November 22, 2017

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November 21, 2017

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November 20, 2017

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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

© 2017 BARNES & THORNBURG LLP

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About this Author

Ralph Dudziak, Barnes Thornburg Law Firm, Energy and Transactional Attorney
Partner

Ralph Dudziak is a partner in the Chicago office of Barnes & Thornburg LLP. As a transactional attorney in the firm’s Corporate Department, Mr. Dudziak concentrates a significant portion of his practice in the energy sector on project finance and development, renewable energy project construction and term lending, tax equity financings, back-leverage financings, other forms of secured lending, credit warehouses and securitizations, private placements, and leasing.

Mr. Dudziak’s wide-ranging experience includes advising a variety of clients...

312-214-5618
Michael H. Elam, Environmental Attorney, Barnes Thornburg law firm
Partner

Michael H. Elam is a partner in Barnes & Thornburg LLP’s Chicago office and a member of the firm’s Environmental Law Department, Global Services Practice Group and Federal Relations Practice Group.

 Mr. Elam brings more than 30 years of experience in environment, energy and natural resource law, policy and risk management to the firm. Mr. Elam focuses his practice on securing permits, approvals and complex agreements related to the development, remediation and financing of environmentally challenged or controversial projects often involving sensitive water bodies or sources. He represents clients in complex litigation and enforcement actions, and is well known for securing creative and cutting-edge settlements for his clients, particularly with respect to infrastructure or energy-related projects. He has significant experience with investigations and cleanups, as well as with risk avoidance, risk allocation and dispute resolution, including negotiations, ADR and litigation. Mr. Elam is also highly effective in working with federal and state regulatory agencies, as well as representing private-sector clients seeking to secure approvals and financing for sensitive development projects or to resolve significant environmental claims.

312-214-5630
Ashley Parr, Chicago, Barnes Thornburg, Law FIrm, Environmental Attorney, Renewable Energy
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