FAQs
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FAQ-204:
Is there a comment process for the Form of SSO Supplier Letter Of Credit for the March 2019 Auction?
There is no comment process for the Form of SSO Supplier Letter of Credit at this time. A list of acceptable modifications to the SSO Supplier Letter of Credit is posted to the CBP website and dated December 20, 2018.
01/11/2019 in Supply Agreement , Applications
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FAQ-203:
Section 8.2(a) of the Master SSO Supply Agreement requires each supplier to represent and warrant to AEP Ohio that “if organized outside the State of Ohio, [it] is qualified to conduct its business and is in good standing in Ohio”. Section 1.4 of the Part 1 Form requires each bidder to retain a Legal Representative in Ohio that is authorized and agrees to receive service of process on behalf of the bidder.For an Applicant organized outside the State of Ohio, is fulfilling the provisions from Section 1.4 of the Part 1 Form sufficient to meet the requirements in Section 8.2(a) of the Master SSO Supplier Agreement?
The provisions from Part 1.4 of the Part 1 Form regarding a bidder/supplier having a Legal Representative in Ohio that is authorized and agrees to receive service of process on behalf of the bidder are separate from and not related to whether a foreign corporation (organized outside of Ohio) has qualified itself to conduct business in Ohio and is in Good Standing. The Ohio Secretary of State can issue Certificates of Good Standing for foreign corporations after a license has been obtained. You should discuss and review these requirements with your legal counsel.You and your counsel can find more details about the requirements for foreign corporations in the Ohio Revised Code at the following link: http://codes.ohio.gov/orc/1703.
01/11/2019 in Supply Agreement , Applications
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FAQ-202:
Does the officer signing the Master SSO Supply Agreement need to be the same officer who signed documents during Part 1 and Part 2 applications?
No. Once the Commission accepts the results of the auction, winning bidders will be contacted directly by AEP Ohio for the execution of the Master SSO Supplier Agreement. The officer signing the Master SSO Supplier Agreement does not need to be the one signing documents during Part 1 and Part 2 applications.
01/04/2019 in Supply Agreement , Applications
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FAQ-201:
Can AEP Ohio provide a valid Ohio Sales and Use Tax resale exemption certificate or direct pay permit?
AEP Ohio provides such material (exemption certificate or direct pay permit) upon request of an SSO Supplier who has executed an SSO Supply Agreement.
11/09/2018 in Supply Agreement
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FAQ-200:
Is the Capacity Peak Load Contributions (PLCs) data posted on the CBP website weather normalized and scaled by the Daily Zonal Scaling Factor?
The PLC data posted is scaled to the zonal weather normalized coincident summer peaks.
11/09/2018 in Data
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FAQ-199:
Can I change the nominees to receive electronic communication from the Auction Manger after the Part 2 Window closes? How can I do that?
The Representative of a bidder can use the Designation of Nominees Insert (#P1-3) at any time to provide contact information for up to three (3) Nominees to be included in electronic communications from the Auction Manger in addition to the Representative him/herself. Please resubmit the Nominee Insert by email to the Auction Manager with the updated contact information.
10/29/2018 in Applications
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FAQ-198:
For the November 2018 Auction, if a bidder is relying on the financial standing of a guarantor, can the bidder submit a “letter of intent to provide a guaranty” to meet the additional pre-bid security requirement?
For the November 2018 Auction, the amount of pre-bid security required is $500,000 per tranche. No additional pre-bid security is required for any bidder. As stated in Paragraph IV.2.9. of the CBP Rules, a bidder that relies on the financial standing of a guarantor may submit a “letter of intent to provide a guaranty” to meet the additional pre-bid security requirement when the maximum amount of pre-bid security required per tranche exceeds $500,000. This is not applicable to the November 2018 Auction.
10/29/2018 in Credit , Applications
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FAQ-197:
How do I calculate the amount of pre-bid security required with the Part 2 Application? Can I use the amount of the Independent Credit Threshold to reduce the amount of pre-bid security I am required to post with the Part 2 Application?
The Independent Credit Threshold (“ICT”) was provided to you so that you would be aware of the ICT that could be granted to you under the terms of the Master SSO Supply Agreement. There is no unsecured credit granted for pre-bid security purposes.For pre-bid security, the amount you have to provide with the Part 2 Application in the November 2018 Auction is $500,000 times the number of tranches in your indicative offer at the maximum starting price. You may submit cash or a letter of credit as pre-bid security. If using a pre-bid letter of credit, you must use the standard “Pre-Bid Letter of Credit” posted to the CBP website dated August 14, 2018 or include only those modifications listed in the Acceptable Modifications to Pre-Bid Security Documents dated October 9, 2018.
10/15/2018 in Credit , Applications
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FAQ-196:
For the November 2018 Auction, if a bidder is relying on its own financial standing but does not have sufficient unsecured credit, can the bidder submit a “letter of reference” to meet the additional pre-bid security requirement?
For the November 2018 Auction, the amount of pre-bid security required is $500,000 per tranche. No additional pre-bid security is required for any bidder. As stated in Paragraph IV.2.9. of the CBP Rules, a bidder that relies on its own financial standing and that does not have sufficient unsecured credit may submit a “letter of reference” to meet the additional pre-bid security requirement when the maximum amount of pre-bid security required per tranche exceeds $500,000. This is not applicable to the November 2018 Auction.
10/02/2018 in Credit , Applications
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FAQ-194:
Can you provide the Master SSO Supply Agreement in Microsoft Word Format?
AEP Ohio makes the Master SSO Supply Agreement available in PDF Format to bidders so that each bidder can review the terms and accept such terms as required by the Part 1 Application. AEP Ohio is solely responsible for the preparation of the Master SSO Supplier Agreement and thus AEP Ohio does not make this document available in Microsoft Word Format.
09/25/2018 in Supply Agreement
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