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PGE Issues Draft RFP For Electric Power Generating Resources

Portland General Electric Company (NYSE: POR) today issued a draft of a request for proposals (RFP) that is expected to open for bids in the second quarter of 2012, seeking electric power generating resources to help meet PGE’s capacity and energy needs. The draft RFP gives potential bidders an opportunity to review and ask questions about PGE’s request in advance of the bidding window.

“We continue to focus on following an open and impartial process to acquire new resources needed to serve our customers,” said Jim Lobdell, PGE’s vice president for power operations and resource strategy. “This gives potential bidders an additional opportunity to gather the information they need to develop competitive proposals, and it gives us an opportunity to gain important feedback before we finalize our request.”

In keeping with guidance issued by the Oregon Public Utility Commission in September 2011 the draft RFP combines a request for resources to meet day-to-day “baseload” power needs with a request for flexible and “peaking” resources to meet periods of high demand and help integrate variable renewable energy resources into PGE’s system.

Specifically, the RFP will seek approximately 400 megawatts of baseload resources, approximately 200 megawatts of year-round flexible and peaking resources, and two seasonal peaking resources -- approximately 200 megawatts of bi-seasonal (winter and summer) peaking supply and approximately 150 megawatts of winter-only peaking supply. PGE plans to bring these resources into its portfolio in the 2013-2017 timeframe.

PGE will hold two workshops to help inform interested parties and potential bidders and seek input on the draft RFP. On Jan. 18, 2012 non-bidding stakeholders are invited to attend a workshop from 9:30 a.m. until noon in the World Trade Center Conference Center, 121 SW Salmon Street in Portland, Ore. Later that same day, potential bidders are invited to attend a workshop from 1:30 p.m. until 3:00 p.m. at the same location.

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