On January 28, 2011, Governor Christopher Christie signed into law P.L. 2011, c. 9, amending and supplementing P.L. 1999, c. 23, establishing a Long-term Capacity Agreement Pilot Program (LCAPP) to promote the construction of qualified electric generation facilities for the benefit of New Jersey's electric consumers. On February 10, 2011, the New Jersey Board of Public Utilities (BPU) issued an Order initiating a proceeding to implement the actions the BPU is required to undertake by P.L. 2011, c. 9, referred to on this website as the LCAPP Law.
Levitan & Associates, Inc. has been retained as the BPU's agent to administer the LCAPP. This website shall serve as a document repository and information portal for the LCAPP process for eligible generators and other interested parties. | Subscribe to Updates
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News and Highlights
Thuresday, 3/24/2011
Monday, 3/21/2011
- Agent Report posted to the Bidder Information page
- New Q&A posted regarding public availability of report and Board vote
- New Q&A posted regarding commenting on the Agent Report
- New Q&A posted regarding inclusion of non-conforming bids in the Agent Report
Tuesday, 3/15/2011
Monday, 3/14/2011
- New Q&A posted regarding whether March 15th issuance will be public
- New Q&A posted regarding contents of March 15th issuance
Thursday, 3/10/2011
- Details of schedule public hearings on LCAPP available on BPU website
Wednesday, 3/9/2011
- New Q&A posted regarding responses to outstanding Agent Question Sets
Tuesday, 3/8/2011
- Date of Board Order on Recommended SOCAs has been changed to March 29, 2011; see Schedule page for more details
Monday, 3/7/2011
- New Q&A posted regarding submission of original Bid Letters of Credit
- New Q&A posted regarding submission of multiple bids
- New Q&A posted regarding an alternative address for the JCP&L Bid Letter of Credit beneficiary
- Reminder: The bid submission deadline is 5:00 pm EPT *TODAY* including Bid Collateral and Officer Certification Form
Saturday, 3/5/2011
- New Q&A posted regarding Force Majeure circumstance and clarification of Q68
- Technical Comments to the SOCA are now posted to the Bidder Information page
Friday, 3/4/2011
- New Q&A posted regarding Force Majeure circumstance
- New Q&A posted regarding commercial operation timing and penalties
- New Q&A posted regarding Delivery Term security
- New Q&A posted regarding prequalification update
- New Q&A posted regarding bids conditioned on SOCA modifications
- New Q&A posted regarding clarification of "lowest commercially reasonable"
- New Q&A posted regarding conditional bids
- New Q&A posted regarding eligibility determinations
- New Q&A posted regarding comparisons to Connecticut process
- New Q&A posted regarding additional SOCA revisions
- New Q&A posted regarding Agent role
- New Q&A posted regarding procedural timing
- New Q&A posted regarding discount rate
- New Q&A posted regarding deadlines for question submission
- New Q&A posted regarding acceptability of a change to the Bid Letter of Credit
- New Q&A posted regarding a beneficiary clarification to the Bid Letter of Credit
- New Q&A posted regarding receipt of eligibility notifications on March 3rd
Thursday, 3/3/2011
- New Q&A posted regarding the prequalification process
- New Q&A posted regarding posting of cash held in escrow as Bid Security
- New Q&As posted regarding use of a guarantor
- New Q&A posted regarding Early Termination
- New Q&As posted regarding Event of Default
- New Q&A posted regarding the credit requirements for the LCAPP process
- New Q&A posted regarding SOCP bid form submission
- Proposed payment methodology submission is now posted to the Bidder Information page
- Supplemental Reply Comments to the SOCA are now posted to the Bidder Information page
Wednesday, 3/2/2011
- New Q&As posted regarding the Agent Question Sets
- New Q&A posted regarding the deadline to submit resposes to the Agent Question Sets
- Board / LCAPP Agent Final Proposed Form SOCA is now available in redline form on the Bidder Information page
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