Philadelphia-based utility PECO has issued a request for proposals (RFP) to help the company fulfill the requirements of Pennsylvania's Alternative Energy Portfolio Standards (AEPS) legislation. The details of the RFP will be discussed in a teleconference Nov. 24.
The AEPS Act requires that by 2011, 3.5% of the energy sold to PECO customers be made up of energy generated from renewable resources such as wind, low-impact hydro, methane, geothermal, biomass or fuel cells, as measured by renewable energy credits (RECs).
PECO conducted its first competitive RFP in March 2008 and recently entered into an agreement to purchase 240,000 RECs within five years.
With this second RFP, the company is seeking fixed-price, five-year agreements to purchase up to a total of 410,000 RECs annually. PECO anticipates entering into the agreements by February 2009, with purchases beginning no later than Dec. 31, 2009.
PECO has again retained Navigant Consulting to serve as an independent RFP monitor. The monitor will oversee PECO's bidder evaluation process, evaluate bid proposals and report to the Pennsylvania Public Utility Commission on the results of the RFP.
For more information: exeloncorp.com.
SOURCE: PECO
