The Illinois Power Agency (IPA) issued a competitive procurement for standard energy block products to serve eligible retail customers of Ameren Illinois Company and Commonwealth Edison Company (ComEd). The procurement targeted monthly on-peak and off-peak standard block forward products and combinations for delivery during the period June 1, 2015 to May 31, 2018.
Bidders were required to submit Part 1 Proposals by March 25, 2015, followed by Part 2 Proposals and bid participation fees by the same deadline. The RFP process included bidder information webcast on March 10, 2015, and a comment period on energy master agreements closed March 2, 2015. Final RFP documents were posted March 9, 2015.
Key requirements included submission of pre-bid letters of credit ($250,000 minimum per company or $5,000 per block of indicative quantity, whichever is greater), financial attestations, officers' certificates for agency agreements, and confidentiality statements. Bidders could propose modifications to pre-bid letters of credit during the Part 1 window. The procurement included separate energy master agreements for Ameren (AIC Confirmation Agreement) and ComEd (EEI-based Master Agreement), with collateral annexes, guaranty provisions, and mark-to-market value calculation methodologies.
Bid submission deadline was March 30, 2015, with winner notification expected by 6 PM that same day. The process included post-bid letter of credit requirements, guaranty execution, and contract signature procedures. Successful bidders were required to execute final confirmation agreements with applicable utilities.