20 Va. Admin. Code § 5-301-50
The evaluation of bids submitted in a bidding program must be based on the criteria identified in the utility's request for proposal. Bids should compete not only with other bids but also with the company's own build options, including plant life extensions.
While a company's build option need not be treated as a sealed bid, the utility must be able to demonstrate that it has objectively evaluated its build option against the bids received.
It should be recognized that the utility's evaluation will be under close scrutiny by the Commission staff and other interested parties. Unsuccessful bidders should have an opportunity to meet with the utility to discuss the evaluation of their bids.
20 Va. Admin. Code § 5-301-50
Statutory Authority
§§ 56-234.3, 56-234.4, 56-235.1 and 56-249 of the Code of Virginia.