W&S-233: What is the collateral requirement due to each utility? Is it $1.2M and if so how is it divided among the utilities?

As noted in the announcement to Bidders on August 29, the RECs from a Project that is selected through the Wind and Solar RFP and that is approved by the Illinois Commerce Commission will be allocated to the Companies in the following proportions:  29.33% to AIC, 70.34% to ComEd, and 0.33% to MEC.

The Collateral Requirement due upon contract execution with a utility is 50% of the annual contract value for that utility. The contract value is the winning bid price times that number of RECs for that utility.