This procurement event is conducted pursuant to Public Act 99-0906 (the Future Energy Jobs Bill), which became effective June 1, 2017. The RFP calls for the procurement of Zero Emission Credits from zero emission facilities in an amount approximately equal to 16% of the electricity delivered by the utilities in calendar year 2014 for Ameren Illinois Company (AIC) and ComEd, and 16% of the power and energy procured by the Illinois Power Agency for the 2016-2017 delivery year for MEC (Docket #14-0715). This procurement event is held through the Zero Emission Credits RFP or ZEC RFP.
Bidders must complete a comprehensive proposal submission process that includes multiple components. Each entity responding to the ZEC RFP is considered a Bidder and submits a single Proposal, which may present multiple Zero Emission Facilities. The Proposal must include completed forms, certifications from a designated Officer of the Bidder, Pre-Bid Letters of Credit, and other required documentation. Bidders may submit any portion of their Proposal at any time starting from the Proposal Window opening on November 14, 2017, but all materials must be received no later than 12 PM (noon) on December 12, 2017.
Bid Forms must be submitted during a specific Bid Window on January 10, 2018, between 10 AM and 12 PM (noon) Central Prevailing Time. The Procurement Administrator will acknowledge receipt and provide assessment of the Bid Form via phone within 15 minutes. Bidders must complete a Bidder Eligibility Form to confirm their status. A Bidder may name one required Representative and up to three additional Representatives on the Proposal Form for receipt of correspondence. Pre-Bid Letters of Credit must be submitted for AIC, ComEd, and MEC as specified in the Standard Pre-Bid Letter of Credit documents, with acceptable modifications available as documented by November 10, 2017.
Performance Assurance requirements are detailed in Section 4.3 of the Master ZEC Agreement and Cover Sheet, with calculations based on the Collateral Requirement and Collateral Threshold Amount. The ZEC Cost Cap for the first Delivery Year will be calculated after ICC approval of the RFP results. Successful bidders will execute one ZEC Contract with each utility for each approved Zero Emission Facility, with the Seller identified as '[Name of Company] for [Name of Zero Emission Facility]' in the contract. The Annual Contract Value is calculated at $16.50 times the Seller's Share of Award times the Annual Utility Cost-Constrained Quantity.