PGE seeks 100 megawatts of renewable power
By Erik Siemers
Portland General Electric Co. on Monday announced it is seeking new renewable resources to help comply with Oregon's renewable energy standard.
With a request for proposals filing, the Portland-based electric utility (NYSE: POR) said that it wants to amass around 100 average megawatts of renewable power — enough to serve more than 83,000 typical residential customers.
The utility could meet that goal either from one project or many, but said it will only consider projects that produce at least 10 megawatts of power from any of wind, geothermal, biomass, biogas, solar or hydroelectric resources.
The acquired power would be brought into the company's renewable energy portfolio between 2013 and 2017.
Oregon requires utilities to get 25 percent of their power from renewable resources by 2025, while meeting several other benchmarks along the way.
Renewables now account for 11 percent of PGE's portfolio, far ahead of the 5 percent required by 2011. The new RFP would help the utility meet the 15 percent benchmark that's required by 2015, said spokesman Steve Corson.
“A growing percentage of the electricity we deliver to our customers comes from renewable resources,” Jim Lobdell, PGE’s vice president for power operations and resource strategy, said in a news release. “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 renewable energy RFP is separate from one issued earlier this year seeking baseload and seasonal power resources. PGE said last month that it is considering 32 bids representing 15 different generating projects submitted in August as a result of the RFP. It hopes to develop a short list of bids for negotiation by the end of November.
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