SCE Issues Energy Auction for Wellhead Delano Generating Facility
Southern California Edison Company (“SCE”) seeks to sell, by this energy auction (“Wellhead Delano Energy Auction”), the energy output from the generating unit contracted to SCE under a power purchase agreement with Wellhead Power Delano LLC. SCE invites qualified market participants to respond to the Wellhead Delano Energy Auction for the following products:
- Back-to-Back Toll
- Residual Back-to-Back Toll
- Day-Ahead Unit Contingent Call Options
SCE intends to participate in the Wellhead Delano Energy Auction by bidding on the Back-to-Back Toll.
The Wellhead Delano Energy Auction Instructions sets forth the products offered in the Wellhead Delano Energy Auction, the schedule and process by which bids to buy (“Bids”) are to be submitted and evaluated in response to the Wellhead Delano Energy Auction, as well as SCE’s reservation of rights.
Wellhead Delano Energy Auction Instructions (PDF)
Exhibit 1 of the Wellhead Delano Energy Auction Instructions sets forth the principles of an energy auction process and description of certain products for use in such auctions as set forth in Appendix A of Decision D.07-09-044.
Exhibit 1 “Appendix A from CPUC Decision 07-09-044” (PDF)
INTERESTED PARTIES MUST SUBMIT A FULLY EXECUTED NONDISCLOSURE AGREEMENT, DOCUMENT ATTACHED BELOW. ONCE THE EXECUTED NONDISCLOSURE AGREEMENTS ARE RECEIVED, SCE WILL SEND PARTICIPANTS PRE-BID DOCUMENTS.
Nondisclosure Agreement (MS Word)
Executed Nondisclosure Agreements can be converted to a PDF and e-mailed to EnergyAuction@sce.com or a hard copy can be mailed to the following address:
Erica Darplee, Energy Auction
Southern California Edison Company
G.O. 1, Quad 1-C
2244 Walnut Grove Avenue
Rosemead, California 91770
All questions should be submitted to SCE at EnergyAuction@sce.com. (At SCE’s discretion, answers to such questions will be posted on the Energy Auction Website.)
SCE has also provided the following personnel as contacts for the Wellhead Delano Energy Auction:
- Erica Darplee (626) 302-3732
- Jesse Bryson (626) 302-3297
In accordance with D.07-09-044, SCE has retained an Independent Evaluator to oversee the preparation and administration of the Energy Auction and provide independent feedback to the Commission’s Energy Division and to participate in SCE’s Procurement Review Group established by the Commission in D.02-08-071 (“PRG”) and SCE's Cost Allocation Mechanism Group established by the Commission in D.07-12-052 ("CAM Group”). The Independent Evaluator, Sedway Consulting, Inc., as specified below, must be copied on all emails sent by bidders to SCE, including and especially, bid submissions.
Alan.Taylor@sedwayconsulting.com
Energy Auction Timeline
SCE reserves the rights at any time to change any dates specified in this Energy Auction.
| Timeline | Event |
|---|---|
| December 1, 2011 | SCE posts Energy Auction Instructions and Exhibit 1 thereto and Non-Disclosure Agreement (“NDA”); After December 1, 2011, SCE sends Exhibits 2-5 of the Energy Auction Instructions to stakeholders who have returned to SCE a fully executed NDA |
| February 9, 2012 | Stakeholder Process Meeting 1 (**NDA Execution required prior for participation in the Stakeholder Process**) |
| March 15, 2012 | Stakeholder Process Meeting 2 |
| April 3, 2012 | Final Bid Documents issued and NDA execution deadline |
| April 10, 2012 | Deadline to Submit Notice of Intent |
| April 24, 2012 | SCE to establish bid eligibility for Parties interested in bidding on the BtB Tolling Agreement (“BtB PPA) and Residual BtB Tolling Agreement (“RBtB PPA”) |
| May 1, 2012 11 AM PPT |
Bid Submission |
| May 1, 2012 11:30 AM PPT |
If necessary, SCE formats Acceptable Counterparty Information, as defined in Section E.2.4 below, with counterparties bidding on the RBtB PPA or Call Options and send to those counterparties |
| May 1, 2012 12:30 PM PPT |
Deadline for counterparties to send back Acceptable Counterparty Information |
| May 1, 2012 2 PM PPT |
SCE to notify Successful Bidder and execute BtB PPA or RBtB PPA and successful Bidders for the RBtB PPA and Call Option to execute Confirmation for Day-Ahead Unit Contingent Call Options under the existing EEI Master Power Purchase & Sales Agreement or ISDA between RBtB Toll Holder and Call Option Holder, as applicable |
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