PSE Eyes Three New Sources of Long-Term Power Supply

Posted by NAW Staff on July 31, 2008 No Comments
Categories : FYI

Puget Sound Energy (PSE), the utility subsidiary of Puget Energy, is pursuing the acquisition of 560 MW of new, long-term electricity supply – including more wind power – from three outside parties.

The targeted resources constitute the screened short list of more than 30 power-supply bids PSE received from regional energy producers and marketers in response to the utility's request for proposals (RFP) in January. PSE hopes to secure the short-listed resources over the next 12 to 18 months.

The three short-listed resources include two 20-year power purchase agreements from wind farms in Washington and Oregon – together totaling 250 MW of power capacity – and the acquisition of an existing natural gas fired power plant in Washington. In addition to these long-term resources, PSE is looking to sign a short-term, winter-only power-purchase agreement from the RFP bids.

PSE says it will withhold additional details about the projects until further analysis is completed and contracts are signed.

SOURCE: Puget Sound Energy

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