A Bidder is not allowed to post cash for purposes of satisfying the requirements of the Part 2 Proposal (however, please note that a Bidder with Bids approved by the Commission may post cash under the terms of the applicable supplier contract).

A Bidder that intends to submit Bids for a Company’s Products must submit by the deadline for Part 2 Proposals an executed Pre-Bid Letter of Credit drawn for the account of the Bidder in an amount sufficient to support the Bids. The Pre-Bid Letter of Credit for a Company must be 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 the Company or $10,000, whichever is greater. The maximum amount for the Pre-Bid Letter of Credit for Ameren is $60,424. The maximum amount for the Pre-Bid Letter of Credit for ComEd is $99,500.

The Pre-Bid Letter of Credit must be in the form of the Standard Pre-Bid Letter of Credit or incorporate only modifications approved by the Company and posted to the procurement website. The Pre-Bid Letter of Credit must be issued by a bank that satisfies the rating requirements of Paragraph 14 of the Pre-Bid Letter of Credit. A Pre-Bid Letter of Credit for a Company is delivered directly to the Company according to the instructions provided in the RFP Rules.