| Regulatory Milestones |
| Activity or Decision Point |
Timing |
| EDC proposal filed |
Friday, July 01, 2022 |
| Discovery request deadline |
Friday, July 22, 2022 |
| Discovery response deadline |
Friday, August 05, 2022 |
| First FAQ is posted |
Thursday, August 11, 2022 |
| Release of Preliminary Draft of RSCP Pricing Spreadsheet |
Thursday, August 18, 2022 |
| Deadline for Initial Comments on all proposals |
Friday, September 02, 2022 |
| Announce Alternate Guaranty Process Available |
Tuesday, September 13, 2022 |
| Legislative-type Board Hearing |
Thursday, September 15, 2022 |
| Public Hearings |
TBA |
| Illustrative Part 1 and DRAFT Part 2 Application Forms are posted |
Thursday, October 06, 2022 |
| Comment Process for Letters of Credit is posted |
Thursday, October 06, 2022 |
| Information Webcast for Potential Bidders |
Friday, October 07, 2022 |
| Deadline for Final Comments |
Tuesday, October 11, 2022 |
| Deadline for Expression of Interest in Alternate Guaranty Process |
Tuesday, October 25, 2022 |
| Deadline to propose modifications to the standard form of the Pre-Auction and Post-Auction Letters of Credit |
Tuesday, October 25, 2022 |
| Auction Manager provides individual responses to parties proposing modifications to the Letters of Credit |
Wednesday, November 02, 2022 |
| All modifications to the standard form of the Letters of Credit that are acceptable on an optional basis are posted |
Wednesday, November 02, 2022 |
| Post final credit instruments |
Wednesday, November 02, 2022 |
| Board decision on Auction proposal |
Wednesday, November 09, 2022 |
| Statewide minimum and maximum starting prices announced |
Friday, November 11, 2022 |
| Load caps announced |
Friday, November 11, 2022 |
| Tranche sizes announced |
Friday, November 11, 2022 |
| FINAL Illustrative Part 2 Application Forms are posted |
Friday, November 11, 2022 |
| Information Webcast for Potential Bidders |
Monday, November 28, 2022 |
| Online Application Portal made available to Bidders |
No later than Tuesday, November 29, 2022 |
| Deadline for Foreign Applicants/Guarantors to submit draft documents |
Tuesday, November 29, 2022 |
| EDC Compliance Filing |
Wednesday, November 30, 2022 |
| Expected Board Decision on Compliance Filing |
December 2022 |
| Final Supplier Master Agreements and Rules are posted |
December 2022 |
| Deadline to submit Part 1 Application due by NOON |
Tuesday, December 13, 2022 |
| Part 1 Applications are reviewed |
December 13-16, 2022 |
| Applicants are notified of Part 1 Application results |
Friday, December 16, 2022 |
| Auction Manager provides results of EDCs’ review of draft documents submitted by Foreign Applicants/Guarantors |
Friday, December 16, 2022 |
| Deadline to submit Part 2 Application due by NOON |
Wednesday, January 11, 2023 |
| Deadline for Foreign Applicants/Guarantors to submit revised draft documents |
Wednesday, January 11, 2023 |
| Part 2 Applications are reviewed |
January 11-19, 2023 |
| Applicants are notified of Part 2 Application results |
Thursday, January 19, 2023 |
| Auction Manager informs Registered Bidders of changes to decrement formulas or ranges of total excess supply (if necessary) |
Tuesday, January 24, 2023 |
| Mark-to-Market Information Release |
Tuesday, January 24, 2023 |
| Tranche Fee is announced |
Wednesday, January 25, 2023 |
| Information Webcast for Registered Bidders |
Wednesday, January 25, 2023 (tentative) |
| Final rate spreadsheets are posted |
Thursday, January 26, 2023 |
| Final seasonal factors announced |
Thursday, January 26, 2023 |
| First Trial Auctions for Registered Bidders |
Thursday, January 26, 2023 |
| EDCs provide Foreign Applicants/Guarantors with assessment of revised documents |
Friday, January 27, 2023 |
| Auction Manager informs Bidders registered in BGS-RSCP Auction whether Supplement C to the BGS-RSCP Supplier Master Agreement is effective June 1, 2023 |
Monday, January 30, 2023 |
| Second Trial Auctions for Registered Bidders |
Tuesday, January 31, 2023 |
| Auction Manager informs Bidders registered in BGS-CIEP Auction of starting prices |
Tuesday, January 31, 2023 |
| Auction Manager informs Bidders registered in BGS-RSCP Auction of starting prices |
Wednesday, February 01, 2023 |
| BGS-CIEP Auction Starts |
Friday, February 03, 2023 |
| BGS-RSCP Auction Starts |
Monday, February 06, 2023 |
| 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 |
Thursday, June 01, 2023 |
