This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PGE Issues RFP For New Renewable Resources

Portland General Electric Company (NYSE:POR) today issued a request for proposals seeking power generating resources to help PGE comply with Oregon’s renewable energy standard.

“A growing percentage of the electricity we deliver to our customers comes from renewable resources,” said Jim Lobdell, PGE’s vice president for power operations and resource strategy. “This RFP will be an important step in meeting the state’s renewable power goals, and together with our separate RFP for baseload and capacity resources will help solidify our ability to continue providing reliable, affordable power to our customers for years to come.”

The RFP seeks approximately 100 average megawatts of renewable power – enough to serve more than 83,000 typical PGE residential customers. Renewable generation resources must meet a minimum size of at least 10 megawatts, and can represent a variety of technologies including wind, geothermal, biomass, biogas, solar, and hydroelectric power. PGE may acquire a single resource or a mix of resources to achieve the total desired renewable energy target, and anticipates the resources acquired will be brought into the company’s portfolio in the 2013-2017 timeframe.

The utility circulated a draft of the RFP to stakeholders and potential bidders and held workshops before submitting the draft to the Oregon Public Utility Commission on July 25. Following OPUC staff and stakeholder comments, PGE submitted a revised draft on Sept. 10. The commission approved PGE’s renewable resource RFP at a public meeting on Sept. 25.

This RFP will be conducted pursuant to guidelines established by the OPUC and is a significant step in implementing PGE’s current integrated resource plan.

PGE issued a separate RFP earlier this year, seeking baseload energy resources as well as flexible and seasonal capacity resources. The company is currently evaluating the bids received, and expects to develop a short list of bids for negotiation by the end of November.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs