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Important Dates:

• Tue 1/7/2025 - Bidder Information Session
• Tue 1/7/2025 - Auction Manager announces tranche targets, tranche size, MW-measure
• Thu 1/9/2025 - Part 1 Window opens
• Mon 1/13/2025 - Auction Manager announces minimum and maximum starting prices
• Fri 1/24/2025 - Part 1 Applications are due

Recent Announcements:

• 12/10/2024 - ANNOUNCEMENT: March 2025 Auction Documents Posted to the CBP Website; RSVP for Webcast on January 7, 2025

FAQs

Supply Agreement

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• FAQ-310:
  Since LIBOR is no longer a published rate, what is now being used to calculate the Mark-to-Market Exposure Amount as referenced in Section 5.5 of the Master SSO Supply Agreement?
  
  As of June 2023, AEP Ohio has moved to using a SOFR-based discount curve for the mark-to-market exposure calculation.
  
  10/17/2024 in Supply Agreement
  
  
• FAQ-306:
  Are suppliers responsible for NITS charges?
  
  Each winning bidder will be responsible for fulfilling all the requirements of an LSE for the portion of AEP Ohio’s SSO supply that it serves, including, without limitation, energy, capacity, ancillary services, market-based transmission service (excluding NITS), and any other service as required by PJM. AEP Ohio will provide distribution services and will be responsible for NITS charges and for other non-market-based FERC approved transmission charges. 

  Please note that the Master SSO Supply Agreement provides further and full details on the obligations of the SSO Supplier. Additionally, Attachment F of the Master SSO Supply Agreement provides a sample PJM invoice that lists PJM billing statement line items and the party responsible for such line items (the EDC or the SSO supplier).
  
  01/22/2024 in Supply Agreement
  
  

• FAQ-305:
  Is there a formal process managed by the Auction Manager or AEP Ohio under the competitive bidding process for stakeholders to propose modifications or request changes to the Master SSO Supply Agreement?
  
  On January 6, 2023, AEP Ohio filed an Application seeking to implement its fifth Electric Security Plan (“ESP V”) for a period to commence on June 1, 2024 and end on May 31, 2030 (Case No. 23-23-ELSSO). On September 6, 2023, AEP Ohio and other parties to the proceeding filed a Joint Stipulation and Recommendation (“Stipulation”) recommending that the Commission approve AEP Ohio’s application as modified by the Stipulation. The Stipulation, among other things, modified the term of ESP V to commence on June 1, 2024 and end on May 31, 2028. This proceeding is ongoing as AEP Ohio’s Application and Stipulation are still under consideration by the Commission.

  Regarding the November 2023 Auction, on September 15, 2023, AEP Ohio filed a Motion for Interim Relief to conduct a November 2023 Auction consistent with the competitive bidding process approved in AEP Ohio’s ESP IV (“Motion for Interim Relief”). On September 20, 2023, the Commission issued an Entry approving AEP Ohio’s Motion for Interim Relief to hold a November 2023 auction. The terms of and process for qualifying as a supplier under the Master SSO Supply Agreement were previously established and approved by the Commission when AEP Ohio’s ESP IV was approved and AEP Ohio is not able to make modifications to the Master SSO Supply Agreement for this November 2023 Auction as it must use the Master SSO Supply Agreement approved thereunder.

  AEP Ohio’s Application for ESP V provides details regarding future auctions in 2024 and beyond and remains under consideration by the Commission. Details of the ESP V Application and Stipulation are available at the Commission’s website. There is no formal process managed by the Auction Manager or AEP Ohio under the competitive bidding process for stakeholders to propose modifications to or request changes to the Master SSO Supply Agreement.
  
  10/27/2023 in Supply Agreement
  
  

• FAQ-304:
  Is it possible to propose changes to the Master SSO Supply Agreement for the November 2023 Auction?
  
  On January 6, 2023, AEP Ohio filed an Application seeking to implement its fifth Electric Security Plan (“ESP V”) for a period to commence on June 1, 2024 (Case No. 23-23-EL-SSO). On September 6, 2023, AEP Ohio and other parties to the proceeding filed a Joint Stipulation and Recommendation (“Stipulation”) recommending that the Commission approve AEP Ohio’s application as modified by the Stipulation. As AEP Ohio’s Application and Stipulation are still being considered, on September 15, 2023, AEP Ohio filed a Motion for Interim Relief to conduct a November 2023 auction consistent with the competitive bidding process approved in AEP Ohio’s ESP IV (“Motion for Interim Relief”). On September 20, 2023, the Commission issued an Entry approving AEP Ohio’s Motion for Interim Relief to hold a November 2023 auction consistent with AEP Ohio’s ESP IV.

  Documents governing the November 2023 Auction (including the Master SSO Supply Agreement) were made available on the Information - Documents page of the CBP website on October 4, 2023. The Master SSO Supply Agreement is made available to bidders so that each bidder can review the terms and accept such terms as required by the Part 1 Application. Following the auction, if the Commission accepts the results of the results, winning bidders must execute the Master SSO Supply Agreement within three (3) days of Commission acceptance of the results. Modifications to the Master SSO Supply Agreement cannot be considered for this November 2023 Auction as the form of the Master SSO Supply Agreement for this November 2023 Auction must be consistent with the form of the Master SSO Supply Agreement approved under AEP Ohio’s ESP IV.
  
  10/18/2023 in Supply Agreement
  
  

• 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
  
  
• 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
  
  
• 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
  
  

• 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
  
  
• 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
  
  
• 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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This website contains information related to the procurement of electric energy supply for AEP Ohio and is intended as a general reference source for all prospective energy supply participants. The site contains descriptions and summaries of documents and information for general background and convenience only. Prospective participants and other interested parties should review complete copies of the relevant documents (also found on this website) and should obtain independent advice before making decisions concerning any CBP.

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