Maryland utilities issue RFPs for wholesale power

Several regulated utilities serving Maryland said Sept. 11 they have issued request for proposals (RFPs) for full-requirements, wholesale electric power supply to meet their standard offer service (SOS).

The RFP was announced by Potomac Edison Company (PE), which is part of FirstEnergy (NYSE:FE); Baltimore Gas and Electric (BGE), which is part of Exelon (NYSE:EXC); along with Delmarva Power, and Pepco, which are part of Pepco Holdings (NYSE:POM).

The utilities are requesting proposals totaling approximately 3,837 MW, including:

• 520 MW for PE

• 2,168 MW for BGE

• 302 MW for Delmarva Power

• 847 MW for Pepco

A joint-utility pre-bid webinar will be held on Sept. 16, at 1 p.m. EDT. The webinar will review the general RFP structure and process, the specific utility bid plans, and the power supply contract.

Each utility will provide market-based supply service to some or all of its electric customers who do not take service from competitive retail suppliers. The RFPs will consist of supply contracts ranging in term from three to 24 months.

For BGE, Delmarva Power, and Pepco, the bidding for Residential contracts will occur in two procurements – October 2015 and April 2016, and the contract term will be 24 months.

For Potomac Edison, the bidding for residential contracts will occur in four procurements – October 2015, January, April, and June 2016, and the contract term will range from 12-to-24 months.

For BGE, the bidding for small commercial Type I contracts will occur in two procurements – October 2015 and April 2016, and the contract term will be 24 months. For Delmarva Power and Pepco, the bidding for small commercial Type I, is combined with Residential contracts and will occur in two procurements – October 2015 and April 2016, and the contract term will be for 24 months.

For PE, the bidding for small commercial Type I contracts will occur in two procurements – October 2015 and January 2016, and the contract term will be 24 months. For all the Maryland utilities, the bidding for larger commercial Type II contracts will be for three-month term contracts and will occur quarterly.

The quarterly procurements will occur in October 2015, January, April and June 2016.

http://finance.yahoo.com/news/maryland-utilities-issue-request-proposals-140900842.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.