2014 Spring and Fall Standard Product RFPs (Ameren and ComEd)
Illinois Power Agency procured electric energy supply for Ameren Illinois and ComEd retail customers (residential and non-residential) for the 12-month period June 2014–May 2015, targeting monthly on-peak and off-peak standard block forward products delivered to PJM (ComEd Zone) and MISO (Ameren). Bidders submitted financial qualifications and bids in two separate sealed envelopes, evaluated against confidential benchmarks, with winning packages selected on lowest average cost per MWh across all required blocks. Energy Master Agreements and performance assurance (cash, letters of credit, or guaranties) were required within two business days of Illinois Commerce Commission approval.
Categories
Important dates
-
Published
-
Submission deadline
Deadline passed
AI overview
The Illinois Power Agency (IPA) conducted a Spring 2014 Standard Products Request for Proposals (RFP) for the procurement of electric energy supply to serve residential and non-residential retail customers of Ameren Illinois Company (AIC) and Commonwealth Edison Company (ComEd) for the period June 1, 2014 through May 31, 2015.
The procurement targeted monthly on-peak and off-peak standard block forward products as well as combinations. Bidders were required to submit two-part proposals: Part 1 containing financial information and qualifications, due April 8, 2014 at 12:00 PM Central Prevailing Time; and Part 2 containing bids and credit documents, due April 22, 2014. The RFP utilized a competitive bidding process managed by a Procurement Administrator, with bids evaluated against confidential benchmarks established by the Procurement Administrator, IPA, Procurement Monitor, and Illinois Commerce Commission (ICC) staff.
Key requirements included submission of financial attestations, pre-bid letters of credit ($5,000 per block), officer certificates for agency agreements, and confidentiality statements. Bidders could rely on their own financial standing or on that of a guarantor (domestic or foreign). For ComEd, bidders were required to schedule energy delivery through PJM's Day-Ahead Market to the ComEd Zone. For Ameren, delivery was to MISO CP Node AMIL.BGS6.
The evaluation process included two steps: elimination of bids failing to meet benchmarks, followed by selection of a bid package achieving the lowest average cost per MWh while procuring all required blocks. Results were submitted to the ICC by May 2, 2014, with the ICC issuing its decision within two business days. Winning bidders were required to execute Energy Master Agreements and provide performance assurance through cash, letters of credit, or guaranties within two business days of ICC approval.
Resources & contact
Proposal Document
View proposal documentUnlock Full Access to Utility Proposals
You're viewing past opportunities. Start a free trial to see active RFPs right now, filter by your utilities, and get real-time alerts — no credit card required.
Already have an account? Log in