Announcements


Indexed REC-46: What is the required amount of bid assurance collateral? Is there a cap on the amount required to each utility?

The amount of bid assurance collateral required for a Project is determined separately for each Company as detailed below. As described in Paragraphs V.2.3 and V.2.5, a Bidder that submits Proposals for multiple Projects may post bid assurance collateral by effecting a single wire transfer to each Company or a single Pre-Bid Letter of Credit to each Company for all Projects. In this case, to determine the amount of bid assurance collateral across all Projects, for each Company the amount of bid assurance collateral for each Project should be calculated as described below and then the amounts, each already rounded up to the nearest $100, should be summed across all Projects.

  • The amount of bid assurance collateral required for AIC is $1,600/MW for a Wind Project and $5,500/MW for a Solar Project, Brownfield Project, and Hydropower Project.
  • The amount of bid assurance collateral required for ComEd is $4,000/MW for a Wind Project and $13,000/MW for a Solar Project, Brownfield Project and Hydropower Project.
  • The amount of bid assurance collateral required for MEC is $400/MW for a Wind Project and $1,000/MW for a Solar Project, Brownfield Project and Hydropower Project.

For the Bidder to be able to submit Bids on its Project(s), the Bidder must have submitted bid assurance collateral to all Companies in an amount that is sufficient given the Project size for each of the Bidder’s Projects. There is no cap on the amount of bid assurance collateral tendered to each utility.