FAQs

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.”

Evaluation of Proposals

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FAQ-132:
I have submitted an Expression of Interest for a Project and have received an excel Bid Form from the Solicitation Manager. Does the excel Bid Form go only with the overnight package for Qualifications or is it sent electronically?

Please see the instructions for the electronic file transfer of the Pricing Proposal, which are attached alongside the Bid Form in the Complete Notice for your Expression of Interest.

01/20/2011 in Evaluation of Proposals
FAQ-115:
If we submit a bid in advance of the deadline, can we then change our bid price if we resubmit the Pricing Proposal prior to the deadline?

Yes. Please see Section 3.2.9 of the RFP Rules, which states, "A Bid Form submitted by a Proponent for a Project supersedes any previously submitted Bid Forms submitted by that Proponent for that Project. The Solicitation Manager evaluates only the last Bid Form for a Project submitted before the deadline that is complete and consistent with the requirements of Section 3.1." Thus you may change your bid amount for a Project by resubmitting a complete and consistent Bid Form with the new amount before the deadline.

06/04/2010 in Evaluation of Proposals
FAQ-90:
Are there specific targets for residential projects?

There are no specific targets for residential projects. However, the Program recognizes two (2) segments based on the size of the Projects. The first and smaller segment will include Projects less than or equal to 50 kW. The Board has established an aspirational goal that approximately 25% of the Projects be from the smaller segment for ACE and JCP&L. The aspirational goal for RECO is 50%. If there is a tie for the last accepted Project, the Solicitation Manager chooses a Project in the smaller segment if the aspirational goal is not met. The Solicitation Manager may also recommend to the Board special treatment of Projects in the smaller segment to meet the aspirational goal.

02/26/2010 in Evaluation of Proposals
FAQ-89:
The Solicitation Manager makes recommendations to the Board regarding any special treatment of the small project segment relative to the Board’s aspirational goal. What is JCP&L’s aspirational goal and how does it affect the evaluation of bids?

For JCP&L, the Board has established an aspirational goal that approximately 25% of the Projects be from the smaller segment (less than or equal to 50 kW). This aspirational goal may or may not be met in a particular solicitation. The Stipulation and Order by the Board do not mandate specific actions if the aspirational goal is not met. Rather, the Stipulation establishes a process by which the Solicitation Manager forms its recommendations and by which the Board renders a decision on the awards of each solicitation.

This process is the following. The Solicitation Manager first presents preliminary recommendations to the Parties (Board Staff, Rate Counsel, and the EDCs). The recommendations of the Solicitation Manager regarding the awards to be made in a solicitation include: (a) the competitiveness of the process, (b) the quantities to be included in future solicitations; and (c) any special treatment of the small project segment relative to the Board's aspirational goal. The Parties submit their input on these recommendations to the Solicitation Manager. The Solicitation Manager considers the input from the Parties and develops its final recommendations. The Solicitation Manager presents its final recommendations to the Board in a confidential report. Staff presents the Solicitation Manager’s recommendations to the Board. The Board renders a decision on the awards in a given solicitation and the quantities to be included in future solicitations.

The evaluation procedure favors Projects from the smaller segment in the following respect. If there is a tie for the last accepted Project in the evaluation procedure, the Solicitation Manager chooses a Project in the smaller segment if the aspirational goal is not already met.

03/01/2010 in Evaluation of Proposals
FAQ-54:
In a solicitation, when can the Seller expect to receive a Notification of Award or a Notification of Rejection?

The Solicitation Manager advises a Seller who has received an award or who did not receive an award of the reason for the rejection after the Board renders a decision on the results.

02/22/2010 in Evaluation of Proposals
FAQ-48:
What are the discount rates for each EDC that are used in computing the Net Present Value used in ranking the bids?

The discount rates are set forth in the Stipulations, which can be found on the Documents page of the Web site. For the JCP&L and ACE discount rates of 6.87% and 6.66%, respectively, please see Section 7.c of the ACE-JCP&L Stipulation (the file entitled “ACE-JCP&L Final Stipulation (3/13/2009)”). For the RECO discount rate of 7.68%, please see Section 7.c of the RECO Stipulation (the file entitled “RECO Final Stipulation (7/24/2009)”).

06/04/2010 in Evaluation of Proposals
FAQ-36:
How does the Solicitation Manager determine whether a bid is competitive?

The determination of the competitiveness of bids is part of the evaluation process of the SREC-Based Financing Program ("Program") and is confidential. However, the Stipulation approved by the Board of Public Utilities ("Board") contains important details regarding the recommendation by the Solicitation Manager of whether the prices submitted are competitive. The Stipulation states, with respect to the evaluation of the competitiveness of the bids, that the Solicitation Manager receives input from the EDCs, Staff and Rate Counsel on a cap and that this cap will consider, among other things, the lowest SREC price bid, the SACP, and the distribution of SREC prices for all projects submitted. The Solicitation Manager submits its recommendations to the Board and the Board determines the awards under the Program.

Please see section 7 and section 12 of the Stipulation, which describe this process in more detail. The Stipulation can be found on the Documents page of our web site, under the heading “Documents from the NJ CEP - Utility Financing Programs page”.

02/22/2010 in Evaluation of Proposals
FAQ-34:
What are the RECO factors for determining Net Present Value?

The RECO factors for determining the Net Present Value (“NPV”) of a RECO bid can be found in Table 4 of Section 5.1.4 of the RFP Rules. The RECO discount rate is 7.68%. The cumulative factors for 10, 11, 12, 13, 14 and 15 years are 6.8079, 7.2510, 7.6625, 8.0447, 8.3996, and 8.7292, respectively.

02/22/2010 in Evaluation of Proposals
FAQ-28:
One LLC is the Developer and owns the Project. A second LLC owns the premises where the Project resides and is the EDC Customer. For the purposes of presenting our qualification materials, should we consider the project to be owned by the Customer or by the Developer?

The Project that you describe would be considered to be owned by the Developer. This is the case because the Customer (who owns the premises where the Project resides and is the EDC customer) does not own the system or Project. You will be required to submit the appropriate Appendix C Host's Acknowledgement and Certification, which can be found on the Documents page of the web site.

10/09/2010 in Evaluation of Proposals
FAQ-20:
If a bid is rejected in one solicitation because its pricing is not competitive or because the planned quantity was met, can the Owner resubmit a bid in the next solicitation?

If a project does not receive an award in a given solicitation, a Proposal for the same project may be submitted in a future solicitation, as long as it continues to meet the Program requirements. For example, if the project became interconnected, it would no longer be eligible for the Program.

06/09/2010 in Evaluation of Proposals

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