What are the steps in P3’s competitive procurement process?
• P3 gathers load profile data for all of its members and analyzes that data to group its members into various pools based on their load characteristics. These pools will be grouped into blocks, which will be how the contract is awarded to retailers. • P3 provides its members a procurement proposal. Members have 30 days to evaluate the proposal and decide whether to participate. The notice will include a minimum savings projection. P3 members that do not withdraw in the 30 days are bound for the procurement cycle. • Once the 30 days pass, P3 will seek bids from REPs and begin negotiating with a short list of suppliers to improve pricing and terms and conditions. • Throughout the negotiation process, P3 members are kept updated on the status of contract negotiations. Each member is represented on a technical committee that reviews all significant decisions. P3 will provide explanations for all information in order for the member to feel comfortable with the terms and conditions being of
