The REC RFP is for a one-year contract length in which the Bid Categories are RECs produced by a solar photovoltaic renewable energy resource located within Illinois, Wisconsin, Iowa, Missouri, Kentucky, Indiana, or Michigan and RECs produced by a solar photovoltaic renewable energy resource located elsewhere. The procurement event is occurring in April 2015. There is no bid minimum. There is a non-refundable Bid Participation Fee of $500. Bidders also submit a Pre-Bid Letter of Credit as a requirement of the Part 2 Proposal in an amount no less than $2 times the number of RECs for which the Bidder is placing a Bid across all Products (i.e., all locations) for a given Company or $10,000, whichever is greater. The Company is either ComEd or Ameren; Bidders submit separate bids for each Company. The REC RFP is a procurement event under the Regular Plan.