FAQs
Supply Agreement
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FAQ-216:
Can you please explain Section 2.4 of the Master SSO Supply Agreement? What does “ESP” stand for in this clause?
Each bidder and the bidder’s counsel are obligated to review the Master SSO Supply Agreement. “ESP” is a common term used by Public Utilities Commission and references “Electric Security Plan”. Section 2.4 provides for a termination right on the part of AEP Ohio. AEP Ohio’s current ESP is currently set to expire as of May 31, 2024, subject to change. Information on the AEP Ohio ESP is available from the PUCO website.
10/31/2019 in Supply Agreement
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FAQ-213:
We are a previous SSO Supplier (our Master SSO Agreement has expired). We were previously relying on the financial standing of a guarantor. If we win at the upcoming Auction, are we able to use our existing guaranty or are we required to provide a new Guaranty?
Section 5 of the form of Guaranty provides:- 5.Termination. This Guaranty is intended to be and shall be construed to be a continuing, absolute and unconditional guaranty, and shall remain in full force and effect until all Obligations have been fully and finally performed, at which point it will expire.
As a result, if the SSO Supplier is currently not providing service under an earlier Master SSO Agreement, then the guaranty has expired by its own terms, and new documents would be required.
10/22/2019 in Supply Agreement
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FAQ-211:
Can you provide a redline that shows the changes in the Master SSO Supply Agreement between the version used for the March 2019 Auction and the one used for the November 2018 Auction?
The Master SSO Supply Agreement for the March 2019 Auction has not changed from the November 2018 Auction and thus a redline will not be provided.
02/15/2019 in Supply Agreement
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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
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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
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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
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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-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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FAQ-193:
What are the terms (e.g., 12-month, 24-month, or 36-month) of the products being procured in the November 2018 Auction?
The November 2018 Auction will only be procuring a 12-month product for the delivery period June 1, 2019-May 31, 2020. Details on the available products for each auction can be found on Calendar – Auction Schedule and Product Terms page of the CBP website.
09/13/2018 in Supply Agreement
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FAQ-192:
For settlement purposes, what is the delivery point under the Master SSO Supply Agreement under AEP Ohio’s ESP IV?
For settlement purposes, the delivery point under the Master SSO Supply Agreement under AEP Ohio’s ESP IV is Pnode ID 1269364670, AEPOHIO_RESID_AGG, which is the aggregate AEP Ohio zone. For more information, please see PJM's website: https://www.pjm.com/markets-and-operations/energy/lmp-model-info.aspx
09/13/2018 in Supply Agreement
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