What are the maximum possible amounts of the Pre-Bid Letter of Credit and the Guaranty for the Full Requirements RFP and the Block Energy RFP in this Spring 2010 Solicitation?
Please note that in both the Full Requirements RFP and the Block Energy RFP, there is a Load Cap that is set for a Class and an RFP Bidder such that the customers of a Class have no more than a 65% exposure to any one Supplier at any given time. In this Spring 2010 Solicitation, the Load Cap prevents RFP Bidders from winning all of the available tranches or blocks. In the Block Energy RFP, no RFP Bidder can win more than 14 blocks; in the Full Requirements RFP, no RFP Bidder can win more than 39 tranches. Please see Article VI of the RFP Rules for the full explanation of the Load Caps. Appendix 3 to the RFP Rules, the Load Cap Examples, gives examples of the application of the Load Cap. Both are available on the Supplier Documents page of the RFP website. In the Block Energy RFP, the combination of blocks that results in the largest possible amount of pre-bid security required is three (3) 60-month blocks, three (3) 24-month blocks, four (4) 12-month blocks, and four (4) 2-month blocks
Related Questions
- What is the process for seeking approval of a Letter of Credit or Guaranty that does not follow ISO New Englands template language?
- My bank will be sending the Pre-Bid Letter of Credit separately from my Part 2 Proposal. Where should the LOC be sent?
- What is the Expiration Date of the Pre-Bid Letter of Credit?
