65- 407 C.M.R. ch. 307, § 5

Current through 2024-51, December 18, 2024
Section 407-307-5 - DATES FOR ISSUANCE OF REQUESTS FOR BIDS; TERMINATION OF BIDDING PROCESS
A. Initial Round

On August 2, 1999, each electric utility subject to this Chapter shall issue a request for bids for the electric capacity and energy required to be sold by this Chapter.

B. Subsequent Rounds

On dates thereafter as ordered by the Commission, each utility subject to this Chapter shall issue a new request for bids for the electric capacity and energy required to be sold by this Chapter.

C. Additional Bidding

The Commission may also order a utility to issue a request for bids, pursuant to section 8(B), consistent with section 8(B) or section 10(C). To expedite the selection of a new purchaser, the Commission may waive any of the requirements of section 5.

D. Termination of Bidding Process

When a utility subject to the provisions of this Chapter no longer has an interest in any assets or contracts that are subject to sale of energy and capacity requirements of this Chapter, the utility shall notify the Commission, and the utility will no longer be subject to the provisions of this Chapter.

65- 407 C.M.R. ch. 307, § 5