| Regulatory Milestones and Tentative Auction Timeline |
| Activity or Decision Point |
Timing |
| BGS proposals filed |
Wednesday, July 1, 2009 |
| Discovery request deadline |
Friday, July 24, 2009 |
| Discovery response deadline |
Friday, August 7, 2009 |
| First FAQ is posted |
Tuesday, August 11, 2009 |
| Release of Preliminary Draft of FP Pricing Spreadsheet |
Tuesday, August 25, 2009 |
| Deadline for Initial Comments on all proposals |
Friday, August 28, 2009 |
| Legislative-type Board Hearing |
September 10, 2009 |
| Posting of Alternate Guaranty Process |
Wednesday, September 16, 2009 |
| Deadline for Final Comments |
Friday, September 25, 2009 |
| Public Hearings |
Early October |
| Information Session for Potential Bidders
(Washington, DC) |
Friday, October 2, 2009 |
| Information Session for Potential Bidders (Philadelphia, PA) |
Friday, October 9, 2009 |
| Final Part 1 Application Form is posted |
Thursday, October 15, 2009 |
| Draft Part 2 Application Form is posted |
Thursday, October 15, 2009 |
| Deadline to submit alternate form of guaranty by NOON |
Tuesday, October 27, 2009 |
| Deadline to propose modifications to the standard form of the Pre-Auction Letter of Credit by NOON |
Tuesday, October 27, 2009 |
| Auction Manager informs a proposing party that had previously secured approval for its alternate form of guaranty whether the approval is renewed |
Wednesday, October 28, 2009 |
| Deadline to submit alternate form of guaranty and supporting documentation for parties whose approval of a previously accepted alternate form of guaranty is not renewed |
Friday, October 30, 2009 |
| Auction Manager provides individual responses to
parties proposing modifications to the Pre-Auction Letter of Credit |
Monday, November 2, 2009 |
| All modifications to the standard form of the Pre-
Auction Letter of Credit that are acceptable on an
optional basis are posted |
Wednesday, November 4, 2009 |
| Auction Manager informs parties proposing alternate
form of guaranty of status of submission |
Wednesday, November 4, 2009 |
| Deadline to submit required modifications or revisions to the alternate form of guaranty or supporting
documentation |
Friday, November 6, 2009 |
| Board decision on Auction proposal |
Tuesday, November 10, 2009 |
| Auction Manager informs parties proposing alternate forms of guaranty of the EDCs’ decision |
Tuesday, November 10, 2009 |
| Statewide minimum and maximum starting prices
announced |
Thursday, November 12, 2009 |
| Load caps announced |
Thursday, November 12, 2009 |
| Tranche sizes announced |
Thursday, November 12, 2009 |
| Final Part 2 Application Form is posted |
Friday, November 13, 2009 |
| EDC Compliance Filing |
Tuesday, November 24, 2009 |
| Expected Board Decision on Compliance Filing |
November, 2009 |
| Information Session for Potential Bidders,
Philadelphia, PA |
Friday, December 4, 2009 |
| Deadline to submit Part 1 Application due by NOON |
Tuesday, December 15, 2009 |
| Part 1 Applications are reviewed |
December 15 – 18, 2009 |
| Applicants are notified of Part 1 Application Results |
Friday, December 18, 2009 |
| Deadline to submit Part 2 Application due by NOON |
Tuesday, January 12, 2010 |
| Part 2 Applications are reviewed |
January 12 - 20, 2010 |
| Applicants are notified of Part 2 Application results |
Wednesday, January 20, 2010 |
| Mark-to-Market Information Release |
Monday, January 25, 2010 |
| Auction Manager informs Registered Bidders of
changes to decrement formulas or ranges of total excess supply (if necessary) |
Monday, January 25, 2010 |
| Tranche Fee is announced |
Tuesday, January 26, 2010 |
| Information session for Registered Bidders,
Philadelphia, PA |
Tuesday, January 26, 2010 |
| Trial auctions for Registered Bidders |
Thursday, January 28, 2010 |
| Auction Manager informs Bidders registered in BGS-CIEP Auction of starting prices |
Tuesday, February 2, 2010 |
| Auction Manager informs Bidders registered in BGS-FP Auction of starting prices |
Wednesday, February 3, 2010 |
| BGS-CIEP Auction Starts |
Friday, February 5, 2010 |
| BGS-FP Auction Starts |
Monday, February 8, 2010 |
| Board decision on Auction results |
Within 2 business days of close of the BGS-FP Auction
or BGS-CIEP Auction, whichever comes later |
| Winning suppliers execute BGS Supplier Master
Agreements |
Within 3 business days of Board decision |
| Documents provided to bidders by Auction Manager
containing confidential information must be destroyed |
Within 5 business days of Board decision |
| BGS-FP rates filed with Board |
Within 60 business days of Board decision |
| Power Flows |
Tuesday, June 1, 2010 |
