DUKE ENERGY OHIO INC.'S CBP SSO AUCTIONS
Credit

CRE 00005
Published On: 01/14/2022

Question: In the event of a new award in the upcoming solicitation, will current suppliers be allowed to amend existing parental guaranties to satisfy applicable credit requirements?

Answer: Yes, Duke Energy Ohio will allow current suppliers to amend existing parental guaranties to satisfy applicable credit requirements with a couple of caveats.

Please check that your current parental Guaranty includes the following bolded language in paragraph 2: “WHEREAS, Duke Energy Ohio has entered into or will be entering into one or more Master Standard Service Offer Supply Agreements (each individually and collectively, the “Agreement”).” If the current Guaranty does not include this language, your amendment to the existing Guaranty must incorporate this update.

Please also note, the Master SSO Agreement’s Section 5.6(f) enforces the credit limit to apply to both ICT guaranty and TEA guaranty.

FAQs Disclaimer
Minimize

FAQs Disclaimer

The information presented and distributed in the Frequently Asked Questions (FAQs) may be subject to modifications and/or amendments and is provided for informational purposes only. The information provided in the CBP, or on the CBP Information Website, has been prepared to assist bidders in evaluating the CBP. It does not purport to contain all the information that may be relevant to a bidder in satisfying its due diligence efforts. Neither Duke Energy Ohio, Inc. nor the Auction Manager make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information, and shall not, either individually or as a corporation, be liable for any representation expressed or implied in the CBP or any omissions from the CBP, or any information provided to a bidder by any other source. A bidder should check the CBP Information Website frequently to ensure it has the latest documentation and information. Neither Duke Energy Ohio, Inc., nor the Auction Manager, nor any of their representatives, shall be liable to a bidder or any of its representatives for any consequences relating to or arising from the bidder’s use of outdated information. 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 CBP process. Each recipient should not rely solely on this information and should make its own independent assessment of the potential value to supply the Duke Energy Ohio, Inc.’s load after making all investigations it deems necessary.

Copyright © 2025 CRA International, Inc.   |   Forward-Looking Statements  |  Privacy Statement  |  Terms Of Use