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Frequently Asked Questions - Topics - Pre-Auction Security

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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 (6)
Association and Confidential Information Rules (51)
Auction Rules (2)
Data (5)
General (15)
Pre-Auction Security (7)
Rates (1)
Renewable Portfolio Standards (2)
Supplier Master Agreement  (7)

Pre-Auction Security
FAQ-95. 

How should Pre-Auction Security documents, including the Pre-Auction Letter of Credit, Letter of Reference, Letter of Intent to Provide a Guaranty, and Bid Bond, be provided?

All Pre-Auction security documents are required to be... Read Answer

12/19/2025.
FAQ-93. 

Is cash an acceptable form of pre-auction security?

No, cash is not acceptable as pre-auction security. Each... Read Answer

12/19/2025.
FAQ-92. 

When should the expiry date be for the BGS Pre-Auction Letter of Credit?

The expiry date must be at least sixty (60) calendar days... Read Answer

12/19/2025.
FAQ-91. 

Does a winning supplier execute a new BGS Supplier Master Agreement every year or can new tranches won this year fall under the terms of the BGS Supplier Master Agreement that we previously signed with an EDC?

A new BGS Supplier Master Agreement is used every year... Read Answer

12/19/2025.
FAQ-85. 

Will the EDCs review a draft Pre-Auction Letter of Credit prior to our bank issuing such document?

With the Part 2 Application, bidders must submit their... Read Answer

12/4/2025.
FAQ-29. 

Which email address should we use in Paragraph 12 of the Pre-Auction Letters of Credit?

The BGS Auction Manager’s email, ... Read Answer

11/21/2025.
FAQ-24. 

Does a Bidder’s Pre-Bid Letter of Credit remain active between BGS Auctions?

The Pre-Auction Letter of Credit does not remain active... Read Answer

11/3/2025.
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