FirstEnergy (NYSE:FE) has issued a request for proposals (RFP) to purchase various types of renewable energy credits for its Ohio utilities – Ohio Edison, Cleveland Electric Illuminating (CEI), and Toledo Edison.
Proposals are due by 3 p.m. on Oct. 14 for the RFP that is designed to help the utility subsidiaries meet the 2013 renewable energy targets established under Ohio’s alternative energy law.
The RFP process will be run by Navigant Consulting. FirstEnergy will be seeking to buy both In-State and All-State Solar Renewable Energy Credits (SRECs) and both In-State and All-State Renewable Energy Credits (RECs) for its Ohio utilities.
The credits sought in the RFP must be produced by renewable generating facilities that are either certified by the Public Utilities Commission of Ohio (PUCO) or are in the process of being certified by the PUCO. The SRECs and RECs must be generated between Jan. 1, 2011, and Dec. 31, 2013. The following amounts and locations are being sought:
**100 SRECs generated in Ohio;
**6,500 SRECs generated in Ohio or states contiguous to Ohio;
**120,000 RECs generated in Ohio; and
**145,000 RECs generated in Ohio or states contiguous to Ohio.
FirstEnergy and Navigant will hold a web-based seminar on Sept. 19 at 11 a.m. to outline the RFP process.
To participate in the RFP, potential bidders are encouraged to submit credit applications by Oct. 8, 2013, and proposals are due October 14 by 3 p.m.
PUCO has said 25% of the electricity sold by each utility or electric services company in the state must be generated from alternative energy sources by the year 2025.
At least 12.5% must be generated from renewable energy resources, including wind, hydro, biomass and at least 0.5% solar. The remainder can be generated from advanced energy resources, including nuclear, clean coal and certain types of fuel cells. In addition, at least one half of the renewable energy used must be generated at facilities located in Ohio. All companies must meet annual renewable and solar energy benchmarks that increase as a percentage of electric supply each year.
The RFP Manager is Dan Bradley, Director, Navigant Consulting. He can be reached at (516) 876-4036, or by email at firstname.lastname@example.org.
Additional information can be found at https://www.firstenergycorp.com/upp/oh/rec_procurements/2013ShortTermRECRFP.html