FAQs
Applications
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FAQ-302:
If a bidder chooses to sign the Inserts using a digital signature, does the bidder have to use DocuSign or Adobe Sign?
When an Insert requires a signature, it must be completed either by: (i) printing, signing, and scanning the Insert; or by: (ii) digitally signing the Insert and providing along with the Insert an additional document or information that verifies the identity of the signatory. Additional documentation or information may include: (i) a certificate of completion if the signatory uses DocuSign; (ii) a Final Audit Report if the signatory uses Adobe Sign; (iii) evidence that the digital signature has been certified by the signatory using a document signing certificate; or (iv) other documentation or information produced by a commercially available software that can be used by the Auction Manager to verify the identity of the signatory. Digital signatures without a document or information verifying the identity of the signatory are not acceptable; signature images and other electronic signatures are not acceptable. In some cases, it will be required that the signature of an Insert that is not digitally signed be notarized.Please see the “Guide to Providing Digital Signatures” document on the Documents page on the CBP website here for more information.
10/06/2023 in Applications
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FAQ-282:
Which previously submitted documentation and information for the Part 1 Application is retained by the Auction Manager for bidders that have qualified in a prior Auction under this CBP?
All Applicants, both new bidders and those bidders that have qualified in a prior Auction under this CBP, must complete the Part 1 Application in its entirety. This consists of completing the online Part 1 Form and uploading to the online Part 1 Form any required documents and Inserts. Additional information surrounding the requirements of the Part 1 Application can be found in Article IV of the CBP Rules.Previously submitted documentation and information related to an Applicant’s Legal Representative in Ohio, including the Legal Representative Insert (#P1-4), is retained for bidders that have qualified in a prior auction under this CBP for AEP Ohio. However, if the name of the Applicant’s Legal Representative in Ohio does not match the documentation and information retained by the Auction Manager, the Auction Manager will require additional information from the Bidder. Additionally, previously submitted information and documentation demonstrating that the Applicant is qualified by a PJM as a “Market Buyer” and “Market Seller” and a PJM “Load Serving Entity is also retained for returning bidders. However, if the Applicant has more recent documentation related to its status with PJM, the Applicant must provide such documentation.
09/27/2022 in Applications
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FAQ-281:
How much pre-bid security is required to participate in the auction?
Each Qualified Bidder must post pre-bid security sufficient to support its indicative offer at the maximum starting price. For the November 2022 auction, a bidder must provide 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. No additional pre-bid security is required for the November 2022 auction.
09/22/2022 in Applications
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FAQ-263:
Is it acceptable to use DocuSign to complete documents required by the Part 1 Application?
Digital signatures using commercially available software such as DocuSign are acceptable as long as the digital signature is submitted with an accompanying document or information verifying the identity of the signatory (such as the Certificate of Completion if using DocuSign).Applicants complete all required Inserts and upload them to the online Part 1 Form. Inserts may be:
- Printed, signed (with the signature notarized if required), and scanned; or
- Submitted with an acceptable digital signature and a document or information verifying the identity of the signatory (digital signatures are not required to be notarized).
Electronic signatures (e.g., a picture of a signature as opposed to a digital signature entered through commercial software such as that offered by DocuSign) are not acceptable.
A Guide for Providing Digital Signatures is available on the Documents page of the CBP website.
01/19/2022 in Applications
- Printed, signed (with the signature notarized if required), and scanned; or
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FAQ-254:
Is it a requirement that the title of the individual signing the Representative Designation Insert (#P1-1) include the word "officer" or "director"?
An officer or director of the Applicant designates an individual (called the “Representative”) to represent the Applicant in the auction. The Representative is the only person authorized to designate a person other than himself or herself to submit bids in the auction. The officer or director of the Applicant must designate the Applicant’s Representative by completing the Representative Designation Insert (#P1-1). The certification must be signed by the officer or director. The person making this certification cannot be the Representative or any of the Nominees. It is not a requirement that the individual making this certification have the word “officer” or “director” in their title; however, the individual must certify that they are an officer or director of the Applicant, empowered to undertake contracts and bind the Applicant.The Representative Designation Insert (#P1-1) is available on the application website.
09/30/2021 in Applications
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FAQ-240:
Can bidders propose modifications to the Pre-Bid Letter of Credit for the upcoming March 2021 Auction?
For the March 2021 Auction, bidders have the opportunity to propose modifications to the Pre-Bid Letter of Credit with their Part 1 Application. The deadline to propose modifications to the Pre-Bid Letter of Credit has passed. The list of Final Acceptable Modifications to the Pre-Bid Security Documents is available on the Documents page of the CBP website.
02/08/2021 in Applications
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FAQ-232:
Does AEP Ohio accept cash as a form of pre-bid security?
Yes. In the Part 2 Application, each Qualified Bidder is required to post pre-bid security in an amount of $500,000 per tranche of the indicative offer at the maximum starting price in the form of a pre-bid letter of credit or in the form of cash. Please refer to Section IV.2.9 of the CPB Rules available on the Documents page of the CBP website for more information regarding the pre-bid security requirement.
10/09/2020 in Applications
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FAQ-230:
May we submit proposed modifications to the Form of SSO Supplier Letter of Credit for the November 2020 Auction?
There is no comment process for the Form of SSO Supplier Letter of Credit at this time. The list of acceptable modifications to the SSO Supplier Letter of Credit is available on the Documents page of the CBP website and contains a list of modifications to the SSO Supplier Letter of Credit that are acceptable to AEP Ohio on an optional basis.
09/30/2020 in Applications
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FAQ-229:
Will bidders be required to submit additional pre-bid security in the November 2020 Auction?
For the November 2020 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 2020 Auction.
09/24/2020 in Applications
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FAQ-219:
Can you explain the pre-bid security requirements for the March 2020 Auction?
For the March 2020 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.
02/19/2020 in Applications
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