BGS Auction / Frequently Asked Questions / Topics

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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.

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SMA Section 15.9 (5)
Association and Confidential Information Rules (49)
Credit (4)
Application (8)
Supplier Master Agreement (2)
General (15)
Auction Rules (2)
Rates (7)
Data (17)

Application

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?