To qualify to submit bids in UGI’s 2025 RFP #2, Bidders must provide UGI with Bid Assurance Collateral in a fixed amount of $150,000. Bid Assurance Collateral may be in the form of cash or a Letter of Credit and must be submitted in accordance with the instructions provided by the Auction Manager. If you are submitting cash, documentation related to returning cash is required.

Winning Bidders will also be required to post Performance Assurance Collateral in the form of cash or Letter of Credit:

• $175,000 for the full requirements product
• $100,000 for the ATC block energy product

If a Bidder chooses to submit a Letter of Credit as Bid Assurance Collateral or Performance Assurance Collateral, the Bidder must use the standard forms posted to the RFP website (and attached to this message for convenience) and may only include modifications that are acceptable to UGI. Please note that the standard form of the Bid Assurance Letter of Credit has changed for the 2025 RFP #2. Beginning with the 2025 RFP #2, only a single Bid Assurance Letter of Credit is required to bid on either the full requirements tranche and/or the ATC block energy; and (ii) a fixed amount of $150,000 is required regardless of the number of products for which the Bidder intends to bid.

Bidders may request modifications to the Bid Assurance Letter of Credit and/or the Performance Assurance Letter of Credit that are non-material in nature or that are advantageous to both UGI and the Bidder. A Bidder requests modifications by submitting by email to UGIDSP@nera.com draft Bid Assurance and/or Performance Assurance Letter(s) of Credit substantially in the form of the standard form using tracked changes in Microsoft Word. Any draft Letter of Credit must be received by the Auction Manager by 5:00 p.m. E.T. on Monday, June 23, 2025. Only one (1) draft Bid Assurance Letter of Credit and one (1) draft Performance Assurance Letter of Credit will be considered per Bidder. Late modifications will not be considered. Responses to proposed modifications will be provided by Monday, June 30, 2025. The Auction Manager will post a final list of modifications that are acceptable to UGI and approved for use on an optional basis by all bidders by Monday, June 30, 2025.