Draft BID FORM
is for bid submittal. Please do not alter the Bid Form as any altered forms will not be accepted. Grant will be auctioning a 4.22% slice of the 2022 Priest Rapids Project. This is for Illustrative purposes until the 2022 bid form is finalized
COLLATERAL THRESHOLD TABLE
information on the collateral establishment process.
this is the form of guaranty that will be accepted by Grant PUD. Guaranty and/or collateral postings are required upon Contract execution.
CONTRACT FOR OPEN-MARKET SALE OF PRIEST RAPIDS PROJECT POWER REDLINE
All edits from contract for 2021 Slice are reflected in this document.
This must be filled out and returned to Grant by October 8, 2021, in order to participate in the auction. Please be sure to include the applicant's "Authorized Signatory Booklet" along with the prequalification application. Once your application is processed you will be contacted by Bryndon Ecklund email@example.com notifying you of your Collateral Threshold and Guarantee Requirement.
In addition to the signed Contract, the auction winner will also need to present a board resolution, ordinance or policy authorizing said signatory to enter in a contract with the District for the purchase of energy prior to Contract execution November 9, 2021. If you have a corporate resolution that demonstrates authority to enter into the Contract, please send a copy to us prior to the auction so that we can assure that it meets the legal requirements of our process.
Winner for 2021 PRP Slice
Exelon Generation Company, LLC
History of the Power Auction
On Feb. 11, 1998, the Federal Energy Regulatory Commission (FERC) issued an “Order Modifying Initial Decision," which requires Grant PUD to sell a portion of its firm and non-firm Priest Rapids Project power. We developed a marketing plan to comply with the FERC order. See details, below.
THE PLAN MUST
- Be fair and equitable
- Be non-discriminatory
- Be pursuant to market-based principles and procedures
Grant PUD developed the "open-market auction" (power auction) process to establish the market price of project power in response to the FERC order.
The power auction is the first of its kind in the nation. The first power auction happened in 2005 and has been received well by the industry. It is our goal to not only meet the tenets of the FERC order but also provide access to our clean, renewable, hydro resource on the Columbia River.
Research Documents & Links
You may find these documents and links helpful in evaluating our power products.
Priest Rapids Project (Wanapum & Priest Rapids Hydro Developments - WAPR)
The District's BA Hosting Principles located in Exhibit B of the CONTRACT FOR OPEN-MARKET SALES OF PRIEST RAPIDS PROJECT POWER addresses scheduling requirements and reserves. The District has a requirement that the Auction winner has Grant's BA as the host and that the BA Hosting Principles Appendix is part of the Open Market Contract.
PRP Operations Overview gives a cliff notes overview of significant power and non-power requirements. This information is helpful in understanding operations on the dams and also give insight to interpreting data files available on our website.
Priest Rapids Project Scheduled Outages is a file showing, on a daily basis, when turbines, generators, and transformers are expected to be out of service and the resulting expected number of generators available at both the Wanapum and Priest Rapids Developments.
RESEARCH LINKS - OPERATING AGREEMENTS
Public Utility District No. 2 of Grant County, WA (District) will be conducting an auction for the sale of a percentage portion of the electrical generation output and associated products (Project Slice) from the District’s Priest Rapids Hydroelectric Project.
The information provided on this Web site relates to the auction process and project slice description. While the District believes this information to be accurate, potential bidders shall be solely responsible for conducting their own investigation and analysis. The District makes no warranties or representations of any kind whatsoever relating to the auction or project slice, except as expressly set forth in the written contract documents made available to prospective bidders.