrently. A supplier participating in more than one RFP is required to provide qualification materials for each RFP separately. The only exception to this is the Expression of Interest Form if it is completed online. As long as the check boxes for all the applicable RFPs have been elected, the bidder only need to fill this form out once, and it will be deemed acceptable for all the RFPs that have been elected on the web form. To access the expression of interest web form, please: click here.
A bidder qualifications checklist for each RFP is now available on the RFP Web site. The checklists are intended to aid in the submission of qualification materials and are not a required part of the bidder qualifications.
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| 3. |
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Apart from the expression of interest form, can other qualification materials be submitted electronically, including the financial statements? |
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No. Apart from the expression of interest, which can be submitted online, all other qualification materials must be submitted in hard copy to the RFP Office at: 1835 Market Street, Suite 1205, Philadelphia, PA 19103. |
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| 4. |
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I completed the online registration form yesterday on the RFP Web site. Does this meet the requirements for submission of the Expression of Interest form? |
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Yes, this electronic online submission of your expression of interest form is acceptable to the PPL Electric RFP Team. We may require additional information from you regarding this expression of interest when we receive the rest of your qualification materials. For example, the name of the entity provided in your expression of interest may not exactly match the legal name of the bidder provided in the rest of the qualification materials. If that is the case, the RFP Team will contact you no later than forty-eight hours prior to the Cured Deficiency Deadline. |
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| 5. |
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Is it possible to execute the confidentiality agreement prior to providing financial information and other documents associated with Bidder Qualifications? Our legal counsel will not authorize the provision of such information without a confidentiality agreement in place. |
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The RFP Process did not envision submissions of the confidentiality agreement and other qualification materials at different times. However, if a bidder provides the confidentiality agreement, three business days prior to the Bidder Qualifications Due Date, the RFP Manager will, on a best-efforts basis, request that PPL Electric countersign the confidentiality agreement and provide you a faxed copy prior to the Bidder Qualifications Due Date. All qualification materials are due to the RFP Manager by the Bidder Qualifications Due Date. |
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| 6. |
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Is a bidder that has previously qualified in a solicitation of PPL Electric’s POLR RFP under its competitive bridge plan eligible for an abbreviated qualification process under PPL Electric’s Default Service Procurement Plan? |
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No. A bidder that was qualified in a solicitation of PPL Electric’s POLR RFP under its competitive bridge plan is not eligible for an abbreviated qualification process under PPL Electric’s Default Service Procurement Plan (“DSPP”). The DSPP is a new procurement process that requires each participant in an RFP to provide all qualification materials required for participation in that RFP. |
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| 7. |
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If a bidder is participating in more than one RFP, can one set of qualification materials be submitted for all RFPs? |
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No. As stated in Qualifications/General FAQ-2, the three RFPs are separate but run concurrently. A supplier participating in more than one RFP is required to provide qualification materials for each RFP separately. The exception to this is the Expression of Interest Form if it is completed online, and if the check boxes for all the applicable RFPs have been elected, as described in Qualifications/General FAQ-2. |
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| 8. |
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The credit application requests information surrounding revolving credit facilities, however we cannot provide account numbers or expiration dates in regard to these accounts. Will this result in a deficiency regarding our qualification materials? |
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The credit application provides space for three bank references. Should the bidder have references from more than three banks, please provide information for at least three banks, and note this fact in the cover letter to us. If any of the information requested cannot be provided or is unavailable, please also note this for us in the credit application. The PPL Electric RFP team will evaluate the information provided and will inform the bidder if additional information is required. |
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| 9. |
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What supporting documents are required with the credit application? |
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Along with the credit application, a bidder will need to provide one (1) copy of any supporting documents, which includes (a) the most recent 2 years of financial statements audited by a firm of certified public accountants of national standing, and (b) documentation showing the name of the rating agency, the type of rating, and the rating of the Applicant from the rating agency’s web site. Hardcopies of these supporting documents are required.
Please note that we do not require a full agency rating review report. A print-out from the credit rating agency’s website showing the name of the rating agency, the type of rating, and the rating of the Applicant will suffice for this requirement. If you believe providing this information in hardcopy is against the agreement that you have with the rating agency, please state this in your cover letter to us explaining your situation. |
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| 10. |
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I completed the Expression of Interest form online – is it necessary to provide a hard copy with my bidder qualification materials? |
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No. If you have provided the expression of interest online via the web form on the RFP Web site, the online submission is sufficient. You will not need to provide this information in hardcopy. |
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| 11. |
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In order to participate in a later RFP must we submit all qualification materials for this current solicitation? |
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Each solicitation of each RFP has a distinct date by which qualification materials must be submitted. The RFP schedule for each future solicitation is provided in the RFP Addendum issued at the beginning of that solicitation. |
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| 12. |
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If our company is unable to provide audited financial information or bid assurance collateral, are we disqualified from participating in the RFPs? |
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Yes, should you not be able to provide the most recent 2 years of audited financial information and bid assurance collateral as required in the RFP Rules, you will not be able to participate in the RFP. |
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| 13. |
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If we are unable to execute the Confidentiality Agreement in the current form, may we still be qualified in the RFP? |
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The Confidentiality Agreement is a standardized form that must be executed by all RFP Bidders for participation in the RFP. |
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| 14. |
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Do suppliers need to submit expressions of interest for each Solicitation in this RFP? |
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No, a supplier only needs to submit an expression of interest form once for an RFP, and will not need to resubmit the expression of interest form for subsequent solicitations of that RFP. |
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| 15. |
Q. |
If a bidder qualified for the Load Following RFP, but not the Block RFP during the last round, is it too late to qualify for the Block, or can documents be submitted to qualify on the Bidder Qualifications Due Date? |
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No, it is not too late. The PPL Electric Default Service Procurement Plan is a multi-solicitation process. A bidder interested in participating in a solicitation of any of the Full Requirements, Block Supply or AEC RFP may do so by submitting qualification documents by noon on the Qualifications Due Date of that solicitation.
A bidder qualifications checklist for each of the RFPs is available on the applicable “Supplier Documents” page of the RFP Web site. The checklist is intended to aid in the submission of qualification materials and is not a required part of the bidder qualifications. |
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| Block |
| 1. |
Q. |
The PJM Qualification Certification Form posted to the RFP web site does not have ample space to type my entire company name; how should I enter the company name in full? |
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We thank you for bringing this to our attention. Revised forms have been provided to the RFP web site, with fields that expand to accommodate text. You may also type or print this information by hand. |
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| 2. |
Q. |
The Confidentiality Agreements for the AEC RFP and the Block Supply RFP reference Section 4.11 of the respective SMAs, which does not appear to be correct. Will this section error be corrected? |
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Updated Confidentiality Agreements (Appendix 3) to the Block Supply RFP and the AEC RFP have been posted to the RFP web site, and an announcement has been sent to all web site registrants on July 16, 2009.
- Revised Block Supply Confidentiality Agreement: Click Here!
Revised AEC Confidentiality Agreement: Click Here!
The PPL Electric RFP Team will accept the Confidentiality Agreement for each RFP regardless of whether the original or the revised version is submitted. If an original agreement is submitted with an RFP Bidder’s Qualifications, PPL Electric will correct for this section error by hand when countersigning the agreements. |
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| Load Following Full Requirements |
| 1. |
Q. |
The PJM Qualification Certification Form posted to the RFP web site does not have ample space to type my entire company name; how should I enter the company name in full? |
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A. |
We thank you for bringing this to our attention. Revised forms have been provided to the RFP web site, with fields that expand to accommodate text. You may also type or print this information by hand. |
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| AEC |
| 1. |
Q. |
When are qualification materials due for the Alternative Energy Credit ("AEC") RFP? |
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A. |
Bidder qualifications for the AEC RFP are due on the Bidder Qualifications Due Date, found in the AEC RFP schedule, at noon Eastern Time. Supplier documents for the AEC RFP are available here. The AEC RFP schedule can be found here. |
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| 2. |
Q. |
The Confidentiality Agreements for the AEC RFP and the Block Supply RFP reference Section 4.11 of the respective SMAs, which does not appear to be correct. Will this section error be corrected? |
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A. |
Updated Confidentiality Agreements (Appendix 3) to the Block Supply RFP and the AEC RFP have been posted to the RFP web site, and an announcement has been sent to all web site registrants on July 16, 2009.
- Revised Block Supply Confidentiality Agreement: Click Here!
- Revised
AEC Confidentiality Agreement: Click Here!
The PPL Electric RFP Team will accept the Confidentiality Agreement for each RFP regardless of whether the original or the revised version is submitted. If an original agreement is submitted with an RFP Bidder’s Qualifications, PPL Electric will correct for this section error by hand when countersigning the agreements. |
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| 3. |
Q. |
I am the manager of a small Hydro Station which generates PA Tier II AEC. Our Parent Company will not get a financial rating nor will they share their yearly financial reports. Is there anything I can do to enter into a contract for my AECs? |
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We are the RFP Manager for PPL Electric’s RFPs under their Default Service Procurement Plan, including the AEC RFP. We can respond to questions regarding this RFP but cannot provide information or suggestions regarding your ability to enter into a contract for RECs outside of this RFP.
The AEC RFP does not offer an opportunity to sell RECs for a company in your circumstances. As stated in section 4.1.1 of the RFP Rules, “An applicant is qualified to bid in a given solicitation if, by the Cure Deficiency Deadline of that solicitation, it satisfactorily completes or updates the following: ... 3) demonstrates that its, or its guarantor's, unsecured senior long-term debt rating (or issuer rating, if the unsecured senior long-term debt rating is unavailable) is currently available from Standard & Poor's, Fitch Ratings or Moody's Investor Services.”
Currently, there are no provisions to accept alternative arrangements other than what is described above.
Please note that PPL Electric has filed a petition with the Pennsylvania Public Utility Commission (“PUC”) to eliminate the requirement that an applicant demonstrate that its, or its guarantor’s, debt rating be available from S&P, Fitch, or Moody’s for the Alternative Energy Credits (“AEC”) RFP. This petition is applicable only to the AEC RFP. PPL Electric has requested expedited treatment with regard to this petition so that this change may take effect in time for the upcoming AEC RFP bidder qualifications due date of January 5, 2010. The filing has been posted to the AEPS Supplier Documents page of the RFP Web site. |
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