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Frequently Asked Questions - Topics - Credit

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Answers to Frequently Asked Questions are provided in this section. 

The first posting of FAQs is in August. The last posting of FAQs is in the latter part of January, after bidders are registered to participate in the Auctions. From that point, questions and answers are emailed directly to Registered Bidders and are not posted to the BGS Auction website. Questions that are not from Registered Bidders or their advisors are answered strictly as time permits.

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Application (5)
Association and Confidential Information Rules (49)
Credit (3)
Data (2)
General (10)
Pre-Auction Security (1)
Rates (1)
Renewable Portfolio Standards (1)
Supplier Master Agreement  (4)



We would like to rely on the financial standing of a Guarantor. What are the minimum requirements for the Guarantor to receive unsecured credit under the BGS Supplier Master Agreements? Are we able to change the entity on whose financial standing we are relying after the Part 1 Date? 

An applicant wishing to rely on the financial standing of a... Read Answer



We proposed modifications to the Pre-Auction and Post-Auction Letters of Credit in a prior BGS Auction.  Do we need to resubmit these modifications for consideration during the current process? 

If the modifications that you previously proposed appear in... Read Answer



Appendix B of the BGS-RSCP Supplier Master Agreement (“BGS-RSCP SMA”) provides a description of the mark-to-market (“MtM”) exposure amount calculation and mentions the use of broker quotes. Can you provide further details as to how broker quotes are used to calculate the forward market prices for purposes of the MtM methodology?

Forward market prices are calculated using data from... Read Answer


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