FirstEnergy Corp. has announced that a request for proposals (RFP) will be issued to purchase 71,000 Solar Photovoltaic Alternative Energy Certificates (SPAECs) annually over a two-year period on behalf of three of FirstEnergy’s Pennsylvania utilities: Pennsylvania Power Co., Pennsylvania Electric Co., and Metropolitan Edison Co.
The RFP process will be conducted by The Brattle Group and will take place in October and November, with qualifying applications due by Wednesday, Oct. 11, and bids due by Wednesday, Nov. 1. Bidders in this RFP can offer to sell tranches of SPAECs, where each tranche represents a commitment to sell 500 SPAECs annually over a two-year period. Based on the RFP results, FirstEnergy’s Pennsylvania utilities will enter into separate agreement(s) with winning suppliers to purchase the necessary quantities of SPAECs.
Further information about the RFP is available on FirstEnergy’s website here.