Portland General Electric files draft renewable RFP for 101 MW

Portland General Electric (NYSE: POR) is seeking to acquire 101 MW of mid-to-long term renewable energy supply bundled with their associated renewable energy credits, or RECs, for the 2013-to-2017 time frame, the company said July 25.

The Portland, Ore.,-based utility outlined its plans in a final draft request for proposals (RFP) with the Oregon Public Utility Commission. The company said it would consider biomass, wind, geothermal and solar power, among other options.

The utility also said it will consider a variety of structures and commercially viable resource types. Power purchase agreements (PPAs) as well as a variety of options, including sales of existing assets, build-own-transfer agreements are among options that could be considered.

Any resources must meet the requirements of Oregon’s renewable portfolio standard (RPS). Accion Group will act as the independent evaluator for the renewable RFP.

The schedule calls for Accion Group to submit its assessment of the final draft renewable RFP to the PUC on Aug. 10.After various levels of state staff review, PGE is expected to issue the actual RFP on Sept. 25. RFP responses are due Nov. 13.

PGE would then identify an initial “short list” in January 2013 and a final short list around Feb. 5, 2013. The dates, however, are subject to change by the PUC. Each bidder must pay a non-refundable bid fee, according to the 68-page draft RFP.

The minimum bid amount is 10 MW for this renewable RFP.

A PGE spokesperson said in an email that the renewable RFP is in addition to the ongoing energy and capacity RFP that closes for bids on Aug. 8.

PGE serves about 825,000 retail customers within a 4,000 square mile service territory. The company owns roughly 1,930 MW for resource planning purposes.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.