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BGS Auction Proposal For the Period Starting June 1, 2009. Friday, October 3, 2008, Philadelphia, PA Thursday, October 9, 2008, Washington, DC. Agenda. Roles Prior BGS Auctions Overview of the EDCs’ Auction Proposal Product Definition and Business Opportunity PJM

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Bgs auction proposal for the period starting june 1 2009

BGS Auction Proposal

For the Period Starting June 1, 2009

Friday, October 3, 2008, Philadelphia, PA

Thursday, October 9, 2008, Washington, DC


Agenda
Agenda

  • Roles

  • Prior BGS Auctions

  • Overview of the EDCs’ Auction Proposal

  • Product Definition and Business Opportunity

  • PJM

  • Bidding in the Auction

  • Process and Timeline

  • BGS Information


Roles
Roles

BPU Staff consulted on policy decisions

EDCs responsible for major policy decisions

Auction

Manager

(Chantale LaCasse,

NERA) administers

the auction

Board Advisor monitors the auction process and advises BPU

BPU approval process is proposed to be limited to two business days

Auction results are binding on bidders and EDCs following BPU approval



Pending board approval the february 2009 auction would be the 8th bgs auction
Pending Board Approval, the February 2009 Auction Would Be the 8th BGS Auction

Two essential goals of the Auction Process:

  • To provide full-requirements Basic Generation Service (“BGS”) to customers at a cost consistent with market conditions

  • To enable the participation of energy trading and marketing companies by aggregating a portfolio of wholesale products and providing price-risk management services


Bgs auction proposal for the period starting june 1 2009

EDCs Have Held Two Concurrent Auctions: the 8th BGS Auction FP & CIEP

FP (Fixed Price) – Smaller & Mid-Sized Customers

  • 2005 onwards, one third of each EDC’s BGS-FP load is auctioned each year for a three-year supply period

  • The number of tranches was set so that one tranche was approximately 100 MW


Bgs auction proposal for the period starting june 1 2009

FP Auction - Final Prices the 8th BGS Auction

  • All prices for the BGS-FP Auction are “all-in” prices in ¢/kWh

  • 7 auction winners in 2005; 10 in 2006; 13 in 2007; 8 in 2008


Bgs auction proposal for the period starting june 1 2009

Second Auction for Larger Customers the 8th BGS Auction

CIEP (Commercial & Industrial Electric Pricing)– Larger Commercial & Industrial Customers

  • Single supply period (one year)

  • In 2008, the tranche size was changed from 25 MW to 75 MW (approx.)


Bgs auction proposal for the period starting june 1 2009

CIEP Auction – Final Prices the 8th BGS Auction

  • Final Auction price recorded in $/MW-day, with the exception of 2006 which determined the CIEP Standby Fee in $/MWh

  • Multiple auction winners each year


Bgs auction proposal for the period starting june 1 2009

Overview: The EDCs’ Proposal the 8th BGS Auction

for the 2009 BGS Auctions


Building blocks are the same as last year
Building Blocks Are the Same as Last Year the 8th BGS Auction

  • There is a single statewide process: offers for all BGS load (not already procured) solicited in one process

  • Products are full-requirements tranches: participants bid for the right to serve these tranches

  • Auction format is a Descending Clock Auction: prices tick down as long as more tranches bid than needed

  • Contingency plan: any supply not procured at auction to be purchased through PJM-administered markets

    The Board is expected to rule on all issues by mid-November 2008


One process two auctions
One Process, Two Auctions the 8th BGS Auction

  • Auctions are separate but concurrent

  • CIEP Auction: larger customers on hourly price plan

    • Auction determines a CIEP Price in $/MW-day

    • Suppliers bid to serve tranches at a given price

  • FP Auction: smaller and mid-sized customers on fixed price plan

    • Auction determines all-in price in ¢/kWh

    • Suppliers bid to serve tranches at a given price


Each auction has a single term and four products
Each Auction Has a Single Term and Four Products the 8th BGS Auction

  • BGS-CIEP Auction:

    • 1-year supply period:June 1, 2009 to May 31, 2010

    • 4 products:1-year tranche for each EDC

  • BGS-FP Auction:

    • 3-year supply period:June 1, 2009 to May 31, 2012

    • 4 products:3-year tranche for each EDC


Supplier payment based on auction prices

BGS-FP the 8th BGS Auction

Seasonal supplier payments:supplier receives the final auction price for a given product times an EDC-specific seasonal factor

e.g., in the summer (June 1 to September 30) 1.1 x auction price, to reflect higher summer cost and in the winter0.95 x auction price, to reflect lower winter cost

Supplier Payment Based on Auction Prices

BGS-CIEP

  • Supplier receives:

    • the auction-determined CIEP Price for the BGS-CIEP customers’ capacity obligation

    • an option fee (CIEP Standby Fee) levied on all CIEP customers at retail meter

    • the real-time PJM hourly price for energy at the EDC zone

    • a pre-determined EDC-specific ancillary service rate

    • a pre-determined EDC-specifictransmission rate


Bgs fp seasonal factors
BGS-FP Seasonal Factors the 8th BGS Auction

Each EDC has a summer and a winter factor used to translate the final auction price into the supplier payment rate by season


Customer rates based on auction prices

BGS-FP the 8th BGS Auction

Auction prices determine an average cost for each EDC

Seasonally-adjusted: average of winter and summer costs

Tranche-weighted: average of prices x appropriate seasonal factors for each term

Ratios translate average cost into rates:

All classes have seasonal rates

Some classes also have time-of-day rates

A retail margin may be imposed by the Board for some BGS-FP customers

Customer Rates Based on Auction Prices

BGS-CIEP

  • Auction determines a final CIEP Price which customers pay for their capacity obligation

  • Customers also pay

    • the real-time PJM hourly price for energy

    • a pre-determined EDC-specific ancillary services rate

    • a pre-determined EDC-specific transmission rate

    • the option fee (CIEP Standby Fee)

    • In addition, a retail margin may be imposed by the Board



Additional advantages to bgs suppliers are proposed by the edcs
Additional Advantages to BGS Suppliers are Proposed by the EDCs

PSE&G, JCP&L and ACE propose providing RECs to Suppliers to the extent feasible

  • PSE&G and JCP&L: on a pro-rata basis to BGS-FP Suppliers only

  • ACE: on a pro-rata basis to BGS-FP and BGS-CIEP Suppliers

  • Board has held that customers have paid for the renewable attributes of the committed supply for each EDC and therefore, this benefit should be returned to customers

  • The Board’s Order is no longer under appeal


Compliance with rps through recs

Compliance with Class I and II requirements must be demonstrated using RECs issued by PJM-EIS GATS. Exceptions: RECs based on Solar or electricity generated on a customer’s premise (“behind the meter RECs”) must be issued by the BPU

Suppliers must use PJM-EIS GATS to transfer RECs to the EDCs to meet their RPS requirements

Prior to using the PJM-EIS GATS, suppliers must register into GATS and open a Retail LSE Account

GATS Administrator is available to help suppliers through process:

For information and forms, see: www.pjm-eis.com

Phone: 610-666-2245; Fax: 610-771-4114

Compliance with RPS through RECs

  • BGS Suppliers are responsible for fulfilling RPS during supply period

  • New RPS rules will be published in New Jersey Register soon (summary in bidder information packet)


Proposed changes to rps
Proposed Changes to RPS demonstrated using RECs issued by PJM-EIS GATS.

  • On June 16, 2008, the Board issued amendments to the RPS for comments; comment period ended on August 15, 2008

  • Proposed amendments:

    • Establish that a facility can generate Solar RECs for 15 years beginning the year that the project became operational; after this time, the facility will only be eligible to generate Class I RECs

    • Extend the trading life of a Solar REC for one additional year, for all Solar RECs based on electricity generated on or after June 1, 2009

    • Extend the reporting deadline from September 1st to October 1st of each year


Some changes specific to solar requirements
Some Changes Specific to Solar Requirements demonstrated using RECs issued by PJM-EIS GATS.

  • Eligibility to generate Solar RECs not limited to facilities located on a customer-generator’s premises or to facilities that use a net meter

  • The solar percentage will not increase if the Board determines:

    • the total cost of solar incentives for a reporting year exceeds 2% of the total retail cost of electricity for that year; OR

    • the amount of solar electric generation capacity in NJ exceeds 1,700 MW, and at least 1.7 million MWh of Solar RECs have been used for compliance under the RPS

  • Reminder of upcoming SACP levels:

    • $693/MWh for the period June 1, 2009 through May 31, 2010

    • $675/MWh for the period June 1, 2010 through May 31, 2011

    • $658/MWh for the period June 1, 2011 through May 31, 2012


Rggi working group
RGGI Working Group demonstrated using RECs issued by PJM-EIS GATS.

  • The New Jersey Clean Energy Program has established a working group to facilitate stakeholder input on matters relating to RGGI

  • A proceeding is on-going at the Board to consider establishing a Greenhouse Gas Emissions Portfolio Standards (EO08030150)

  • Documents for this proceeding are available on the working group’s web site:

    http://www.njcleanenergy.com/rggi-working-group

  • To join a listserv providing information, visit the following web site:

    http://www.njcleanenergy.com/main/event-listings/clean-energy-council-committees/clean-energy-council-committee-meetings-notes


Bgs auction proposal for the period starting june 1 2009

New Jersey Energy Master Plan demonstrated using RECs issued by PJM-EIS GATS.

  • Energy Master Plan (“EMP”) process launched in 2006 with aim of planning for New Jersey’s energy needs through 2020

  • Draft EMP published on April 17, 2008: http://www.state.nj.us/emp/home/docs/pdf/draftemp.pdf

    • Companion document provides implementation strategies: http://www.state.nj.us/emp/home/docs/pdf/strategies.pdf

  • State of New Jersey’s EMP web site source of information: http://www.state.nj.us/emp/index.shtml

  • Potential bidders may subscribe to the Energy Master Plan Listserv:http://www.state.nj.us/emp/home/subscribe.html


Bgs auction proposal for the period starting june 1 2009

Products and the Supplier’s Role demonstrated using RECs issued by PJM-EIS GATS.


Bgs load
BGS Load demonstrated using RECs issued by PJM-EIS GATS.

  • BGS is the service for all electricity customers in New Jersey who do not elect to be served by a Third Party Supplier (“TPS”)

  • BGS Load is separated into two customer groups:

    • BGS-CIEP customersare larger customers and are interval metered

    • BGS-FP customers are smaller and mid-sized customers and only some are interval metered at this time




Bgs auction proposal for the period starting june 1 2009

The BGS-CIEP Products Choose a TPS

  • The total CIEP load is expected to be about 2,900 MW

  • A tranche is a fixed percentage of BGS-CIEP Load for an EDC that represents about 75 MW

  • A BGS-CIEP supplier would supply full-requirements (energy, transmission, capacity, ancillary service, and any other services as may be required by PJM) tranches of BGS-CIEP load for an EDC


Bgs auction proposal for the period starting june 1 2009

CIEP Migration is Substantial Choose a TPS

  • As of August 31, 2008 there was substantial switching by BGS-CIEP customers to Third Party Suppliers (TPS)


Bgs auction proposal for the period starting june 1 2009

The BGS-FP Products Choose a TPS

  • The total FP load is expected to be about 5,600 MW

  • A tranche is a fixed percentage of BGS-FP Load for an EDC that represents about 100 MW

  • A BGS-FP Supplier would supply full-requirements (energy, transmission, capacity, ancillary services, and any other services as may be required by PJM) tranches of BGS-FP load of an EDC


Bgs auction proposal for the period starting june 1 2009

FP Migration Is Lower Choose a TPS

  • Majority of FP customers still on BGS service

  • Less than 0.05% of residential customers have switched

  • But there has been some migration of FP customers among those who currently pay the retail margin


Bgs auction proposal for the period starting june 1 2009

What is a Tranche? Choose a TPS

Load

Served by

TPSs (and other

non-EDC loads)

Total Load

in

EDC Territory

EDC Total BGS Load

=

All BGS load served at transmission voltage and load of other larger customers

Tranche 1

Tranche 2

Tranche …

Tranche n

EDC BGS-CIEP Load

=

Tranche 1

Tranche 2

Tranche …

Tranche n

EDC BGS-FP Load

EDC Total BGS Load

EDC BGS-CIEP Load

=


Bgs auction proposal for the period starting june 1 2009

What is a Tranche? Choose a TPS

  • A tranche is a set percentage of an EDC’s BGS load (for CIEP or FP)

  • In general, BGS-FP customers are free to come and go from BGS provided that they give notice at least 20 days before their next scheduled meter reading date

    • Except, FP customers>=500 kW switching back to BGS-FP from a third-party supplier have to remain on BGS-FP for a twelve-month term

  • Loads are adjusted for losses to the zonal aggregate load bus and de-rated by PJM per marginal loss implementation procedures


Bgs auction proposal for the period starting june 1 2009

Key Elements of Credit Provisions Choose a TPS

  • Security requirementsare on a sliding scale

    • Depend on credit rating and TNW

    • Security can be in the form of a guaranty, letter of credit, or cash deposit

  • Security to be posted depends on all BGS obligations to a given EDC

    • For BGS-FP Suppliers, security posted with an EDC to fulfill the ICR will consider ICR obligations under all other BGS-FP contracts with that EDC

    • For BGS-FP and BGS-CIEP Suppliers, security posted with an EDC for Mark-to-Market (BGS-FP) or credit exposure (BGS-CIEP) will consider MtM and credit exposure obligations under all BGS contracts with that EDC


Bgs auction proposal for the period starting june 1 2009

PJM’s Perspective of BGS Suppliers Choose a TPS

From PJM’s perspective, BGS Suppliers are Third Party Suppliers that are Load Serving Entities

BGS Suppliers will not be paired with customers. They will be serving a percentage of each EDC’s BGS demand. Each EDC will inform PJM of each BGS supplier’s obligation for each category of ancillary service.


Bgs auction proposal for the period starting june 1 2009

BGS-FP Roles and Rewards Choose a TPS

Aggregate supply portfolio from wholesale sources

Assess and price load variability, market price volatility and migration risk

Platform for participation in future BGS auctions

Provide price-risk management services

BGS-CIEP Roles and Rewards

Acquire capacity; provide option on capacity to customers

Assess and price migration risk

Platform for participation in future BGS auctions

Stable Revenue on entire CIEP customer base via CIEP Standby Fee

Ability to arbitrage day-ahead and real-time markets

Supplier Role and Business Opportunity

Wholesale Sources include:Generation owners in PJM or in adjoining regions, wholesale marketers, financial and OTC power and gas markets, PJM markets, weather derivatives markets


Bgs auction proposal for the period starting june 1 2009

BGS-FP: Risks assumed Choose a TPS

Migration risks

Load and weather risks

Fuel price risk

Longer term changes to FP class composition or rate design

BGS-CIEP: Risks assumed

Migration risks

Ancillary services cost risk

Supplier and Risk

BGS-CIEP: Risks protected from

  • Energy price risk

  • Uncollectibles

  • Fluctuations in losses

  • Requirements to provide billing and metering

BGS-FP: Risks protected from

  • Uncollectibles

  • Fluctuations in losses

  • Requirements to provide billing and metering


Bgs auction proposal for the period starting june 1 2009

BGS Supplier Master Agreement Choose a TPS

  • Contract is between BGS Supplier and EDC acting as agent for retail customers

  • Final Agreements will be approved by BPU prior to the auction and will be non-negotiable

  • Parties had opportunity to submit comments to BPU on standard comment schedule


Bgs auction proposal for the period starting june 1 2009

PJM Choose a TPS


Bgs auction proposal for the period starting june 1 2009

New Transmission Projects Choose a TPS

  • PJM’s Regional Transmission Expansion Plan (“RTEP”) identifies transmission system upgrades and improvements to maintain the reliability of the electricity grid

  • The RTEP planning horizon permits PJM to assess reliability criteria five and fifteen years in advance

    • Five-year planning period

      • assess and recommend upgrades to meet forecasted short-term load growth

      • to ensure reliable interconnection of new generation and merchant transmission projects

    • Fifteen-year horizon

      • consideration of projects of a greater magnitude that may be efficient at addressing larger reliability issues

  • List of transmission system upgrade projects is online: http://www.pjm.com/planning/project-queues/upgrade-projects.html


Bgs auction proposal for the period starting june 1 2009

Section 15.9 Filings Choose a TPS

  • Filings by all EDCs to increase transmission-related charges to BGS-FP and BGS-CIEP customers have been approved

  • Future filings are expected relative to RTEP projects as well as ACE and PSE&G

    • PSE&G is moving to formula transmission rates. Annual updates for PSE&G will be posted October 15

    • Information is available on Oasis and there will be a meeting November 5 at PSE&G

  • These documents can be found on the BPU Links page of the BGS Auction web site:

    http://www.bgs-auction.com/bgs.dataroom.bpu.asp


Bgs auction proposal for the period starting june 1 2009

PJM Web Site is a Source of Information Choose a TPS

  • Home page

    http://www.pjm.com/index.jsp

  • Reliability Pricing Model

    http://www.pjm.com/markets/rpm/operations.html

  • Marginal Losses

    http://www.pjm.com/services/courses/c-marginal-losses-training.html

    • FAQs:

      http://www.pjm.com/committees/mic/downloads/marginal-loss-impl-faqs.pdf

  • PJM OASIS

    http://www.pjm.com/etools/oasis.html

  • PJM-EIS GATS

    http://www.pjm-eis.com



Bgs auction proposal for the period starting june 1 2009

Proposed Auction Format is a Clock Auction Choose a TPS

  • Multi-product design

    • Tranches for all EDCs are procured at once

  • Bidding proceeds in rounds

    • Suppliers state how many tranches they want to supply at prices suggested by the Auction Manager

    • Prices tick down if there is excess supply

    • Suppliers could switch their bids from one EDC to another in a given auction

BGS-FP

  • “Price” is a ¢/kWh all-in price

BGS-CIEP

  • “Price” is a $/MW-day CIEP Price



Bgs auction proposal for the period starting june 1 2009

Four Main Auction Features Choose a TPS

  • Offers are binding: If the price on a product is not reduced in a round, a bidder cannot reduce the number of tranches bid on that product

  • Total number of tranches bid cannot increase: Bidders can maintain or reduce their total number of tranches bid, but bidders cannot increase the total number of tranches bid from one round to the next

  • Auction closes on all products at once: Winners are determined for all products at once within each auction

  • Uniform price: All winners on a product are given the same price


Bgs auction proposal for the period starting june 1 2009

Auction Process Choose a TPS


Bgs auction proposal for the period starting june 1 2009

One Process, Two Auctions Choose a TPS

One Auction Process for both the BGS-FP and BGS-CIEP Auctions

Same Timeline

  • Same announcements

  • Same Application deadlines

  • Same information sessions

  • Same Trial Auction date

  • Auctions held concurrently - BGS-CIEP Auction begins one business day before BGS-FP Auction



Bgs auction proposal for the period starting june 1 2009

Opportunity to Comment on Pre-Auction Letter of Credit Choose a TPS

  • Draft Pre-Auction Letter of Credit has been posted to the Contract & Credit page of the BGS Auction web site: http://www.bgs-auction.com/bgs.bidinfo.cc.asp

  • Potential bidders for the 2009 BGS Auctions are invited to propose modifications to the standard form of the Pre-Auction Letter of Credit

  • The exclusive method for submitting comments is as a redline MS Word document

  • Comments must be submitted by email to the BGS Auction Manager at the following address: comments@bgs-auction.com


Bgs auction proposal for the period starting june 1 2009

Pre-Auction Letter of Credit Comment Process Timeline Choose a TPS

  • For each proposed modification, the electric distribution companies (“EDCs”) will

    • revise the standard form; or

    • approve the use of the modification on an optional basis; or

    • reject the proposed modification


Bgs auction proposal for the period starting june 1 2009

Board Order Is Final Word on Process Choose a TPS

Approved Rules, Agreements, process and terms may be different than presented here or provided in bidder information packet

  • Board Order will determine if EDC proposal is approved and how it may be amended

  • Bidder is responsible for reading all final documents which will be provided on the web site

  • Board will decide whether EDCs can provide additional advantages as discussed previously (RECs etc.)


Bgs auction proposal for the period starting june 1 2009

Qualification Requirements Are Simple Choose a TPS

Part 1 Application to become Qualified Bidders

  • BGS Supplier must be an LSE by the start of supply period

  • In the Part 1 Application: interested parties

    • Certify they have no impediments to becoming LSE

    • Agree to the Auction Rules and the terms of the Agreement

    • Submit financial information for creditworthiness evaluation

  • There are no state licensing requirements

  • Financial information determines pre-auction security required in Part 2 Application


Bgs auction proposal for the period starting june 1 2009

Requirements To Be Registered As A Bidder Choose a TPS

In the Part 2 Application: Qualified Bidders:

  • Make certifications regarding any associations and their handling of confidential information

  • Provide an indicative offer (number of tranches at the maximum and minimum starting price)

  • Provide a financial guarantee proportional to indicative offer at maximum starting price

Financial Guarantee: BGS-FP

  • All Qualified Bidders: Letter of credit of $500,000 per tranche

  • Some Qualified Bidders: Additional security: Letter of Reference or Letter of Intent to Provide a Guaranty

Financial Guarantee: BGS-CIEP

  • All Qualified Bidders: Letter of credit of $375,000 per tranche

  • No other pre-auction security


Bgs auction proposal for the period starting june 1 2009

Indicative Offers Have Two Roles Choose a TPS

  • For the EDCs:They can use the indicative offers in setting prices for round 1 of the auction

  • For the bidder:The indicative offer at the maximum starting price sets the maximum number of tranches that the bidder can bid in the auction


Bgs auction proposal for the period starting june 1 2009

The Auction Starts Choose a TPS

Round and

Bidding Start

Bids are numbers of tranches for each EDC that suppliers are willing to serve at the going prices for the round

Bids at Going Prices

Bidding Ends

  • Indication of excess supply in this round

  • Going Prices for next round

    (Price for an EDC ticks down if number of tranches bid is greater than tranches needed)

Information to Bidders

Round Ends


Bgs auction proposal for the period starting june 1 2009

Possible Volume Reduction Round 1 Choose a TPS

  • Volume is reduced if it is necessary to do so to ensure competitiveness of bidding environment

    • Whether an adjustment is necessary is decided on the basis of interest in the first round of bidding

  • If volume must be reduced, it is reduced to:

    [# tranches bid] / [target eligibility ratio]

  • Ensures sufficient tranches bid for each tranche to be procured


Bgs auction proposal for the period starting june 1 2009

Round 2,3,… Choose a TPS

Round and

Bidding Start

Bids are numbers of tranches for each EDC that suppliers are willing to serve at the going prices for the round

Bids at Going Prices

Bidding Ends

  • Indication of excess supply in this round

  • Going Prices for next round

    (Price for an EDC ticks down if number of tranches bid is greater than tranches needed)

Information to Bidders

Round Ends


Bgs auction proposal for the period starting june 1 2009

Bidding in Subsequent Rounds Choose a TPS

  • In response to reduced prices, bidders

    • Leave bids unchanged

      Or if price for an EDC has ticked down

    • Reduce the number of tranches they wish to provide for that product by

      • Withdrawing tranches from auction

      • Bidding those tranches on one other or several other EDCs (switching)

  • Bidders cannot increase the total number of tranches on which they bid





Bgs auction proposal for the period starting june 1 2009

Auction Closes Choose a TPS

  • Auction closes on all EDCs at once

    • Bidding must have stopped on all EDCs

    • Total excess supply is zero

  • Same final price for all winners of a given EDC


Bgs auction proposal for the period starting june 1 2009

Post-Auction Choose a TPS

  • Board renders a decision on auction results within two business days of auction close

    • The Board has the option of rendering a decision on the results of each auction at different times

  • If Board accepts results: SMAs executed within three business days of Board decision

    • If any security is required under the creditworthiness standards of the Agreement, it is posted upon execution of the Agreement

    • Pre-auction security “expires” upon execution of the Agreement: certificate of expiration of letter of credit is returned and letter of credit is cancelled

  • Power flows on June 1, 2009


Bgs auction proposal for the period starting june 1 2009

BGS Information Choose a TPS


Bgs auction proposal for the period starting june 1 2009

Auction Web Site Choose a TPS

  • Auction web site: www.bgs-auction.com

  • Data Room

  • Search capability and site map

  • Announcements, including alerts to upcoming deadlines and events

  • Frequently Asked Questions

  • Auction documents

    • Auction Rules

    • Supplier Master Agreements

    • Bidder information packets and presentation


Bgs auction proposal for the period starting june 1 2009

Data Updates Choose a TPS

  • Core Data Series updated on the 17th of each month

    • Hourly load at various levels of aggregation (total retail, BGS, BGS-CIEP, BGS-FP)

    • Peak Load Allocations at various levels of aggregation

  • Update to many of the additional data series for this year already on the web site

    • Switching statistics

    • Size distributions

    • Load profiles


Bgs auction proposal for the period starting june 1 2009

Board Orders Available on BPU Links page Choose a TPS

http://www.bgs-auction.com/bgs.dataroom.bpu.asp

The BPU Links page provides access to several important BPU documents and web sites including:

  • Historical BPU orders on the BGS Auction Process

  • Historical Post-Auction Reports

  • Renewable Energy Portfolio Standards documents and links


Bgs auction proposal for the period starting june 1 2009

Bidder Questions Choose a TPS

  • Questions may be submitted to the Auction Manager Team

    • Via web form at:

      http://www.bgs-auction.com/bgs.contactus.asp

    • By phone: (973) 297-0880

    • By fax: (973) 297-0246

  • When needed, the Auction Manager Team will direct questions to appropriate EDC representatives (e.g., data questions)

  • Answers will be routed back through the Auction Manager Team

  • Questions and answers are posted to Auction web site


Bgs auction proposal for the period starting june 1 2009

Questions? Choose a TPS