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Bid Window Opens for Part 2 of Illinois Power Agency’s Fall 2017 Wind and Solar Contracts

The Part 2 Window of the Illinois Power Agency’s (IPA) Fall 2017 Procurement Wind and Solar Requests for Proposals (RFPs) opened on Aug. 15. On Aug. 14, IPA notified bidders regarding whether or not their proposals met the qualification standards for Part 1 proposals. Along with the notifications for successful proposals, IPA sent several electronic documents necessary for the submission of Part 2 bids. The documents include: 1) the bid form, which includes a unique identifier for each project, 2) instructions for completing, encrypting, and submitting the bid form, 3) an invitation to a training session on the bid submission procedure, and 4) confidential information for submission of the bid form, including a username, a password, and a security code unique to each bidder.

The Wind and Solar RFP Process and Rules outline the requirements for Part 2 submissions: bid assurance collateral, certain certifications, information to prepare the Renewable Energy Credits (REC) contracts, and the bid, which consists of the annual quantity and price per REC. The window for the Part 2 proposals and bid assurance collateral closes on Aug. 23, 2107. Regarding the bid assurance collateral, the RFP rules revised the financial guarantee requirements from the June 14 draft proposal requirements. The RFP rules allow bidders to submit financial guarantees in the form of letters of credit or cash as bid assurance collateral. The RFP rules list the revised amounts for bid assurance collateral as follows:

  1. Ameren Illinois Company requires $4,000 per MW for solar and $1,600 per MW for wind, subject to a $35,000 minimum

  2. Commonwealth Edison Company requires $10,000 per MW for solar and $4,000 per MW for wind, subject to a minimum of $35,000

  3. MidAmerican Energy Company requires $30,000 regardless of the project size

Bidders must submit bids on Aug. 31, one week following submissions of the Part 2 proposals and bid assurance collateral. IPA lays out the full procurement schedule as follows:

graph, bid deadline, event

© 2022 BARNES & THORNBURG LLPNational Law Review, Volume VII, Number 228
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About this Author

Ralph Dudziak Corporate & Finance Attorney
Partner

Trusted adviser and legal counselor Ralph Dudziak advises on financing and other corporate transactions, with an emphasis on the renewable energy sector. Ralph cares deeply about the clients he serves and the results he cultivates and achieves.

Ralph’s experience includes project finance and development, renewable energy project construction and term lending, tax equity financings, back-leverage financings, additional forms of secured lending, credit warehouses and securitizations, private placements and leasing. He also represents a variety of other business clients in myriad...

312-214-5618
Michael Elam Environmental Energy Attorney
Partner

Veteran attorney Michael Elam brings more than three decades of experience in environmental, energy, infrastructure and natural resource law in both the private and public sectors. He structures creative agreements and helps secure approvals and financing for complex national and international agreements involving the development, remediation and financing of environmentally challenged or controversial projects surrounding energy and sensitive water bodies or sources.

Michael represents businesses and other clients in complex projects and transactions, disputes and litigation. He is...

312-214-5630
Ashley Parr Environmental Attorney Barnes Thornburg Law Firm Chicago
Associate

Ashley E. Parr is an associate in Barnes & Thornburg’s Chicago office, where she is a member of the Environmental Department and Renewable Energy Practice Group.

Prior to joining Barnes & Thornburg, Ms. Parr served as an assistant general counsel for the Illinois Department of Human Services. She advised all programs in the department’s Family and Community Services Division on federal and state regulatory and compliance matters, government contracting, and administrative litigation. She also served as an extern for the U.S. Environmental Protection Agency’s Office of...

312-214-4842
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