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Frequently Asked Questions - Topics - Application

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Answers to Frequently Asked Questions are provided in this section. 

The first posting of FAQs is in August.  The last posting of FAQs is in the latter part of January, after bidders are registered to participate in the Auctions.   From that point, questions and answers are emailed directly to Registered Bidders and are not posted to the BGS Auction website.  Questions that are not from Registered Bidders or their advisors are answered strictly on a best efforts basis.

Your use of this page (site) constitutes an acceptance of the Terms as described in the disclaimer.

 
Application (17)
Association and Confidential Information Rules (49)
Auction Rules (2)
Credit (9)
Data (19)
General (17)
Rates (7)
SMA Section 15.9 (6)
Supplier Master Agreement  (2)

Application

FAQ-118

Are all Pre-Auction Security documents required to be submitted as hardcopy originals? Or can we submit scans of the Letter of Reference or the Letter of Intent to Provide a Guaranty?


All Pre-Auction security documents must be provided as... Read Answer

1/4/2019.


FAQ-117

Are bidders committed to bidding in round 1 of the Auction the number of tranches in their indicative offer at the maximum starting price as submitted in their Part 2 Application?


A bidder cannot bid more in the first round of the Auction... Read Answer

1/4/2019.


FAQ-116

Is cash an acceptable form of pre-auction security?


No, cash is not acceptable as pre-auction security. Each... Read Answer

1/4/2019.


FAQ-115

When should the expiry date be for the BGS Pre-Auction Letter of Credit?


The expiry date must be at least sixty (60) calendar days... Read Answer

1/4/2019.


FAQ-114

Does a winning supplier execute a new BGS Supplier Master Agreement every year or can new tranches won this year fall under the terms of the BGS Supplier Master Agreement that we previously signed with an EDC?


A new BGS Supplier Master Agreement is used every year... Read Answer

1/4/2019.


FAQ-113

What happens if a Qualified Bidder cannot make one or more of the certifications in the Part 2 Application?


It depends on the certification. Some certifications of the... Read Answer

1/4/2019.


FAQ-112

Is there a requirement that the bank that issues the Pre-Auction Letter of Credit be the same as the bank that issues the Letter of Reference?


Both the Pre-Auction Letter of Credit and the Sample... Read Answer

1/4/2019.


FAQ-110

Can we submit a Letter of Intent to Provide a Guaranty that does not follow the sample provided on the BGS Auction website?


The sample Letter of Intent to Provide a Guaranty available... Read Answer

12/19/2018.


FAQ-109

Is the Letter of Intent to Provide a Guaranty posted as a “sample” to the BGS Auction website the final one, or will there be another version marked “final” posted at a later time? 


The sample Letter of Intent to Provide a Guaranty available... Read Answer

12/19/2018.


FAQ-106

I uploaded a document in error to the online form.  How do I delete the file?


Documents uploaded to the online application forms cannot... Read Answer

12/6/2018.


FAQ-104. If we present financial information for a Guarantor in the Part 1 Application and we are qualified on that basis, can we change the entity upon whose financial standing we are relying at a later time?

No. The Auction Manager provides to each Qualified... Read Answer

12/3/2018.


FAQ-103

In the event that we become a winning bidder in the Auction, is it required for the Authorized Representative or the Officer wo names the Authorized Representative in the Part 1 Application to be the individual who executes the applicable Supplier Master Agreement (“SMA”)?


Neither the Authorized Representative, nor the Officer who... Read Answer

12/3/2018.


FAQ-102

Is an Applicant to the BGS Auctions required to be a Load-Serving Entity (“LSE”) in the PJM Interconnection, L.L.C. (“PJM”) at the time of submitting the Part 1 Application?


No, the Applicant is not required to be a PJM LSE at the... Read Answer

12/3/2018.


FAQ-101

We do not have an office in New Jersey and we do not have a legal representative in New Jersey. What are our options to comply with the requirements of Section 3 of the Part 1 Application?


Section 3 of the Part 1 Application does not compel the... Read Answer

12/3/2018.


FAQ-100

Does the Applicant have to be rated by the major ratings agency to successfully complete the Part 1 Application for the BGS Auctions?


It is not a requirement of the Part 1 Application that an... Read Answer

11/29/2018.


FAQ-49

What is the difference in the $70K/tranche required under the BGS-CIEP Supplier Master Agreement on slide 22 and the $375K/tranche required as a financial guarantee on slide 47?


The $70K/tranche is the credit requirement during term of... Read Answer

10/16/2018.


FAQ-44

When does the BGS Auction Manager issue those credentials for the online application portal after receiving a request?  Is it on a rolling basis?


Login credentials are not issued on a rolling basis. ... Read Answer

10/2/2018.


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What's New

Board Approves Results of 2019 BGS Auctions...   GO >>

ANNOUNCEMENT: Board Meeting Scheduled for Thursday, February 7, 2019...   GO >>

ANNOUNCEMENT: Final Seasonal Factors; POSTING: Updated BGS-RSCP Rate Spreadsheets and Rate Spreadsheet Tool...   GO >>

POSTING: Clean Energy Act Example Calculation...   GO >>

POSTINGS: Final Decrement Formulas...   GO >>

POSTING: Mark-to-Market Information Release...   GO >>

Announcement: Rates for Firm Transmission Service...   GO >>

POSTING: BGS-CIEP Opt-Ins File...   GO >>

POSTING: Updated EDC Municipal Aggregation Enrollment ...   GO >>

REMINDER: Part 2 Application Deadline is Thursday, January 10, 2019...   GO >>

REMINDER: Part 2 Application Deadline is Thursday, January 10, 2019...   GO >>

POSTING: Revised Order Regarding RPS Obligations for BGS Suppliers...   GO >>

POSTING: Order Regarding RPS Obligations for BGS Suppliers...   GO >>

ANNOUNCEMENT: Technical Issues Resolved...   GO >>

ANNOUNCEMENT: Online Part 2 Form Now OPEN!...   GO >>

ANNOUNCEMENT: Temporary Technical Issues...   GO >>

DEADLINE: Part 1 Application is Due by NOON TODAY!...   GO >>

DEADLINE: Part 1 Application is Due TOMORROW!...   GO >>

POSTING: Bidder Information Materials...   GO >>

REMINDER: Part 1 Application is Due Tuesday, December 18! ...   GO >>

ANNOUNCEMENT: Compliance Filing Documents Approved as Final Documents ...   GO >>

REMINDER: Part 1 Application is Due Tuesday, December 18!...   GO >>

POSTING: Compliance Filing Documents...   GO >>

ANNOUNCEMENT: Daily FAQ Postings; REMINDER: Part 1 Applications Due by NOON on December 18...   GO >>

ANNOUNCEMENT: Online Part 1 Form Now Open!...   GO >>

ANNOUNCEMENT: Stakeholder Meeting Regarding RPS Obligations for BGS Suppliers...   GO >>

POSTINGS: Bidder Information Webcast Presentation and Board Order on BGS Auction Process...   GO >>

FINAL REMINDER: RSVP Now for the Bidder Information Webcast Today!...   GO >>

REMINDER: RSVP Now for the Upcoming Bidder Information Webcast!...   GO >>

ANNOUNCEMENT: Board Decision on BGS Proposals INVITATION: RSVP for BGS Webcast...   GO >>

INVITATION: RSVP Now for the Upcoming Bidder Information Webcast!...   GO >>

ANNOUNCEMENT: Minimum and Maximum Starting Prices, Tranche Targets, and Load Caps for the 2019 BGS-RSCP Auction...   GO >>

ANNOUNCEMENT: Minimum and Maximum Starting Prices, Tranche Targets, and Load Caps for the 2019 BGS-CIEP Auction...   GO >>

POSTING: Association and Confidential Information Rules Q&A...   GO >>

POSTINGS: Pre-Auction Security Documents and Post-Auction Letter of Credit...   GO >>

REMINDER: Deadline to Propose Modifications to the Letters of Credit is TOMORROW!...   GO >>

REMINDER: Deadline to Propose Modifications to the Letters of Credit is Tuesday, October 23; POSTING: Bidder Information Packet...   GO >>

POSTINGS: Illustrative Application Forms and Bidder Information Webcast Presentation...   GO >>

INVITATION: Comment Process for Letters of Credit...   GO >>

Deadline for Final Comments on Proposals for Procurement of BGS is Tomorrow, Friday, October 12...   GO >>

FINAL REMINDER: Bidder Information Webcast TODAY!...   GO >>

REMINDER: RSVP Now for the Upcoming Bidder Information Webcast!...   GO >>

REMINDER: Alternate Guaranty Process: Expressions of Interest Due October 23...   GO >>

ANNOUNCEMENT: RSVP Now for the Upcoming Bidder Information Webcast!...   GO >>

ANNOUNCEMENT: Hearing on Proposals for Procurement of BGS...   GO >>

POSTING: Alternate Guaranty Process...   GO >>

Deadline for Initial Comments on Proposals for Procurement of BGS is Today...   GO >>

POSTING: BGS-RSCP Pricing Spreadsheet Tool...   GO >>

POSTING: First FAQs...   GO >>

ANNOUNCEMENT: EDCs' Filing is Available on the BGS Auction Website...   GO >>

Board Approves Results of 2018 BGS Auctions...   GO >>