Duquesne Light Company's Default Service Plan

Bidding Rules

RUL 00002

Question: Do tranches that are pulled from the auction and tranches that are shifted into other products have the same chance of being rolled back into a prior round product?

Answer: No, if a bidder reduced the total number of tranches it bid across all products, those “reduced” tranches are more likely to be used for rollbacks than tranches that were “switched” from one product to another. As much as possible, such “reduced” tranches are used first for rollbacks, and then “switched” tranches are used for rollbacks if necessary.

RUL 00004

Question: If an investor company owns minority stake in 2 of the registered bidders, do these 2 registered bidders share the same load cap (50%)?

Answer: Common minority ownership may or may not meet the criteria for Bidder Associations. A Qualified Bidder is associated with another Qualified Bidder if the two bidders have ties that could allow them to act in concert or that could prevent them from competing actively against each other. Bidders are required to disclose such associations in their Part 2 applications. Please see sections 11.4 and 12 of the Bidding Rules for more information.

FAQs Disclaimer

The information provided in the Frequently Asked Questions (“FAQs”) section of the Site has been prepared by Duquesne and its advisors for the purposes of facilitating the Default Service auction process. The information presented and distributed here is subject to update, modification and/or amendment. The information is current as of the posting date. The material presented and distributed here is for informational purposes only and is made available with the understanding that any individual accessing it will use it for the sole purpose of participating in the aforementioned Default Service auction process. The information is not intended to form any part of the basis of any investment decision, valuation, or any bid that may be submitted during the Default Service auction process. This information should not be relied upon, and each recipient should make its own independent assessment of the subject opportunity after making all investigations it deems necessary.

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