Connecticut Administrative Code
Title 16 - Public Service Companies
244c - Competitive Bidding Process for Electric Distribution Companies' Procurement of Default and Back-up Electric Generation Services
Section 16-244c-8 - Content and format of bids
Universal Citation: CT Reg of State Agencies 16-244c-8
Current through September 9, 2024
(a) Each bidder shall use all reasonable efforts to conform and comply with any bid format specified or required by the department or the auction agent.
(b) Notwithstanding subsection (a) of this section, each bid shall contain, at minimum, the following:
(1) The bidder's name and address;
(2) A bond, letter of credit or corporate
guarantee for funding of replacement generation service in the event that the
bidder fails to provide service. The proceeds of such bond, letter of credit or
corporate guarantee shall be equal to ten percent of the dollar value of the
bid and payable to the electric distribution company or companies to whom the
bidder would be obligated to provide service;
(3) Information concerning the bidder's
capacity and ability to coordinate with the billing agent and the affected
electric distribution companies;
(4) The bid parameters, including but not
limited to the following:
(A) whether the bid
is for default or back-up service or both;
(B) the name of the electric distribution
companies that the bidder wishes to serve;
(C) the types and amounts of electricity
services that the bidder wishes to provide;
(D) the proposed service period, which shall
not be more than 5 years;
(E) the
bid price, in accordance with the guidelines, specifications or formula set
forth by the department pursuant to section
16-244c-5(b)(6)
of the Regulations of Connecticut State Agencies; and
(F) any fixed or minimum charges;
and
(5) Any other
information required by the department.
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