PECO Energy Co. seeks proposals from alternative energy producers to supply energy credits to help the utility meet renewable energy requirements set by Pennsylvania’s Alternative Energy Portfolio Standards.
PECO plans to conduct a teleconference Jan. 22 to outline details of the request for proposals process.
The Alternative Energy Portfolio Standards require that by 2011, 3.5 percent of the energy consumed by PECO customers be provided from renewable resources such as ï¿½low-impactï¿½ hydro, wind, methane, geothermal, biomass, or fuel cells. Energy generators sell the credits on a one-to-one basis each time they produce 1 MW from renewables.
PECO said it intends to enter into fixed-price, five-year agreements to purchase up to 250,000 credits per year. PECO anticipates entering into the agreements by this spring, for delivery beginning no later than Dec. 31, 2008. A second round of bidding this fall will seek an additional 200,000 credits annually, for delivery beginning no later than Dec. 31, 2009.
PECO has retained Navigant Consulting Inc. to serve as an independent monitor to oversee the bidder evaluation process, evaluate bid proposals, and report to the Pennsylvania Public Utility Commission. The state regulatory commission in December 2007 approved PECO’s plan to satisfy the renewable energy requirements.
The company said suppliers who want to participate in the Jan. 22 teleconference must send an e-mail with ï¿½AEC Bidder Teleconferenceï¿½ in the subject line to email@example.com. PECO will provide dial-in information on the teleconference via return e-mail. Additional information also is available on-line at www.peco.com/aeps.