Announcements


BEC-50: Can we use an alternate form of guaranty with either AIC or ComEd?

No. Bidders in the AIC Energy procurement event wishing to rely on the financial standing of a Guarantor must use the standard form of guaranty, Form of Guaranty, and may incorporate the optional changes for AIC. The optional changes for AIC are in the documents named “Schedule 1 to the Form of Guaranty” and “Schedule 2 to the Form of Guaranty”. Bidders in the ComEd procurement event wishing to rely on the financial standing of a Guarantor must use the standard form of guaranty, Schedule 2 to Collateral Annex (Guaranty), and may incorporate the optional changes for ComEd. The optional changes for ComEd are in the document named “Optional Changes to the Form of Guaranty”. A Bidder may also meet the collateral requirements of the (AIC) Confirmation Agreement and (ComEd) Master Agreement by posting cash or using one of two options for the Post-Bid Letter of Credit available under each of the applicable supplier contracts. All documents referenced are posted to the Final Materials page of the procurement website.