Announcements


Indexed REC-58: What is the required bid assurance collateral amount for utility-scale solar projects located in the ComEd territory? Are we required to submit bid assurance collateral to all three companies?

The amount of bid assurance collateral required for a Project is determined separately for each Company as detailed below.  For the Bidder to be able to submit Bids on its Projects, the Bidder must have submitted bid assurance collateral to all three (3) Companies in an amount that is sufficient given the aggregate size of the Bidder’s Projects. If the Bidder fails to provide bid assurance collateral to one or more of the Companies, all of the Bidder’s Bids will be rejected and none of the Bids will be evaluated.

For purposes of determining the amount of bid assurance collateral, where applicable, the aggregate size of the Projects presented by a Bidder will be rounded up to the nearest megawatt.

  • The amount of bid assurance collateral required for AIC is $5,500/MW multiplied by the aggregate size of all utility-scale solar projects.  The amount of bid assurance collateral tendered to AIC across all utility-scale solar projects presented by a Bidder need not exceed $5,500,000.
  • The amount of bid assurance collateral required for ComEd is $13,000/MW multiplied by the aggregate size of all utility-scale solar projects.  The amount of bid assurance collateral tendered to ComEd across all utility-scale solar projects presented by a Bidder need not exceed $13,000,000.
  • The amount of bid assurance collateral required for MEC is $1,000/MW multiplied by the aggregate size of all utility-scale solar projects.  The amount of bid assurance collateral tendered to MEC across all utility-scale solar projects presented by a Bidder need not exceed $1,000,000.

For example, if the bidder presents utility-scale solar projects with an aggregate size of 20 MW, the bidder would submit 20 x $5,500 = $110,000 to AIC, 20 x $13,000 = $260,000 to ComEd, and 20 x $1,000 = $20,000 to MEC.  The Bidder would send each of these amounts to the corresponding Company separately, in the form of cash or letter of credit, following all instructions provided by the Procurement Administrator by email on April 12, 2022.