2023 Block Energy (AIC, ComEd, and MEC) and Capacity (AIC) RFPs

The Illinois Power Agency (IPA) is conducting a competitive procurement for electrical energy and capacity products for Ameren Illinois Company (AIC), Commonwealth Edison Company (ComEd), and MidAmerican Energy Company (MEC). This Request for Proposals covers multiple procurement events with different product types and delivery periods.

Energy Products: The Fall 2023 procurement includes monthly on-peak and off-peak standard block forward products for AIC and ComEd for the delivery period June 1, 2023 through May 31, 2026. Bidders may submit bids for individual months, combinations of months, or the full contract period. Capacity Products: For AIC, the procurement includes seasonal Zonal Resource Credits (ZRCs) for multiple planning years. ZRCs must qualify to satisfy resource adequacy requirements in Local Resource Zones under the MISO Tariff Module E.

Key Dates and Deadlines: The Part 1 Proposal window opened on August 8, 2023. Bid assurance collateral must be submitted with Part 2 Proposals. The Bidder Information Webcast was held on July 27, 2023. Final procurement targets were released on July 25, 2023. The ICC is expected to issue results and approvals following bid evaluation.

Financial Requirements: Bidders must demonstrate financial standing either through their own creditworthiness or through a guarantor. Required documentation includes the most recent audited annual financial information (SEC Form 10-K preferred), most recent quarterly financial data (SEC Form 10-Q preferred), and any public financial disclosures since the most recent financial data (SEC Forms 8-K preferred). Bid assurance collateral must be provided in the form of cash or a Pre-Bid Letter of Credit with specific rating requirements from S&P Global Ratings, Moody's Investors Service, or Fitch Ratings.