An indicative offer specifies two numbers of tranches. The first number represents the amount that the qualified bidder is willing to serve at the maximum starting price on a statewide basis (i.e., for all EDCs combined). The second number represents the amount that the qualified bidder is willing to supply at the minimum starting price on a statewide basis. At each of the maximum and the minimum starting prices, the number of tranches indicated by the qualified bidder cannot exceed the statewide load cap.

All qualified bidders will also be required to provide their preliminary maximum interest in each EDC. The number of tranches for an EDC cannot exceed the EDC load cap. However, the sum of the qualified bidder’s preliminary maximum interest in each EDC at a given price can exceed the statewide number of tranches that the qualified bidder is willing to serve at that price, and it can also exceed the statewide load cap. Information that a qualified bidder provides regarding its interest in any particular EDC has no effect on initial eligibility or subsequent bidding in the Auction.

The BGS Auction Manager’s email, BGS-Auction@nera.com, should be used in Paragraph 12 of the Pre-Auction Letter(s) of Credit.

The issuing bank of the Pre-Bid Letter(s) of Credit and Letter of Reference must meet a minimum credit rating requirement, which requires the issuing bank to have a senior unsecured debt rating of “A” or better by S&P Global Ratings (“S&P”) if rated by S&P or “A2” or better by Moody’s Investors Service Inc. (“Moody’s”) if rated by Moody’s, or “A” or better by Fitch Ratings (“Fitch”) if rated by Fitch. Additionally, the Pre-Bid Letter(s) of Credit and Letter of Reference must be issued by a United States commercial bank or a foreign commercial bank with U.S. branches that are subject to the jurisdiction of New York federal or state courts.

All Capacity PLA data for PSE&G, ACE, and RECO are not scaled and should be adjusted by the applicable Daily Zonal Scaling Factor.  The transmission NSPL values are already scaled for PSE&G, ACE, and RECO, and do not need to be adjusted.

For JCP&L, the following file(s) do not need to be adjusted by the applicable Daily Zonal Scaling Factors: Total Retail PLA.  As of June 1, 2017, the following files should be adjusted by the applicable Daily Zonal Scaling Factors: Total BGS PLA, BGS-CIEP PLA, and BGS-RSCP PLA.  As of September 1, 2022, the following files should be adjusted by the applicable Daily Zonal Scaling Factors: BGS-CIEP Eligible PLA and BGS-RSCP Eligible PLA.

ACE has confirmed that the data provided is accurate.

Please note that each bidder is entirely responsible for analysis of the data provided. All data are provided for informational purposes only. The EDCs have compiled the data in good faith from sources believed by the EDCs to be reliable but do not warrant the accuracy of the data. It is the responsibility of users of the posted data to determine whether and how they should be applied; by utilizing the data, users assume all risk associated therewith.

This information is not available from the BGS Auction Manager.

For the BGS-CIEP Auction, the BGS-CIEP Pre-Auction Letter of Credit must be in an amount of $375,000 per tranche of the Qualified Bidder’s indicative offer at the maximum starting price. To be eligible to bid on the maximum number of tranches available in the BGS-CIEP Auction (17 tranches), the BGS-CIEP Pre-Auction Letter of Credit must be in the amount of $6,375,000.

For the BGS-RSCP Auction, the BGS-RSCP Pre-Auction Letter of Credit must be in an amount of $500,000 per tranche of the Qualified Bidder’s indicative offer at the maximum starting price. To be eligible to bid on the maximum number of tranches available in the BGS-RSCP Auction (20 tranches), the BGS-RSCP Pre-Auction Letter of Credit must be in the amount of $10,000,000.

If a Qualified Bidder in the BGS-RSCP Auction is required to provide additional pre-auction security in the form of a letter of intent to provide a guaranty or a letter of reference, it must be in the amount of $1,900,000 per tranche of the Qualified Bidder’s indicative offer at the maximum starting price. To be eligible to bid on the maximum number of tranches available in the BGS-RSCP Auction, the letter of intent to provide a guaranty or a letter of reference must be in the amount of $38,000,000.

Alternatively, the Qualified Bidder can provide a BGS-RSCP Pre-Auction Letter of Credit for the full amount, namely $2,400,000 per tranche of the Qualified Bidder’s indicative offer at the maximum starting price. In this instance, to be eligible to bid on the maximum number of tranches available in the BGS-RSCP Auction, the BGS-RSCP Pre-Auction Letter of Credit must be increased by an additional $38,000,000 for a total amount of $48,000,000.

The documents and FAQs of the BGS Auction website are refreshed every year to include only content relevant for the upcoming BGS Auctions. FAQs from prior BGS Auctions are no longer available.

The Applicant’s Legal Representative in New Jersey:

• must be either legal counsel or a representative agent;
• must have an address in New Jersey; and
• must be authorized and agree to accept service of process on the Applicant’s behalf.
   

A legal representative, for purposes of the Part 1 Application, is a person or company that agrees to accept service of process on the Applicant's behalf. If a company agrees to accept service of process on the Applicant’s behalf, an individual from that company must sign the Legal Representative Insert (#P1-3). The name of the individual and contact information must be provided.

An Applicant that has successfully completed the Part 1 Application becomes a “Qualified Bidder”. Interested parties are notified as to whether they succeeded in qualifying to participate in the BGS-RSCP Auction and/or BGS-CIEP Auction no later than three days after the Part 1 Application Date by receiving a Notification of Qualification.

No, the Applicant cannot name one entity as the Guarantor and provide financial information for another entity. If relying on a Guarantor, the Applicant must provide financial information (annual financial statement, quarterly financial statement, and annual report) for the Guarantor named in the Part 1 Application.

For JCP&L, the following file does not need to be adjusted by the applicable Daily Zonal Scaling Factors: Total Retail PLA. All data values from June 1, 2017 onward should be adjusted by the applicable Daily Zonal Scaling Factors in the following files: Total BGS PLA, BGS-CIEP PLA, and BGS-RSCP PLA. All data values from September 1, 2022 onward should be adjusted by the applicable Daily Zonal Scaling Factors in the following files: BGS-CIEP Eligible PLA and BGS-RSCP Eligible PLA. For purposing of scaling these values, JCP&L has provided a “CAP” Daily Zonal Scaling Factor data series for the capacity PLAs and a “NSPL” Daily Zonal Scaling Factor data series for the transmission NSPL values.  These can be found in the JCP&L Daily Zonal Scaling Factor file posted on the Monthly Data page of the BGS Auction website.

All Capacity PLA data for PSE&G, ACE, and RECO are not scaled and should be adjusted by the applicable Daily Zonal Scaling Factor. The transmission NSPL values are already scaled for PSE&G, ACE, and RECO and, as such, NSPL Daily Zonal Scaling Factor values are not provided.

This information is not made available by the BGS Auction Manager. The banking information for an applicable EDC will be provided in the event that EDC effects a draw.

The banking information in Annex 2 should be left blank in the issued Pre-Auction Letter(s) of Credit.

No. The BGS-RSCP supply period cannot be for a duration other than three (3) years. Please see the New Jersey Board of Public Utilities’ Decision and Order In The Matter of the Provision Of Basic Generation Service (BGS) For The Period Beginning June 1, 2026 for a discussion on the supply period.

The statewide load cap is the maximum number of tranches of BGS-RSCP and/or BGS-CIEP Load that any one bidder can bid in the Auction(s) and serve statewide. The statewide load cap for the 2026 BGS-RSCP auction is 20 tranches, and the statewide load cap for the 2026 BGS-CIEP auction is 17 tranches.

All Pre-Auction security documents are required to be transmitted only via electronic means to the Auction Manager at BGS-Auction@nera.com.  Hardcopy Pre-Auction security documents will not be accepted.

A bidder cannot bid more in the first round of the Auction than its indicative offer at the maximum starting price (the number of tranches for which the bidder has submitted Pre-Auction Security as required by the Part 2 Application). While a bidder cannot bid more in the first round of the Auction than its indicative offer at the maximum starting price, a bidder can bid less than that amount, including submitting a bid for zero tranches.

No, cash is not acceptable as pre-auction security. Each Qualified Bidder in an auction must submit a Pre-Auction Letter of Credit (or Bid Bond) for that auction (either the BGS-CIEP Auction or the BGS-RSCP auction) with its Part 2 Application.

The expiry date must be at least sixty (60) calendar days from date of issuance of the BGS Pre-Auction Letter of Credit. The date of issuance is expected to be no earlier than the Notification of Qualification date, namely on or after December 19, 2025.

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