No, the Letter of Credit to support the bid will be cancelled and returned to the bidder.  If the bidder is not a winning bidder in the RFP, such cancellation and return will occur as soon as practicable after the Commission decision on the results of the procurement event.  If the bidder is a winning bidder in the RFP and the winning bidder will sign a REC Contract with a Company, such cancellation and return will occur once all formalities of contract execution with the Company have been completed and once all suppliers fees have been paid to the IPA.

Revised 8-1-2017 first posted 6-25-2017