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Utility company PECO is inviting alternative energy producers to submit bids to sell alternative energy credits to help the company fulfill renewable energy requirements set by Pennsylvania's recent Alternative Energy Portfolio Standards (AEPS) legislation.

The AEPS legislation requires that by 2011, 3.5% of the energy consumed by PECO customers be provided through renewable resources, such as wind, low-impact hydro, methane, geothermal, biomass or fuel cells.

By seeking bids through a competitive request for proposals (RFP) process, PECO intends to enter into fixed-price, five-year agreements to purchase up to a total of 250,000 credits per year. PECO anticipates entering into the agreements by this spring for delivery beginning no later than Dec. 31. A second round of bidding this fall will seek the purchase of an additional 200,000 credits annually, for delivery beginning no later than Dec. 31, 2009.

PECO has retained Navigant Consulting to serve as an independent RFP monitor and has scheduled a teleconference for Jan. 22 to outline the details of the RFP process and the terms of the agreements.

Deadline: Pending

For more information: peco.com/aeps.

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