FAQs
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FAQ-171:
What is the tentative date of the March auction?
The tentative date for the March auction is March 6, 2018. The schedule for future auctions including expected application deadlines and other key dates, is now posted to the Calendar page.
11/20/2017 in Other/General
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FAQ-170:
What are the seasonal factors for the November 2017 Auction?
As announced on October 30, 2017, the seasonal factors are: 1.000 for summer (June to September) and 1.000 for non-summer (October to May) for the November 2017 Auction.
11/20/2017 in Supply Agreement
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FAQ-169:
Have the daily PLC data after June 1, 2017 posted to the CBP website in the file “AEP Ohio PLC Report – October 2017.xls” been weather normalized?
The daily PLC data has been weather normalized starting June 1, 2015. The Weather Normalization Factor of 2.18% will be applied to the data beginning on June 1, 2017. This information is publicly available on page 9 of the Ohio Choice Market Settlement Policies & Procedures.
11/17/2017 in Data
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FAQ-167:
Can you please provide detailed PLC data for Residential, Small Commercial and Large Commercial customers separately?
Data in the AEP Data Room is updated monthly on or before the 20th of each month. The Data Room contains the most up-to-date information available for the data series that are updated monthly. Detailed PLC data by customer groups is not available.
11/08/2017 in Data
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FAQ-166:
Is the SSO Supplier responsible for Uncounted For Energy (UFE)?
Each SSO Supplier is responsible for a load obligation share of system Uncounted For Energy (UFE). The hourly load data series updated monthly in the Data Room include UFE.
11/08/2017 in Supply Agreement
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FAQ-163:
Do we need to provide a letter of reference if we are submitting a Letter of Credit for the full amount of pre-bid security required?
If you provide pre-bid security in the form of cash or a letter of credit in an amount of $800,000 per tranche of the indicative offer at the maximum starting price, you are not required to provide a letter of reference.
11/08/2017 in Credit , Applications
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FAQ-162:
For purpose of part 2 application, can you evaluate our draft Pre-Bid Letter of Credit before the bank issues an executed Pre-Bid Letter of Credit? Where can I find a list of acceptable modifications to the standard pre-bid letter of credit?
While comments to the Pre-Bid Letter of Credit are considered during the Part 1 Application process, AEP Ohio and the CBP Auction Manager only review executed Pre-Bid Letters of Credit during the Part 2 Window and do not review drafts. Please kindly refer to the final list of acceptable modifications to the Pre-Bid Security Documents for the November 2017 Auction posted to the CBP website under the Information – Document page on October 25, 2017 to check that the modifications to the standard format made by your bank are all on the list of modifications that are acceptable to AEP Ohio.
10/31/2017 in Credit , Applications
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FAQ-161:
What is the amount of pre-bid security required for each tranche for the November 2017 Auction?
For the November 2017 Auction, the amount of pre-bid security required is $800,000 per tranche. As stated in Paragraph IV.2.9. of the CBP Rules:- Each bidder must post a pre-bid letter of credit or cash in an amount of $500,000 per tranche of the bidder’s indicative offer at the maximum starting price;
- A bidder that relies on the financial standing of a guarantor must, in addition to a pre-bid letter of credit or cash, provide a “letter of intent to provide a guaranty” in an amount of an additional $300,000 per tranche of the bidder’s indicative offer at the maximum starting price; and
- A bidder that relies on its own financial standing and that does not have sufficient unsecured credit must submit a letter of reference in an amount of an additional $300,000 per tranche of the bidder’s indicative offer at the maximum starting price.
The form of pre-bid security required is provided to each bidder in Attachment 2 of the bidder’s Part 1 Notification. A bidder always has the option of increasing the amount of the pre-bid letter of credit or cash to $800,000 per tranche rather than providing a letter of intent to provide a guaranty or a letter of reference.
10/27/2017 in Credit , Applications
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FAQ-160:
What is the maximum number of tranches that a company can qualify to bid in the November 2017 Auction?
If a credit-based tranche cap is applicable to the bidder, then the maximum number of tranches that a company can qualify to bid is its credit-based tranche cap. Attachment 2 of the Part 1 Notification states whether a bidder is under a credit-based tranche cap; such credit-based tranche cap is set in accordance to Paragraph IV.1.2 and Table 2 of the CBP Rules.If the bidder is not under a credit-based tranche cap, then the maximum number of tranches that a company can qualify to bid is the load cap, which is 40 tranches in the November 2017 auction.
10/27/2017 in CBP Rules
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FAQ-159:
Is the load cap the same for all bidders or does the load cap take into consideration tranches previously awarded and outstanding?
The load cap is set each auction and is a maximum that any one bidder can bid and win in the auction. The load cap is the same for all bidders and is not individualized to take into consideration tranches previously awarded and outstanding.
10/27/2017 in CBP Rules
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