ABB_id2059
in News Departments > RFP
print the content item

Philadelphia-based utility PECO has issued a request for proposals (RFP) to help the company fulfill the requirements of Pennsylvania's Alternative Energy Portfolio Standards (AEPS) legislation. The details of the RFP will be discussed in a teleconference Nov. 24.

The AEPS Act requires that by 2011, 3.5% of the energy sold to PECO customers be made up of energy generated from renewable resources such as wind, low-impact hydro, methane, geothermal, biomass or fuel cells, as measured by renewable energy credits (RECs).

PECO conducted its first competitive RFP in March 2008 and recently entered into an agreement to purchase 240,000 RECs within five years.

With this second RFP, the company is seeking fixed-price, five-year agreements to purchase up to a total of 410,000 RECs annually. PECO anticipates entering into the agreements by February 2009, with purchases beginning no later than Dec. 31, 2009.

PECO has again retained Navigant Consulting to serve as an independent RFP monitor. The monitor will oversee PECO's bidder evaluation process, evaluate bid proposals and report to the Pennsylvania Public Utility Commission on the results of the RFP.

For more information: exeloncorp.com.

SOURCE: PECO

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015