The Issuing Bank may request that the Pre-Bid Letter of Credit for a Company be cancelled before the Expiration Date but after the ICC renders its decision on the results of a procurement event if either: 1) the Bidder is a winning Bidder, the applicable supplier contract and related documents have been executed, the Bidder has met the credit requirements under the applicable supplier contract, and the Bidder has completed payment of the Supplier Fees due to the Illinois Power Agency; or 2) the Bidder is not a winning Bidder. Please see paragraph VI.2.18 for additional information on deadlines related to the Post-Bid Process.

The Issuing Bank should send such request for cancellation by email to the email addresses provided in the applicable Pre-Bid Letter of Credit for a Company. A Company will cancel the Pre-Bid Letter of Credit by sending an electronic PDF file of Annex 3 Certificate of Cancellation executed by an Authorized Officer of the Company.