W&S-53: If a bidder is a winning bidder in the RFP, but does not move forward to sign a REC contract with a Company, is the bid assurance collateral forfeited?

Yes. As a part of your Proposal, you will be required to certify, among other things, that you agree to sign the REC Contract within the required timeframe if your project is selected and approved by the Illinois Commerce Commission (“ICC”). Should you fail to execute the REC Contract, then your Bid Assurance Collateral would be forfeited.