AKRON,
Ohio, Oct. 16, 2023 /PRNewswire/ -- FirstEnergy
Corp. (NYSE: FE) today issued a Request for Proposal (RFP) to
purchase Ohio-compliant Renewable
Energy Credits (RECs) for its Ohio
subsidiaries – Ohio Edison, The Illuminating Company and Toledo
Edison. The purchases will help meet the companies' 2023 renewable
energy targets established under Ohio's alternative energy law.
RECs sought in this RFP must be:
- Eligible for compliance with the companies' 2023 renewable
energy obligations.
- Sourced from generating facilities certified in accordance with
rules and procedures put forth by the Public Utilities Commission
of Ohio (PUCO).
- Deliverable through PJM Environmental Information System
Generation Attribute Tracking System (EIS GATS) and generated
between Jan. 1, 2021, and
Dec. 31, 2023.
The companies plan to purchase 570,000 RECs, which can include
solar renewable energy credits. One REC represents the
environmental attributes of one megawatt hour of generation from a
PUCO-qualified renewable generating facility. The cost of the RECs
is recovered from the utility's standard service offer customers
through a monthly charge filed quarterly with the PUCO.
No energy or capacity will be purchased under the RFP. The
number of individual bidders is not limited. Participants in the
RFP must meet and maintain specific credit and security
qualifications and must be able to prove their REC generating
facilities are certified or in the process of becoming certified by
the PUCO.
The RFP is a competitive process managed by CRA International,
Inc., a worldwide leader in providing services. Based on the RFP
results, the Ohio utilities will
enter into agreement(s) with winning suppliers to purchase the
necessary quantities of RECs.
FirstEnergy's Ohio utilities
have a website, www.firstenergy-recrfp.com, to provide bidders with
a central source of documents, data and other information for the
RFP process.
On Oct. 24, 2023, at 11:00 a.m. EPT, the FirstEnergy Ohio utilities
and their consultant, CRA International, will conduct a webinar to
outline the RFP process and the terms of the agreement, as well as
to provide a forum to submit any questions. Questions also may be
submitted during the RFP process directly through the RFP
website.
To participate in the RFP, potential bidders are encouraged to
submit credit applications by Nov. 17,
2023, and proposals are due Nov. 28,
2023, by 5 p.m. EPT.
The RFP Manager team can be reached via
e-mail at feouRECrfp@crai.com.
FirstEnergy is dedicated to integrity, safety, reliability and
operational excellence. Its 10 electric distribution companies form
one of the nation's largest investor-owned electric systems,
serving customers in Ohio,
Pennsylvania, New Jersey, West
Virginia, Maryland and
New York. The company's
transmission subsidiaries operate approximately 24,000 miles of
transmission lines that connect the Midwest and Mid-Atlantic
regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or
online at www.firstenergycorp.com.
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SOURCE FirstEnergy Corp.