The Third Party Supplier (TPS) Agreement notes that if a TPS does not meet creditworthiness standards on its own merit, it must provide an alternative credit arrangement. The TPS Agreement defines the several types of alternative credit arrangements available to Suppliers.
The following files are available to assist Suppliers in demonstrating TPS creditworthiness using an alternative credit arrangement:
In addition to the creditworthiness requirements described in the TPS Agreement, Jersey Central Power & Light Company (JCP&L) will accept a minimum rating of BBB- from Fitch IBCA as one of the two ratings required to demonstrate creditworthiness. JCP&L will continue to accept ratings from S&P, Moody's, and Duff & Phelps.
JCP&L requests an initial credit amount of $250,000 and a TPS may be required to provide additional credit amount at a later date as stipulated in the Third Party Supplier Agreement Appendix B.
Supplier Support must be informed of the specific alternative credit arrangement that the TPS will use to demonstrate creditworthiness.
(11/19/08)
