Invenergy says that the Illinois Commerce Commission (ICC) has issued approval for the company to enter into long-term renewable power purchase agreements (PPAs) with ComEd and Ameren Illinois. As a result, Invenergy will complete the development of two new energy centers in the state.
Invenergy will enter into two 20-year agreements with ComEd: one for solar power, and one for wind power. (Invenergy also will enter into a 20-year wind power contract with Ameren Illinois.) Solar energy for Invenergy's contract with ComEd will be generated at a photovoltaic facility to be built in Illinois.
The ICC decision affirms the recommendations developed by the Illinois Power Agency (IPA) in its 2009 Power Procurement Plan. The plan is designed to secure energy assets on behalf of the two utility companies and provide Illinoisans with reliable, cost-effective power.
Approval for the three Invenergy agreements follows a procurement process that began in August, when the IPA issued a request for proposals. Final contracts are expected to be executed by the end of this month, with energy delivery beginning in summer 2012.