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ONLY THE COMED DATA ROOM IS UPDATED ON A REGULAR BASIS. THE REMAINDER OF THIS WEB SITE IS NO LONGER UPDATED FOR ANY PURPOSE AND REMAINS AS IT WAS WHEN LAST UPDATED ON JULY 26, 2007. The ComEd Data Room will be updated monthly, on or before the 26th of each month.
Load Categories The Illinois Auction is designed to procure full requirements service for the following six (6) categories of load of the Commonwealth Edison Company ("ComEd"), and the three Ameren Utilities, namely Central Illinois Light Company d/b/a AmerenCILCO, Central Illinois Public Service Company d/b/a AmerenCIPS, and Illinois Power Company d/b/a AmerenIP (collectively "Ameren"):
(1) ComEd’s “CPP-B”: Competitive Procurement Process – Blended. Residential, designated Lighting service and smaller commercial customers with demand 400 kW or less of load who have not elected a real-time pricing service, who have not elected to receive service from a Retail Electric Supplier (“RES”), or who are not certain types of self-generators, belong to the CPP-B load category. Also included in the CPP-B load category are those smaller commercial customers with demand 400 kW or less of load who have elected to take service under Rider PPO-MVM. Suppliers at the Auction bid to provide energy, capacity, those ancillary and transmission services described in Appendix C of the CPP-B Supplier Forward Contract, volumetric risk management and other services necessary for ComEd to serve the load of these customers. ComEd provides Network Integrated Transmission Services (“NITS”) and distribution services. In the first Auction, suppliers will be able to bid on three (3) different supply periods, namely supply periods of 17-months, 29-months and 41-months. Each supply period begins on January 1, 2007 and ends on May 31 of 2008, 2009, and 2010 respectively. (2) ComEd’s “CPP-A”: Competitive Procurement Process – Annual. Larger commercial and industrial customers (greater than 400 kW) who are eligible to take electric service under a rate that has not been declared competitive, who have not elected a real-time pricing service, who have not elected to receive service from RES, and who are not certain types of self-generating customers, belong to the CPP-A load category. Also included in the CPP-A load category are those larger commercial and industrial customers with demand of greater than 400 kW of load, who are eligible and have elected to take service under Rider PPO-MVM. Suppliers at the Auction bid to provide energy, capacity, those ancillary and transmission services as described in Appendix C of the CPP-A Supplier Forward Contract, volumetric risk management and other services necessary for ComEd to serve the load of these customers. ComEd provides NITS and distribution services. In the first Auction, the supply period will be 17 months. The supply period begins on January 1, 2007 and ends on May 31 of 2008. (3) ComEd’s “CPP-H”: Competitive Procurement Process – Hourly. Remaining customers who have not elected to receive service from a RES, namely larger customers whose electric service rate has been declared competitive, smaller customers who elect real-time pricing, and who are certain types of self-generators, belong to the CPP-H load category. Suppliers at the Auction bid to provide energy, capacity, those ancillary and transmission services as described in Appendix C of the CPP-H Supplier Forward Contract, volumetric risk management and other services necessary for ComEd to serve the load of these customers less the requirements of these customers that are already met by the generation of Qualified Facilities (“QFs”) as defined in the Supplier Forward Contracts. In addition, ComEd will transfer its ALM-associated capacity credits to the CPP-H Suppliers as described in the CPP-H Supplier Forward Contract. ComEd provides NITS and distribution services. In the first Auction, the supply period will be 17 months. The supply period begins on January 1, 2007 and ends on May 31 of 2008. (4) Ameren’s “BGS-FP”: Basic Generation Service – Fixed Pricing. Residential and Small Business (“R&SB”) customers under 1 MW of demand who have not elected to receive service from a RES belong to the BGS-FP load category. Suppliers at the Auction bid to provide energy, capacity, certain transmission, volumetric risk management and other services necessary for Ameren to serve the load of these customers at an all-in fixed price. Ameren provides NITS and distribution services. Suppliers have the option of self-supplying certain ancillary services (regulation service, operating and spinning reserves, and supplemental reserve) themselves or of compensating Ameren to procure these ancillary services for them. In the first Auction, suppliers will be able to bid on three (3) different supply periods, namely supply periods of 17-months, 29-months and 41-months. Each supply period begins on January 1, 2007 and ends on May 31 of 2008, 2009, and 2010 respectively. (5) Ameren’s “BGS-LFP”: Basic Generation Service – Large Customer Fixed Pricing. Large Commercial and Industrial (“LC&I”) customers with demand of 1 MW or greater who have not chosen a real-time pricing service and who have not elected to receive service from a RES belong to the BGS-LFP category. Suppliers at the Auction bid to provide energy, capacity, certain transmission, volumetric risk management and other services necessary for Ameren to serve the load of these customers at an all-in fixed price. Ameren provides NITS and distribution services. Suppliers have the option of self-supplying certain ancillary services (regulation service, operating and spinning reserves, and supplemental reserve) themselves or of compensating Ameren to procure these ancillary services for them. In the first Auction, the supply period will be 17 months. The supply period begins on January 1, 2007 and ends on May 31 of 2008. (6) Ameren’s “BGS-LRTP”: Basic Generation Service – Large Service Real-Time Pricing. LC&I customers with demand of 1 MW or greater who have voluntarily elected to take the real-time pricing service belong to the BGS-LRTP load category. Suppliers at the Auction will bid to provide energy, capacity, certain transmission, volumetric risk management and other services necessary for Ameren to serve the load of these customers less the requirements of these customers that are already met by the generation of QFs as defined in the Supplier Forward Contracts. Ameren provides NITS and distribution services. Suppliers have the option of self-supplying certain ancillary services (regulation service, operating and spinning reserves, and supplemental reserve) themselves or of compensating Ameren to procure these ancillary services for them. In the first Auction, the supply period will be 17 months. The supply period begins on January 1, 2007 and ends on May 31 of 2008. The summary of payments and rates in this section is qualified in its entirety by the Supplier Forward Contracts, as well as by the Rider CPP and Rider MV Tariffs. This brief summary description is provided here for convenience. The payments to Illinois Suppliers of a product in the Fixed Price Section are a seasonal function of the final auction price for that product. The summer payments, made to Illinois Suppliers from June 1 through September 30, are generally higher than the final auction price. The non-summer payments, made to Illinois Suppliers for the remaining months, are generally lower than the final auction price. The seasonal payment factors (a summer factor and a non-summer factor) by which the auction prices are multiplied to obtain the summer and non-summer payments vary depending on the load category. The factors for each load category will be announced to prospective suppliers prior to the Illinois Auction and will be constant for the duration of the Supplier Forward Contract. The CPP-A and CPP-B Supplier Forward Contracts establish the terms of payments to Illinois Suppliers that have won CPP-A and CPP-B tranches. The BGS-FP and the BGS-LFP Supplier Forward Contracts establish the terms of payments to Illinois Suppliers that have won BGS-FP and BGS-LFP tranches. The payments to Illinois Suppliers of a product in the Hourly Price Section consist of two components. The first component is the energy component. Illinois Suppliers are paid the price of the applicable hourly market, namely the average real-time PJM hourly Locational Marginal Price (“LMP”) for ComEd (i.e., the ComEd zone as defined by PJM), or the average Midwest ISO (“MISO”) hourly LMP for the load zones of the three Ameren Utilities, for all MWh that they supply including appropriate system losses. The second component is the final auction price, determined separately for each product through the Illinois Auction. The final auction price compensates the Illinois Supplier for non-energy costs, i.e., for providing capacity, certain ancillary and transmission services, risk management services, as well as any other services that may be required to provide full-requirements service to these customers. Appendix C of the CPP-H Supplier Forward Contract specifies those ancillary and transmission services that are included in this fixed charge for Illinois Suppliers that have won ComEd tranches. The BGS-LRTP Supplier Forward Contract specifies that Illinois Suppliers that have won BGS-LRTP tranches have the option of procuring certain ancillary services (regulation service, spinning reserve and supplemental reserve) themselves or of compensating Ameren to procure these ancillary services for them. For customers that are served with power from Illinois Suppliers that have won CPP-A tranches, the commodity portion of their rates will reflect the final auction price for the CPP-A product in the immediately preceding Illinois Auction. For customers that are served with power from Illinois Suppliers that have won BGS-LFP tranches, the BGS component of their rates will reflect the final auction price for the BGS-LFP product in the immediately preceding Illinois Auction. In both cases, the final auction price will be shaped seasonally and by time of day. For customers that are served with power from Illinois Suppliers that have won CPP-B tranches, the commodity portion of their rates will be a function of the tranche-weighted average of the auction prices obtained for the various CPP-B contract terms adjusted for the seasonal payment factors. For example, in January 2007, the CPP-B Load will be served from CPP-B Supplier Forward Contracts for each of the three (3) overlapping terms, namely 17-month, 29-month, and 41-month terms. Similarly, for customers that are served with power from Illinois Suppliers that have won BGS-FP tranches, the BGS component of rates will be a function of the tranche-weighted average of the final auction prices obtained for the various BGS-FP contract terms adjusted for the seasonal payment factors. For example, in January 2010, the BGS-FP Load will be served from BGS-FP Supplier Forward Contracts for each of three (3) overlapping three-year terms, namely: from January 1, 2007 to May 31, 2010; from June 1, 2008 to May 31, 2011; and from June 1, 2009 to May 31, 2012. Conversion from the final auction prices to the actual rates for each customer class will be determined based on an ICC-approved rate translation prism. Customers served with power from Illinois Suppliers that have won CPP-H tranches will pay the final auction price on their capacity obligation and the average real-time PJM hourly LMP calculated for each hour at the ComEd zone as defined by PJM times their actual usage (appropriately adjusted for system losses) for that hour and summed over that month for their energy component. Customers served with power from Illinois Suppliers that have won BGS-LRTP tranches will pay the final auction price on their capacity obligation and the average real-time MISO hourly LMP of the three Ameren Utilities for their energy component, appropriately adjusted for system losses. With the assistance of Illinois Commerce Commission ("ICC") Staff, the ICC will conduct a prompt, post-auction consideration of the auction results. The ICC will determine, within five (5) business days of the close of the Illinois Auction, whether to initiate a formal investigation or other formal proceeding, or to provide written notification concerning the results of the Fixed Price Section, or the Hourly Price Section, or both. Any such investigation, proceeding, or written notification with respect to either one or both Sections triggers certain contingency provisions under the Rider CPP tariff (for ComEd) and the Rider MV tariffs (for Ameren). If the ICC concludes, within five (5) business days of the close of the Illinois Auction, that no grounds were present for such action for the Fixed Price Section or the Hourly Price Section, ComEd and Ameren will proceed with acquisition of supply from the successful bidders for that Section. The circumstance under which the ICC does not initiate a formal investigation or other formal proceeding, and does not provide written notification concerning the results of a Section, so that ComEd and Ameren may proceed to acquire supply from winning bidders for that Section, is referred to as a Successful Result (for a Section). The date at which the Auction Manager can first announce a Successful Result for a Section is the Date of Declaration of a Successful Result (for a Section). Within nine (9) business days of the confirmation of a Successful Result for the Section, the rate components for customers in each load category of that Section will be established as described above and filed with the ICC. Retail rates for the commodity portion of ComEd’s customers and the BGS component of retail rates for Ameren’s customers will thus be communicated to customers well in advance of the supply period. ComEd and Ameren will provide all necessary information to prospective suppliers concerning how auction prices are translated into the relevant rates, including a tool that will display the retail rates that would be paid by fixed price customers from prices that could result from the Illinois Auction. ComEd will provide the NITS and distribution services for its customers within its service territory under the terms of its distribution tariffs. Similarly, Ameren will acquire the NITS and provide distribution services for its customers within its service territory under the terms of its retail tariffs. In the five (5)-month stub period (January to May 2007 inclusive), ComEd will provide any Auction Revenue Rights (“ARRs”) that it has available to Illinois Suppliers. The assignment will be done according to PJM rules on a pro-rata basis. However, these Illinois Suppliers would still be required to provide all other services, including congestion risk services and any other transmission services needed to deliver the supply to an appropriate PJM interconnection point, depending on the source of supply. Similarly, Ameren will provide to its Illinois Suppliers that have won BGS tranches the necessary Financial Transmission Rights (“FTRs”) for NITS which Ameren possesses using MISO’s methodology to determine the percent of load of the various categories for the five month stub period associated with each product. However, these Illinois Suppliers would still be required to provide all other services, including congestion risk services and any other Transmission services needed to deliver the supply to an appropriate MISO interconnection point, depending on the source of supply. The rate translation prism specifies how the final auction prices are converted into retail rates for each customer supply group, as these are defined in the tariff (CPP or MV) filed with the ICC. ComEd proposes to establish ten (10) customer supply groups in total. Six (6) of these customer supply groups, including the residential customer group, would be served by Illinois Suppliers that have won CPP-B tranches. Illinois Suppliers that have won CPP-A tranches serve the customers who have elected to be on a fixed-price service for a year within the Large Load and Very Large Load Customer Groups. Illinois Suppliers that have won CPP-H tranches serve primarily the customers taking service from ComEd in the remaining two customer supply groups, namely the Self-Generating Customer Group and the Competitively Declared Customer Group. Illinois Suppliers that have won CPP-H tranches also serve any residential or smaller business customer who voluntarily elects real-time pricing, as well as CPP-A customers who default to real-time pricing under circumstances as described in Rider CPP. The retail rates for customer supply groups vary by season and sometimes by time of day. For the blended product (CPP-B), all rates for commodity supply are in ¢/kWh. The rate for a customer supply group is obtained by multiplying an average auction price by a ratio specific to the customer supply group, to the season (summer or non-summer), and if applicable to the time of day (peak or off-peak). The average auction price takes into account the prices of the various supply periods of the CPP-B tranches. The ratio is computed to take into account the overall supply cost of the group relative to the supply cost of the product based on each group’s load shape. For example, if the ratio for residential customers in the summer is 1.2 (taking into account the overall supply cost of residential customers and the overall supply cost for the CPP-B product) and assuming the weighted average auction price is $50/MWh, then the summer retail rate for commodity supply for residential customers would 6.0¢/kWh (1.2 x $50/MWh converted to ¢/kWh). The final auction price for the CPP-A tranches, appropriately shaped seasonally and by time of day, directly determines the CPP-A retail rates. The process is simpler because there is a single supply period for CPP-A tranches, which means that there is no need to average several auction prices. The final auction price for CPP-H tranches would provide for a fixed charge that is applied to the customer’s peak load contribution for CPP-H customers that would represent the cost of non-energy services, such as capacity and ancillary services. CPP-H customers would, in addition, pay the real-time locational marginal price for energy including an adjustment for losses. ComEd is aiming to provide all necessary information to prospective suppliers concerning how auction prices are translated into retail rates in advance of the Illinois Auction, including a calculating tool that displays the rates for each customer supply group that would result from prices in the Illinois Auction. The Ameren rate classes are:
BGS-1 Residential Service |
