Sec.16-244c-8. Content and format of bids

(a) Each bidder shall use all reasonable efforts to conform and comply with any bid format specified or required by the department or the auction agent.

(b) Notwithstanding subsection (a) of this section, each bid shall contain, at minimum, the following:

(1) The bidder's name and address;

(2) A bond, letter of credit or corporate guarantee for funding of replacement generation service in the event that the bidder fails to provide service. The proceeds of such bond, letter of credit or corporate guarantee shall be equal to ten percent of the dollar value of the bid and payable to the electric distribution company or companies to whom the bidder would be obligated to provide service;

(3) Information concerning the bidder's capacity and ability to coordinate with the billing agent and the affected electric distribution companies;

(4) The bid parameters, including but not limited to the following:

(A) whether the bid is for default or back-up service or both;

(B) the name of the electric distribution companies that the bidder wishes to serve;

(C) the types and amounts of electricity services that the bidder wishes to provide;

(D) the proposed service period, which shall not be more than 5 years;

(E) the bid price, in accordance with the guidelines, specifications or formula set forth by the department pursuant to section 16-244c-5(b)(6) of the Regulations of Connecticut State Agencies; and

(F) any fixed or minimum charges; and

(5) Any other information required by the department.

(Adopted effective November 2, 1999)