FirstEnergy Corp. has launched a request for proposals (RFP) to purchase solar renewable energy credits (SRECs) and renewable energy credits (RECs) for its Ohio utilities to meet obligations established under the state's alternative energy law.
The three utilities include Ohio Edison, Cleveland Electric Illuminating and Toledo Edison. According to FirstEnergy, the SRECs and RECs sought in this RFP must be able to be utilized in accordance with rules and procedures put forth by the Public Utilities Commission of Ohio, be deliverable through PJM-EIS GATS, and be generated between Jan. 1, 2012, and Dec. 31, 2014. The RFP will seek 5,100 SRECs and 250,000 RECs, and no energy or capacity will be purchased.
The RFP is a competitive process managed by Navigant Consulting Inc. More information is available at www.feohiorecrfp.com.