| Regulatory Milestones and Tentative Auction Timeline |
| Activity or Decision Point |
Timing |
| EDC proposal filed |
Friday, July 01, 2011 |
| Discovery request deadline |
Friday, July 22, 2011 |
| Discovery response deadline |
Friday, August 05, 2011 |
| First FAQ is posted |
Tuesday, August 09, 2011 |
| Release of Preliminary Draft of FP Pricing Spreadsheet |
Tuesday, August 23, 2011 |
| Deadline for Initial Comments on all proposals |
Friday, September 2, 2011 |
| Posting of Alternate Guaranty Process |
Wednesday, September 14, 2011 |
| Legislative-type Board Hearing |
Monday, September 26, 2011 |
| Deadline for Final Comments |
Friday, September 30, 2011 |
| Public Hearings |
Early October 2011 |
| Information Session for Potential Bidders (Philadelphia, PA) |
Friday, September 30, 2011 |
| Final Part 1 Application Form is posted |
Thursday, October 13, 2011 |
| Draft Part 2 Application Form is posted |
Thursday, October 13, 2011 |
| Deadline to submit alternate form of guaranty by NOON |
Tuesday, October 25, 2011 |
| Deadline to propose modifications to the standard form of the Pre-Auction Letter of Credit by NOON |
Tuesday, October 25, 2011 |
| Auction Manager informs a proposing party that had previously secured approval for its alternate form of guaranty whether the approval is renewed |
Wednesday, October 26, 2011 |
| Deadline to submit alternate form of guaranty and supporting documentation for parties whose approval of a previously accepted alternate form of guaranty is not renewed |
Friday, October 28, 2011 |
| Auction Manager provides individual responses to parties proposing modifications to the Pre-Auction Letter of Credit |
Tuesday, Novermber 1, 2011 |
| All modifications to the standard form of the Pre-Auction Letter of Credit that are acceptable on an optional basis are posted |
Wednesday, November 02, 2011 |
| Auction Manager informs parties proposing alternate form of guaranty of status of submission |
Wednesday, November 02, 2011 |
| Deadline to submit required modifications or revisions to the alternate form of guaranty or supporting documentation |
Friday, November 04, 2011 |
| Auction Manager informs parties proposing alternate forms of guaranty of the EDCs’ decision |
Tuesday, November 08, 2011 |
| Board decision on Auction proposal |
November 09, 2011 |
| Statewide minimum and maximum starting prices announced |
Friday, November 11, 2011 |
| Load caps announced |
Friday, November 11, 2011 |
| Tranche sizes announced |
Friday, November 11, 2011 |
| Final Part 2 Application Form is posted |
Monday, November 14, 2011 |
| EDC Compliance Filing |
November 23, 2011 |
| Expected Board Decision on Compliance Filing |
November 30, 2011 |
| Information Session for Potential Bidders, Philadelphia, PA |
Friday, December 02, 2011 |
| Deadline to submit Part 1 Application due by NOON |
Tuesday, December 13, 2011 |
| Part 1 Applications are reviewed |
December 13 – 16, 2011 |
| Applicants are notified of Part 1 Application Results |
Friday, December 16, 2011 |
| Transmission Rates announced |
Friday, January 06, 2012 |
| Final rate spreadsheets are posted |
Monday, January 09, 2012 |
| Final seasonal factors announced |
Tuesday, January 10, 2012 |
| Deadline to submit Part 2 Application due by NOON |
Thursday, January 12, 2012 |
| Part 2 Applications are reviewed |
January 12 - 19, 2012 |
| Applicants are notified of Part 2 Application results |
Thursday, January 19, 2012 |
| Mark-to-Market Information Release |
Tuesday, January 24, 2012 |
| Auction Manager informs Registered Bidders of changes to decrement formulas or ranges of total excess supply (if necessary) |
Tuesday, January 24, 2012 |
| Tranche Fee is announced |
Tuesday, January 24, 2012 |
| Information session for Registered Bidders, Philadelphia, PA |
Tuesday, January 24, 2012 |
| Trial auctions for Registered Bidders |
Thursday, January 26, 2012 |
| Auction Manager informs Bidders registered in BGS-CIEP Auction of starting prices |
Monday, January 30, 2012 |
| Auction Manager informs Bidders registered in BGS-FP Auction of starting prices |
Tuesday, January 31, 2012 |
| BGS-CIEP Auction Starts |
Thursday, February 02, 2012 |
| BGS-FP Auction Starts |
Friday, February 03, 2012 |
| Board decision on Auction results |
Within 2 business days of close of the BGS-FP Auction or BGS-CIEP Auction, whichever comes later |
| Winning suppliers execute BGS Supplier Master Agreements |
Within 3 business days of Board decision |
| Documents provided to bidders by Auction Manager containing confidential information must be destroyed |
Within 5 business days of Board decision |
| BGS-FP rates filed with Board |
Within 60 business days of Board decision |
| Power Flows |
Friday, June 01, 2012 |
