FAQs
Supply Agreement
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FAQ-303:
Can you please provide a redline document comparing the Master SSO Supply Agreement for the November 2023 Auction to that of the March 2023 Auction?
The Master SSO Supply Agreement for the November 2023 Auction has not changed from the March 2023 Auction; thus, a redline will not be provided.
10/11/2023 in Supply Agreement
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FAQ-288:
Will an SSO Supplier under AEP Ohio’s ESP IV that has won tranches and executed the Master SSO Supply Agreement in a previous auction be required to execute a new Master SSO Supply Agreement should that SSO Supplier win tranches in the upcoming November 2022 Auction?
Under the CBP approved by the Commission as part of AEP Ohio’s ESP IV, a bidder must execute a new Master SSO Supply Agreement each time a bidder wins tranches in an auction under that ESP (assuming that the Commission accepts the results of the auction). A bidder may not amend an existing Master SSO Supply Agreement to reflect a bidder’s new or additional obligations.
10/04/2022 in Supply Agreement
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FAQ-259:
Will a bidder that's won tranches in a previous auction be required to execute a new Master SSO Supply Agreement should that bidder win tranches in the November 2021 Auction?
Under the CBP approved by the Commission as part of AEP Ohio’s Amended ESP III, a bidder must execute a new Master SSO Supply Agreement each time a bidder wins tranches in an auction under that ESP (assuming that the Commission accepts the results of the auction). A bidder may not amend an existing Master SSO Supply Agreement to reflect a bidder’s new or additional obligations.
10/25/2021 in Supply Agreement
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FAQ-257:
Can you please provide a redline document comparing the Master SSO Supply Agreement for the November 2021 Auction to that of the March 2021 Auction?
The Master SSO Supply Agreement for the November 2021 Auction has not changed from the March 2021 Auction and thus a redline will not be provided.
10/20/2021 in Supply Agreement
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FAQ-243:
Can you please provide redlines comparing the Master SSO Supply Agreement for the March 2021 Auction to that of the March 2020 Auction and the November 2020 Auction?
The Master SSO Supply Agreement for the March 2021 Auction has not changed from the November 2020 Auction or from the March 2020 Auction and thus a redline will not be provided.
02/22/2021 in Supply Agreement
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FAQ-234:
Can you please confirm the source of Forward Market Prices referenced in the Master SSO Supply Agreement?
As defined in the Master SSO Supply Agreement, “Forward Market Prices” means forward market prices for a specific geographic Market Price Hub, as adjusted by AEP Ohio to reflect impact of load shape. Forward Market Prices will be determined with reference to publicly available market price quotations obtained by AEP Ohio, as adjusted by AEP Ohio to more closely approximate the price impact of serving a slice-of-system product which reflects hourly variations due to customer usage patterns. Such adjustment is further described in Attachment C-2. However, if market price quotations are not publicly available, Forward Market Prices will be determined by AEP Ohio using any method which AEP Ohio deems appropriate and which reasonably reflects forward market pricing conditions in PJM.For more information, please see Article 5 of the Master SSO Supply Agreement and the C-2 Data Inputs are available on the Documents page of the CBP website.
10/28/2020 in Supply Agreement
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FAQ-228:
Can you please provide a redline document illustrating the changes between the March 2020 and November 2020 Master SSO Supply Agreement?
The Master SSO Supply Agreement for the November 2020 Auction has not changed from the March 2020 Auction and thus a redline will not be provided.
09/24/2020 in Supply Agreement
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FAQ-224:
Is a delay expected in regards to the PUCO decision on the auction results for the March 2020 Auction? In terms of timing for the execution of Master SSO Supply Agreement, will there be any flexibility regarding when the documents must be signed? Are electronic signatures accepted for the contract documents?
The Commission meeting on March 25, 2020 remains scheduled. Additional information on the Commission’s operations during the declared state of emergency is available under Case number 20-591-AU-UNC here.The post-auction timeline is provided in Section 4 of the Bidder User Manual. Each winning bidder and AEP Ohio must execute the Master Standard Service Offer (“SSO”) Supply Agreement within three (3) days of acceptance of the results by the Commission and each winning bidder must demonstrate compliance with the creditworthiness requirements of the Master SSO Supply Agreement.
As provided in Section 4, three days after Commission accepts results, each winning supplier should be prepared to do the following:
- print and execute both the signature page (p. 52) of the Master SSO Supply Agreement and Attachment A.
- send electronically scanned executed documents to AEP Ohio.
- deliver credit instrument (guaranty, letter of credit, or cash) to fulfill the creditworthiness requirements of the Master SSO Supply Agreement.
AEP Ohio and winning bidders will exchange hardcopy originals of the signature pages as soon as practicable.
03/23/2020 in Supply Agreement
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FAQ-221:
Paragraph 1 of the Form of Guaranty, appended as Attachment D to the Master SSO Supply Agreement, has a blank to fill in a “not to exceed” amount. How is this amount calculated when the Master SSO Supply Agreement is first signed?
A guarantor would be expected to execute two guarantys, one (the “ICT Guaranty”) to cover the Independent Credit Requirement and another (the “Total Exposure Amount Guaranty”) to cover the Total Exposure Amount, as these terms are defined in the Master SSO Supply Agreement.Attachment C-1 to the Master SSO Supply Agreement provides, in every month of the delivery period, the Independent Credit Requirement per tranche for a 12-month, a 24-month, and a 36-month tranche. The amount of the ICT Guaranty would not be expected to exceed the Independent Credit Requirement across all tranches won for Month 1 of the delivery period (calculated on the basis of the number of tranches of each duration won and the Independent Credit Requirement per tranche of each duration provided in Attachment C-1).
The Total Exposure Amount is calculated daily and may be zero when the Master SSO Supply Agreement is first signed. As such, there is no standard amount that would be used when the Master SSO Supply Agreement is first signed.
02/19/2020 in Supply Agreement
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FAQ-220:
Is the pre-bid security that we provide with the Part 2 Application returned after the auction or is the pre-bid security used as performance assurance under the terms of the Master SSO Supply Agreement?
Any pre-bid letter of credit submitted with the Part 2 Application will be cancelled and cannot be used as performance assurance under the terms of the Master SSO Supply Agreement. If a supplier submits cash as pre-bid security and the supplier wins tranches at the auction, the supplier may make a request to AEP Ohio to use a portion or the entirety of the cash deposit as performance assurance under the terms of the Master SSO Supply Agreement.
02/19/2020 in Supply Agreement
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