| Regulatory Milestones |
| Activity or Decision Point |
Timing |
| EDC proposal filed |
Monday, July 1, 2024 |
| Discovery request deadline |
Monday, July 22, 2024 |
| Discovery response deadline |
Monday, August 5, 2024 |
| First FAQ is posted |
Tuesday, August 13, 2024 |
| Release of Preliminary Draft of RSCP Pricing Spreadsheet |
Tuesday, August 20, 2024 |
| Deadline for Initial Comments on all proposals |
Wednesday, September 4, 2024 |
| Announce Alternate Guaranty Process Available |
Tuesday, September 17, 2024 |
| Legislative-type Board Hearing |
TBA |
| Public Hearings |
TBA |
| Deadline for Final Comments |
Monday, October 7, 2024 |
| Illustrative Part 1 and DRAFT Part 2 Application Forms are posted |
Thursday, October 10, 2024 |
| Comment Process for Letters of Credit is posted |
Thursday, October 10, 2024 |
| Information Webcast for Potential Bidders |
Friday, October 18, 2024 (tentative) |
| Deadline for Expression of Interest in Alternate Guaranty Process |
Tuesday, October 29, 2024 |
| Deadline to propose modifications to the standard form of the Pre-Auction and Post-Auction Letters of Credit |
Tuesday, October 29, 2024 |
| Auction Manager provides individual responses to parties proposing modifications to the Letters of Credit |
Wednesday, November 6, 2024 |
| All modifications to the standard form of the Letters of Credit that are acceptable on an optional basis are posted |
Friday, November 8, 2024 |
| Post final credit instruments |
Friday, November 8, 2024 |
| Statewide minimum and maximum starting prices announced |
Friday, November 15, 2024 |
| Load caps announced |
Friday, November 15, 2024 |
| Tranche sizes announced |
Friday, November 15, 2024 |
| FINAL Illustrative Part 2 Application Forms are posted |
Thursday, November 21, 2024 |
| Board decision on Auction proposal |
Expected November 2024 |
| EDC Compliance Filing |
December 2024 |
| Expected Board Decision on Compliance Filing |
December 2024 |
| Final Supplier Master Agreements and Rules are posted |
December 2024 |
| Online Application Portal made available to Bidders |
No later than Tuesday, December 3, 2024 |
| Deadline for Foreign Applicants/Guarantors to submit draft documents |
Tuesday, December 3, 2024 |
| Information Webcast for Potential Bidders |
Tuesday, December 3, 2024 (tentative) |
| Deadline to submit Part 1 Application due by NOON |
Tuesday, December 17, 2024 |
| Part 1 Applications are reviewed |
December 17-20, 2024 |
| Applicants are notified of Part 1 Application results |
Friday, December 20, 2024 |
| Deadline to submit Part 2 Application due by NOON |
Wednesday, January 15, 2025 |
| Deadline for Foreign Applicants/Guarantors to submit revised draft documents |
Wednesday, January 15, 2025 |
| Part 2 Applications are reviewed |
January 15-23, 2025 |
| Applicants are notified of Part 2 Application results |
Thursday, January 23, 2025 |
| Auction Manager informs Registered Bidders of changes to decrement formulas or ranges of total excess supply (if necessary) |
Tuesday, January 28, 2025 |
| Mark-to-Market Information Release |
Tuesday, January 28, 2025 |
| Tranche Fee is announced |
Wednesday, January 29, 2025 |
| Information Webcast for Registered Bidders |
Wednesday, January 29, 2025 (tentative) |
| Final rate spreadsheets are posted |
Thursday, January 30, 2025 |
| Final seasonal factors announced |
Thursday, January 30, 2025 |
| First Trial Auctions for Registered Bidders |
Thursday, January 30, 2025 |
| EDCs provide Foreign Applicants/Guarantors with assessment of revised documents |
Friday, January 31, 2025 |
| Second Trial Auctions for Registered Bidders |
Tuesday, February 4, 2025 |
| Auction Manager informs Bidders registered in BGS-CIEP Auction of starting prices |
Tuesday, February 4, 2025 |
| Auction Manager informs Bidders registered in BGS-RSCP Auction of starting prices |
Wednesday, February 5, 2025 |
| BGS-CIEP Auction Starts |
Friday, February 7, 2025 |
| BGS-RSCP Auction Starts |
Monday, February 10, 2025 |
| Board decision on Auction results |
Within two business days of close of the BGS-RSCP Auction or BGS-CIEP Auction, whichever comes later |
| Winning suppliers execute BGS Supplier Master Agreements |
Within three business days of Board decision |
| Documents provided to bidders by Auction Manager containing confidential information must be destroyed |
Within five business days of Board decision |
| BGS-RSCP rates filed with Board |
No later than 30 days prior to becoming effective |
| Power Flows |
Sunday, June 1, 2025 |
