Pacific Gas and Electric Company (“PG&E”) is seeking offers from sellers (“Participants”) of California Carbon Allowances (CCAs) on the Intercontinental Exchange (ICE) for compliance with the California Air Resources Board (CARB) Cap-and-Trade Regulations. PG&E seeks offers of ICE CCA Vintage 2013 Futures with June 2013 or December 2013 expiry dates, for transaction as ICE block trades on a single day (“Trade Date”) between June 12 and June 25, 2013. PG&E will notify eligible Participants on the morning of the Trade Date, and Participants will have one hour to submit their Offers. PG&E will not announce the date in advance.
Participants must meet the following eligibility conditions as of June 7, 2013 and for the duration of any transaction entered into pursuant to this RFO:
The terms and conditions of the Request for Offers are set forth in the RFO Protocol below.
All times are in Pacific Prevailing Time (PPT)
Event | Date/Time (PPT) |
---|---|
PG&E issues GHG Allowance RFO | May 31, 2013 |
Deadline to submit the Notice of Intent to Participate | June 7, 2013, by 1:00 p.m. PPT |
PG&E confirms receipt of NOI and Participant eligibility. | June 10, 2013 |
Opening of Offer Window | Some Date Between June 12 - June 25, 2013 |
Detailed schedule and procedure is provided in the RFO Protocol document below.
For information or questions about PG&E's GHG RFO, email: GHGRFO@pge.com.