By the time service begins, each BGS-RSCP Supplier and each BGS-CIEP Supplier must be (i) a member of PJM, (ii) must meet all applicable obligations that PJM ascribes to an LSE, and (iii) must be a signatory of the PJM Reliability Assurance Agreement as amended and/or superseded. In the Part 2 Application, a Qualified Bidder that, at the time of submission of the Part 1 Application, was not a member of PJM, did not meet all obligations that PJM ascribes to an LSE, and was not a signatory of the PJM Reliability Assurance Agreement will be required to provide evidence that either it has since satisfied requirements (i) – (iii) described above, or that it has submitted to PJM all documents required for enrollment to become a member of PJM including all documents required by PJM to meet all applicable obligations that PJM ascribes to an LSE, and that PJM has begun its review of said documents.

If the Qualified Bidder has, since submitting its Part 1 Application, become a PJM LSE, the Qualified Bidder will be required to provide with its Part 2 Application materials a copy of the signature page of the PJM Reliability Assurance Agreement and any name change documentation as applicable.  If at the time of submitting the Part 2 Application the Qualified Bidder is still not yet a PJM member and PJM LSE, the Qualified Bidder will be required to provide evidence that PJM has started its review of the Qualified Bidder’s documents required for enrollment to become a member of PJM and a PJM LSE.  Such evidence includes, but is not limited to, communication, such as an email, from PJM demonstrating that the Qualified Bidder has submitted to PJM all required documents needed to become a PJM LSE, and that PJM has begun its review of said documents.

For JCP&L, the following file does 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. 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. Capacity PLA data and transmission NSPL values for all JCP&L data prior to June 1, 2017 are already scaled and do not need to be adjusted.

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. 

JCP&L has confirmed that beginning August 1, 2022, the excess generation data reported in the BGS Data Room does not need to be summed with the corresponding load data in order to develop JCP&L load data consistent with how JCP&L load is reported to PJM for settlements purposes.

For data prior to August 1, 2022, to develop JCP&L load data that is consistent with how JCP&L load has been reported to PJM for settlement purposes, sum the excess generation with the load reported in the BGS Data Room. This calculation can also be used to develop JCP&L total hourly BGS Load, JCP&L total retail hourly load, and BGS-CIEP hourly load net of excess generation.  To develop BGS-RSCP hourly load (for data prior to August 1, 2022), first subtract the developed BGS-CIEP load data from the developed Total BGS load data, then sum this value with the Total Retail Hourly excess generation data.

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

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 20, 2024.

A new BGS Supplier Master Agreement is used every year between a supplier and an EDC for which the supplier has won tranches at the auction, regardless of whether the supplier is a current or past BGS supplier for that EDC. After the 2025 BGS Auctions, if the New Jersey Board of Public Utilities approves the results of the auctions, all suppliers with winning tranches for an EDC will be required to execute the final 2025 BGS Supplier Master Agreement with that EDC.

It depends on the certification. Some certifications of the Part 2 Applications are required for a Qualified Bidder to become a Registered Bidder. For example, a Qualified Bidder must certify that, other than agreements disclosed in the Part 1 Application, the Qualified Bidder has not entered into any agreement with any other Qualified Bidder regarding participation in the auction for which it is applying. If a Qualified Bidder is unable to make this certification, the Qualified Bidder will not be able to participate in the Auction.

Other certifications of the Part 2 Application allow the Qualified Bidder to make an information disclosure to explain why it is unable to make a certain certification. For example, a Qualified Bidder that is unable to certify that it is not associated with any other Qualified Bidder will be asked to identify the Qualified Bidder(s) with which it is associated, and will be asked to describe the nature of the association. If a Qualified Bidder makes such a disclosure because it cannot make one of the certifications in the Part 2 Application, this disclosure will be considered when the Part 2 Application is processed. The Auction Manager may require additional information and will decide on a course of action on a case-by-case basis to preserve the competitiveness and integrity of the Auction. This course of action could include allowing the Qualified Bidder to complete the Part 2 Application successfully without additional undertakings, could include requiring additional undertakings as a condition for the successful completion of the Part 2 Application and for participation in the Auction, or could include rejection of the Part 2 Application.

There is no requirement for the bank issuing the Pre-Auction Letter of Credit to be the same as the bank that issues any letter of reference. Both the Pre-Auction Letter of Credit and the Sample Letters of Reference, however, require that the issuing bank have an unsecured debt rating of “A” from Standard & Poor’s or “A2” from Moody’s. Furthermore, the Pre-Auction Letter of Credit 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. 

With the Part 2 Application, bidders must submit their executed Pre-Auction Letters of Credit. The EDCs do not provide courtesy reviews of draft documents. Bidders must use the final version of the Pre-Auction Letter of Credit or include only modifications that are acceptable to the EDCs on an optional basis as posted to the BGS Auction website. The list of modifications acceptable to the EDCs on an optional basis is available in the document entitled “Final Acceptable Modifications to Pre-Auction Letter of Credit” posted to the Application Process page of the “bidder info” tab.