People’s Electric Cooperative issues RFPs for 140 MW

Oklahoma-based People’s Electric Cooperative (PEC) has issued three requests for proposals (RFPs) that together could amount to 140 MW.

The cooperative is seeking up to 75 MW of firm capacity; 50 MW of wind energy and 15 MW of solar power. In each case, the cooperative is seeking long-term agreements of anywhere from 10 to 30 years.

Bidders must be able to begin delivery to the PEC service territory in Oklahoma within the 2016 to 2018 timeframe.

Burns & McDonnell is assisting PEC with all three competitive bid proposals. In each case, prospective bidders are encouraged to file a ‘notice of intent to respond’ by Nov. 1. Bids must be received by Burns & McDonnell by Nov. 25.

A “shortlist” could be notified in December with negotiations beginning in the first quarter of 2014, according to the 75-MW RFP document. PEC reserves the right to reject any or all proposals, the cooperative said.

**The largest RFP seeks up to 75 MW of firm, dispatchable generating capacity or firm energy. Resources submitted in response to this RFP must be at least 25 MW in size.

PEC is seeking long-term power purchase agreements, asset purchase options, and tolls in response to this RFP. PEC will only consider buying the generating asset, however, if has at least 10 years of useful life remaining, according to the RFP.

As a distribution cooperative receiving transmission service from the Southwest Power Pool (SPP), PEC has issued this RFP to solicit competitive proposals for the purpose of satisfying the company’s internal capacity or energy requirements.

** PEC is also seeking up to 50 MW of wind power. Resources submitted in response to the wind RFP must be at least 10 MW in size and be able to begin delivery to the PEC service territory in Oklahoma within the 2016 to 2018 timeframe (subject to an option for earlier delivery described in the RFP).

“While not mandated to do so, PEC strives to incorporate renewable resources into its generation portfolio,” according to the RFP notice.

** Finally PEC has issued an RFP for up to 15 MW of solar power. Resources submitted in response to this RFP must be at least 2 MW in size.

Burns & McDonnell will assist with the preparation of the RFP and to act as an independent third party during the evaluation of bids. All questions concerning the RFP shall be directed to Burns & McDonnell at PeoplesRFP@burnsmcd.com.

People’s Electric Cooperative (PEC) is a rural electric distribution cooperative providing electrical service to approximately 15,000 members in 11 south central Oklahoma counties.

 

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.