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| 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?
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All Pre-Auction security documents must be provided as... Read Answer
1/4/2019.
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| 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?
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A bidder cannot bid more in the first round of the Auction... Read Answer
1/4/2019.
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| FAQ-116. Is cash an acceptable form of pre-auction security?
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No, cash is not acceptable as pre-auction security. Each... Read Answer
1/4/2019.
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| FAQ-115. When should the expiry date be for the BGS Pre-Auction Letter of Credit?
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The expiry date must be at least sixty (60) calendar days... Read Answer
1/4/2019.
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| 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?
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A new BGS Supplier Master Agreement is used every year... Read Answer
1/4/2019.
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| FAQ-113. What happens if a Qualified Bidder cannot make one or more of the certifications in the Part 2 Application?
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It depends on the certification. Some certifications of the... Read Answer
1/4/2019.
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| 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?
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Both the Pre-Auction Letter of Credit and the Sample... Read Answer
1/4/2019.
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| 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?
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The sample Letter of Intent to Provide a Guaranty available... Read Answer
12/19/2018.
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| 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?
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The sample Letter of Intent to Provide a Guaranty available... Read Answer
12/19/2018.
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| FAQ-106. I uploaded a document in error to the online form. How do I delete the file?
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Documents uploaded to the online application forms cannot... Read Answer
12/6/2018.
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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?
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No. The Auction Manager provides to each Qualified... Read Answer
12/3/2018.
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| 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”)?
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Neither the Authorized Representative, nor the Officer who... Read Answer
12/3/2018.
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| 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?
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No, the Applicant is not required to be a PJM LSE at the... Read Answer
12/3/2018.
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| 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?
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Section 3 of the Part 1 Application does not compel the... Read Answer
12/3/2018.
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| 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?
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It is not a requirement of the Part 1 Application that an... Read Answer
11/29/2018.
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| 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?
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The $70K/tranche is the credit requirement during term of... Read Answer
10/16/2018.
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| 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?
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Login credentials are not issued on a rolling basis. ... Read Answer
10/2/2018.
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