Strong RFP response cited by Portland General Electric

Portland General Electric (NYSE: POR) recently reported a strong response to its request for proposals (RFP) seeking between 300 MW and 500 MW of new power generating resources.

The utility said Sept. 10 that the RFP has resulted in 32 bids representing 15 different generating projects. These include benchmark proposals submitted by PGE on Aug. 1 to develop new natural gas-fueled generation. Outside bids were due Aug. 8.

PGE has previously said that it has developed benchmark proposals for the new Carty combined-cycle natural gas plant as well as new gas-fired generation at its Port Westward gas-fueled power plant.

In order to meet energy and capacity needs identified in PGE’s current integrated resource plan, the RFP asked for proposals to provide 300-to-500 MW of baseload resources, about 200 MW of year-round flexible and peaking resources, and two seasonal peaking resources – approximately 200 MW of bi-seasonal (winter and summer) peaking supply and about 150 MW of winter-only peaking supply.

The bids included 1,627 MW of seasonal peaking resources, 1,651 MW of flexible capacity, and 5,826 MW of baseload offers, PGE said in a statement.

The company noted that a single generating resource could be included more than once, where bidders submitted multiple configurations using that resource. The bids received include a mix of projects to be sold to PGE under asset purchase agreements and projects that would sell power to the utility under long-term purchase agreements.

PGE expects to develop a short list for negotiation by the end of November. Names of bidders and other details will remain confidential.

Final selections are expected in late 2012 or early 2013. The flexible and peaking resources are expected to be available in the 2013-2015 timeframe and the baseload energy resources are expected to be available in the 2015-2017 timeframe.

Accion Group, an independent evaluator hired by the Oregon Public Utility Commission, is helping conduct the RFP and reviewing bids to assure an open and impartial process, PGE said.

PGE is also developing a second RFP for new generating resources, which will seek about 100 average MW of renewable power. PGE anticipates the renewable resources to be in service to help meet PGE’s 2015 requirements under Oregon’s renewable portfolio standard. The draft renewables RFP was submitted to the OPUC for review on July 25. The commission is expected to consider the draft RFP at its public meeting Sept. 25.

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.