FirstEnergy’s Ohio utilities seeking renewable credits in RFP

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 rfp@navigant.com.

Additional information can be found at https://www.firstenergycorp.com/upp/oh/rec_procurements/2013ShortTermRECRFP.html

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.