BGS Auction brandmark
Frequently Asked Questions - #67

Your use of this page (site) constitutes an acceptance of the Terms as described in the disclaimer.



Entity A’s parent company has plans to merge or to combine with another company.  This other company has a subsidiary, Entity B, which is also active in trading and marketing power in PJM.  Suppose that:

a) Entities A and B become Qualified Bidders in the auction; 

b) both Entities submit a Part 2 Application in which each certifies that it is not associated with the other; and

c) the merger closes after both Entities have submitted the Part 2 Application. 

Would the Entities be able to submit supplemental information to the Auction Manager and possibly register to bid in the auction if the merger closes before the Part 2 Application deadline?

Yes.  When the merger closes, the Entities will become associated.   If the association is created after Entities A and B have submitted their Part 2 Applications but before the Part 2 Application deadline, the Auction Manager would consider any supplemental information submitted by Entities A and B as a consequence of the creation of the association. 

11/15/2021, in Association and Confidential Information Rules.

What's New