| Regulatory Milestones |
| Activity or Decision Point |
Timing |
| EDC proposal filed |
Tuesday, July 1, 2025 |
| Discovery request deadline |
Tuesday, July 22, 2025 |
| Discovery response deadline |
Tuesday, August 5, 2025 |
| First FAQ is posted |
Tuesday, August 12, 2025 |
| Release of Preliminary Draft of RSCP Pricing
Spreadsheet |
Tuesday, August 19, 2025 |
| Deadline for Initial Comments on all proposals |
Friday, September 5, 2025 |
| Announce Alternate Guaranty Process Available |
Tuesday, September 16, 2025 |
| Legislative-type Board Hearing |
Thursday, September 18, 2025 |
| Public Hearings |
TBA |
| Illustrative Part 1 and DRAFT Part 2 Application
Forms are posted |
Thursday, October 9, 2025 |
| Comment Process for Letters of Credit is posted |
Thursday, October 9, 2025 |
| Deadline for Final Comments |
Friday, October 10, 2025 |
| Information Webcast for Potential Bidders |
Friday, October 17, 2025 |
| Deadline for Expression of Interest in Alternate
Guaranty Process |
Tuesday, October 28, 2025 |
| Deadline to propose modifications to the standard form of the Pre-Auction and Post-Auction Letters of Credit |
Tuesday, October 28, 2025 |
| Auction Manager provides individual responses to
parties proposing modifications to the Letters of Credit |
Wednesday, November 5, 2025 |
| All modifications to the standard form of the Letters
of Credit that are acceptable on an optional basis are
posted |
Friday, November 7, 2025 |
| Post final credit instruments |
Friday, November 7, 2025 |
| Statewide minimum and maximum starting prices
announced |
Friday, November 14, 2025 |
| Load caps announced |
Friday, November 14, 2025 |
| Tranche sizes announced |
Friday, November 14, 2025 |
| FINAL Illustrative Part 2 Application Forms are
posted |
Thursday, November 20, 2025 |
| Board decision on Auction proposal |
Expected November 2025 |
| EDC Compliance Filing |
December 2025 |
| Expected Board Decision on Compliance Filing |
December 2025 |
| Final Supplier Master Agreements and Rules are
posted |
December 2025 |
| Online Application Portal made available to Bidders |
No later than Tuesday, December 2, 2025 |
| Deadline for Foreign Applicants/Guarantors to
submit draft documents |
Tuesday, December 2, 2025 |
| Information Webcast for Potential Bidders |
Tuesday, December 2, 2025 (tentative) |
| Deadline to submit Part 1 Application due by NOON |
Tuesday, December 16, 2025 |
| Part 1 Applications are reviewed |
December 16-19, 2025 |
| Applicants are notified of Part 1 Application results |
Friday, December 19, 2025 |
| Deadline to submit Part 2 Application due by NOON |
Wednesday, January 14, 2026 |
| Deadline for Foreign Applicants/Guarantors to
submit revised draft documents |
Wednesday, January 14, 2026 |
| Part 2 Applications are reviewed |
January 14-22, 2026 |
| Applicants are notified of Part 2 Application results |
Thursday, January 22, 2026 |
| Auction Manager informs Registered Bidders of
changes to decrement formulas or ranges of total excess supply (if necessary) |
Tuesday, January 27, 2026 |
| Mark-to-Market Information Release |
Tuesday, January 27, 2026 |
| Tranche Fee is announced |
Wednesday, January 28, 2026 |
| Information Webcast for Registered Bidders |
Wednesday, January 28, 2026 (tentative) |
| Final rate spreadsheets are posted |
Thursday, January 29, 2026 |
| Final seasonal factors announced |
Thursday, January 29, 2026 |
| First Trial Auctions for Registered Bidders |
Thursday, January 29, 2026 |
| EDCs provide Foreign Applicants/Guarantors with
assessment of revised documents |
Friday, January 30, 2026 |
| Second Trial Auctions for Registered Bidders |
Tuesday, February 3, 2026 |
| Auction Manager informs Bidders registered in BGS-CIEP Auction of starting prices |
Tuesday, February 3, 2026 |
| Auction Manager informs Bidders registered in BGS-RSCP Auction of starting prices |
Wednesday, February 4, 2026 |
| BGS-CIEP Auction Starts |
Friday, February 6, 2026 |
| BGS-RSCP Auction Starts |
Monday, February 9, 2026 |
| Board decision on Auction results |
Within two business days of close of the BGS-RSCP
Auction or BGS-CIEP Auction, whichever comes later |
| Winning suppliers execute BGS Supplier Master
Agreements |
Within three business days of Board decision |
| Documents provided to bidders by Auction Manager
containing confidential information must be
destroyed |
Within five business days of Board decision |
| BGS-RSCP rates filed with Board |
No later than 30 days prior to becoming effective |
| Power Flows |
Monday, June 1, 2026 |
