Answers to your Frequently Asked Questions ("FAQs") are posted on this page. To ask a question, please use our automated form. FAQs will be posted every Wednesday. FAQs will be posted daily during the week prior to the deadline for submitting Pricing Proposals and Qualification Materials.”

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  • FAQ-149:
    What are the relevant deadlines for participating in the upcoming round (Round 6)?

    The deadline for submission of Expressions of Interest in the upcoming solicitation is 12:00 PM (noon) Eastern Prevailing time ("EPT") on Friday, February 11, 2011. The deadline for submission of the Pricing Proposal and Qualification Materials is 12:00 PM (noon) EPT on Thursday, February 17, 2011. Please see the Calendar page of the web site for a detailed schedule.

    01/27/2011 in General

  • Revised FAQ-148:
    Please provide the planned quantities, awards and shortfalls for each EDC over the first six solicitations.

    The awards for each EDC are provided in the information releases are available on the Announcements page. These information releases immediately follow and announce the Board decision on the solicitation results. The planned quantities are sometimes provided in these announcements as well. If they are not, the planned quantities for a given solicitation are provided in the Board Order from the previous solicitation (posted on the Documents page of the Web site under the heading "Results and Board Approvals") or in the RFP document and webcast presentation for that solicitation (posted under “Document Archives” on the Archives page of our web site. Shortfalls can be calculated as the differences between planned quantities and awards.


    01/27/2011 in General

  • FAQ-147:
    Section C of Appendix A of the SREC PSA calls for the Seller to pay the taxes, fees and expenses arising form the sale of SRECs. What are the average or typical costs, fees and expenses that Sellers have been asked to pay?

    Please consult your tax advisor regarding any taxes that may apply to payments for SRECs sold as well as any tax credits or allowable expenses that may be available. We would assume that the revenue from selling SRECs must be reported to taxing authorities.

    The Seller under the SREC PSA is required to become an account holder in PJM-EIS GATS. Information regarding this process is included in the ""PJM-EIS GATS Process Document"" on the Documents page of our web site. Additional information is available directly from PJM-EIS GATS administrator at 610-666-2245. Any other fees and expenses arising from the sale of SRECs, such as an inspection of the completed Project to ensure that the SRECs generated by the Project are eligible for use in complying with the RPS and the meter owned by the EDC in whose territory the Project resides, are to the Seller's expense. Please see FAQ-76 for additional information regarding meter costs."

    01/27/2011 in Purchase and Sale Agreement

  • FAQ-146:
    Please confirm if the SREC-Based Financing Program is subject to prevailing wage based on information provided in the following link: http://lwd.dol.state.nj.us/labor/wagehour/content/prevailing_wage_rate_faqs.html#q48.

    Each bidder must, with advice from its counsel, make its own determination on whether the prevailing wage legislation does or does not apply to the SREC-Based Financing Program.

    01/27/2011 in General

  • FAQ-145:
    Since there is only one year to get the facility complete, will ACE expedite the interconnection study so that we might know if extra costs are included to upgrade the interconnection and include that in our bid?

    Title 14, Chapter 8, Subchapter 5 of the New Jersey Administrative Code has requirements for Level 1, 2 and 3 regarding the timing a utility has to process applications. An initial screening must be done within 10 or 15 days depending on the level. Different costs are only realized at different points in the process and can vary greatly. Currently, additional screening is required if the system is greater than or equal to 250 kW. If a detailed study is required for systems at or above 250 kW, the developer will be contacted to discuss the study requirements and costs. As a general matter, the cost of the study is in the $35,000 range and can take around 8 weeks to complete. ACE does not undertake the detailed study in-house and does not give any one application or study priority over another.

    There are two steps to interconnection. The first step is the filing of an initial application that provides to the EDC the details of the system to be installed. The second step occurs after the system is installed. At that point, an application (Certificate of Completion) for permission to interconnect and to operate the system is filed.

    To know the full costs involved in a particular system before bidding into the SREC-Based Financing Program, it would be necessary for the customer or developer to fill out an initial application with ACE, as described in the first step above and go through the process in its entirety, and gain approval or be notified of a study and wait for the study to finish. (It can be done in conjunction with the New Jersey Clean Energy Program application.) A customer or developer can bid into the SREC-Based Financing Program after the start of construction of the project as long as they have not filed an application for permission to interconnect and to operate the system as described in the second step above.

    01/27/2011 in General

  • FAQ-144:
    I understand that the deposit required under the SREC PSA will generally be refunded? When exactly will this deposit be refunded or forfeited?

    The deposit is refunded upon the Project being completed, in operation, and generating SRECs. The SREC Purchase and Sale Agreement provides full details in this regard (please see the Documents page of the web site). The deposit is refunded when the Project meets all “Conditions Precedent” in Section A of the General Terms and Conditions.

    01/27/2011 in General

  • FAQ-143:
    If we have two projects under two different special purpose entities, would they be treated separately under the developer cap?

    We examine each situation on a case-by-case basis but generally, any affiliated entities under the same majority ownership are treated collectively under the developer cap.

    01/27/2011 in Evaluation of Proposals

  • FAQ-142:
    Please explain how the bid evaluation will work if the amount of submitted projects exceeds the planned quantity.

    For a given EDC, we will accept bids up to the point where either the Pricing is not competitive, or where the planned quantity is met. If the planned quantity is met first, the rest of the projects are rejected. The planned quantities are maximum quantities approved by the New Jersey Board of Public Utilities.

    01/27/2011 in Evaluation of Proposals

  • FAQ-141:
    Where can I find the schedule for future solicitations?

    We are preparing a draft of tentative schedule and will provide this on the Documents page of the web site when it becomes available.

    01/27/2011 in General

  • FAQ-140:
    Have there been changes to the bid evaluation process used under the SREC-Based Financing Program?

    There are no program changes that have been approved by the New Jersey Board of Public Utilities regarding bid evaluation. Therefore, the Solicitation Manager is still guided by the original Stipulations (dated March 13, 2009 and July 24, 2009) regarding the aspect of bid evaluation. The Stipulations can be found on the Documents page of the web site.

    01/27/2011 in Evaluation of Proposals

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