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Energy RFP | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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The energy contracts shall be for 24 hour by 7 day supply for the period June 1, 2013 through December 31, 2017. For bidding purposes, the term will be divided into five products:
The maximum procurement quantity for each product will be up to 650 MW, with bidding in 50-MW block increments.
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Request for Proposals (Posted 1/9/12)
RFP Attachment A - Confirmation Agreement
Attachment A - Confirmation Agreement (Draft) (Posted 1/9/12)
Final Confirmation Agreement (Posted 2/6/12)
Final Confirmation Agreement - Redline Against Draft (Posted 2/6/12)
Attachment B - Form of Pre-Bid Letter of Credit (Posted 1/9/12)
Acceptable Modifications to Energy Pre-Bid Letter of Credit (Last Updated 1/26/12)
Pre-Qualification Application (Posted 1/9/12)
Submission deadline: 12:00 noon CPT on January 23, 2012 by email (aiurfp@levitan.com) or fax (617-531-2826)
Bid Participation Fee Payment Instructions (Posted 1/9/12)
Bidder Registration Form (Posted 1/25/12)
Supplier Fee Binding Agreement (Posted 1/25/12)
The Supplier Fee for the 2012 Rate Stability Energy RFP has been set at $1,825/block.
Energy Bid Form (Posted 1/25/12)
Energy Bid Form Submission Instructions (Posted 1/25/12)
Energy Bidder Practice Session Presentation (Posted 2/9/12)
Submit Bid Form (Link will open a new window)
The bid submission window is now closed
Additional documents can be found on the Documents page.
Q&A Submit a Question
What details of the auction results will be made public?
Section 16-111.5(h) of the Public Utilities Act provides that "[t]he names of the successful bidders and the load weighted average of the winning bid prices for each contract type and for each contract term shall be made available to the public at the time of Commission approval of a procurement event." 220 ILCS 5/16-111.5(h).
(Posted 2/10/12)
The bid submission form indicates that the Procurement Administrator will call to confirm bid receipt on bid day, when will this call be made?
We plan to call each bidder as soon as their bid form is received and checked for errors, usually within a few minutes. It's possible that it may take slightly longer if several bids are received at once.
(Posted 2/9/12)
Is it possible that less than 650 MW will be purchased for each term product?
The procurement targets have not been changed or adjusted downwanrd, 650 MW is still the target volume for each term product. Less than 650 MW may be procured for a given product if not enough bids are received that are underneath the benchmarks.
(Posted 2/9/12)
To what address should the original pre-bid letter of credit be sent?
Per the instructions in paragraph 15 of the LC, the original should be sent to:
Managing Supervisor, Credit Risk Management
Ameren Services 1901 Chouteau Avenue, MC 960 St. Louis, MO 63103 (Posted 2/3/12)
The Energy RFP Supplier Fee is stated as $1,825/block; please clarify what is meant by "block."
The unit "block" refers to the 50-MW bidding increment blocks. There are 13 50-MW blocks for each term, resulting in a total of
(Posted 1/30/12)
Could you please define "Bidder"? Further, is an application allowed by a non-owner/operator Bidder who enters into the application/Confirmation Agreement based on an underlying sale between the owner/operator and the non-owner Bidder?
A "Bidder" is an entity submitting a pre-qualification application and bid in response to the RFP. Contingent bids are not permitted, therefore the entity entering into the contract will be bound by the terms of the contract.
(Posted 1/20/12)
Please confirm that a bidder awarded unsecured credit through a guarantor can elect to post cash instead of executing a guaranty.
A bidder awarded unsecured credit through a guarantor can elect instead to provide cash or a letter of credit as collateral, with an unsecured collateral threshold of $0 applied to the bidder.
(Posted 1/18/12)
Can an unaffiliated corporate entity provide a corporate guaranty under the provisions of the Confirmation Agreement?
Yes, the guaranty can be provided by an unaffiliated entity, as long as that entity has been submitted through the pre-qualification process for a credit review.
(Posted 1/18/12)
Where can the form of post-bid letter of credit be found?
The form of post-bid letter of credit is included as Exhibit B to the Confirmation Agreement.
(Posted 1/18/12)
How can bidders comment on the draft contract?
Bidders should download the Draft Confirmation Agreement (Attachment A to the RFP) and prepare comments using MSWord redline. Comments can be emailed to aiurfp@levitan.com on or before January 31, 2012. The final Confirmation Agreement will be posted following the review of bidder comments.
(Posted 1/18/12)
What is the basis for the 650 MW quantity chosen for this procurement?
As stated in Public Act 097-0616, which mandated the Rate Stability Procurements: "The megawatt volume of the contracts
shall be based on the updated load forecasts of the minimum monthly on-peak or off-peak average load requirements shown in the forecasts, taking into account any existing energy contracts in effect as well as the expected migration of the utility's customers to alternative retail electric suppliers."
(Posted 1/13/12)
Will bids be submitted by term, by month within each term, or in some other format?
Bidders will submit a single price for each block bid in a given term, with the same price to apply for each MWh of the term. Please see the posted Energy Bid Form for details on the bid submission format.
(Posted 1/12/12)
There are five transaction Terms listed in the RFP. For a given energy block that a participant offers, can durations shorter than the specified Term be awarded? For example, a bidder offers 50 MW for the Term Jun-13 to May-14. Would the only possible award on that block be a level 50 MW volume for each of the twelve months, or could the administrator select a sub-set of months from Jun-13 to May-14?
For the Rate Stability procurement, the only terms than can be offered are the 12- or 7-month terms specified in the RFP. Single- and multi-month products will be available to bid on in the Spring 2012 Energy RFP, the process for which will begin after the Rate Stability procurements are concluded.
(Posted 1/12/12)
In the ICC's final order on 12/21/11 for the 2012 procurements (Petition for Approval of the 220 ILCS 5/16-111.5(d) Procurement Plan), pp. 22-23 list the volumes that Ameren will procure in 2012. For some months (e.g. Peak SEP13 is 600 MW, Peak OCT13 is 450 MW, Off-peak JUN13 is 550 MW, etc.), the volumes listed for AIC Peak and Off-peak on these pages is less than the 650 MW sought for this procurement. Does this mean that AIC will only procure the minimum month's requirement for a given planning year? Or will AIC over-procure for some months to meet the 650 MW maximum procurement target in this RFP?
The volumes to be procured based on the 2012 Procurement Plan and ICC order for the 2013-14 delivery year represent approximately 50% of the residual volumes shown on page 34 of the procurement plan: ~35% of the load was procured in 2011, 35% is scheduled to be procured in 2012, and the final 30% will be procured in 2013. The 650 MW target for the Rate Stability procurement is not based on the hedging volumes presented in the Procurement Plan and ICC Order, but rather on the full residual load forecast over the procurement period, and may therefore offset IPA Plan volumes scheduled to be procured not only in 2012, but also later years.
(Posted 1/10/12)
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