No. Each Bidder in the New Solar RFP will be required to provide bid assurance collateral in the form of cash or a letter of credit separately to each of the three Companies (Ameren Illinois Company (“AIC”), Commonwealth Edison Company (“ComEd”), and MidAmerican Energy Company (“MEC”)) for all the Projects for which the Bidder is presenting a Part 2 Proposal. The required amounts are as follows:
- $4,000/MW for AIC up to a maximum of $850,000;
- $10,000/MW for ComEd up to a maximum of $2,100,000; and
- $1,000/MW for MEC up to a maximum of $250,000.
For purposes of determining the amount of bid assurance collateral, the size of the Project will be rounded up to the nearest megawatt. If the Bidder fails to provide bid assurance collateral to one or more of the Companies, the Part 2 Proposal for one, several, or all Projects will automatically be deficient and will be rejected.
If you are unable to meet the bid assurance collateral requirement for the aggregate size of the Projects presented in the Part 1 Proposal, you may opt to decrease the number of Projects for which you present a Part 2 Proposal so as to lower the aggregate size of the Projects and thus the amount of bid assurance collateral required.