PGE Seeks 100 Average Megawatts of New Renewable Resources
Bids for prospective resources are due
“We are committed to reducing our greenhouse gas emissions,” said
RFP details and process
Bids submitted must meet a minimum size of 10 megawatts, and can represent multiple technologies including geothermal, biomass, biogas, solar, wind and hydroelectric power. Bids can also be structured in a variety of ways, including power purchase agreements or proposals for facilities that PGE would own and operate. If bids received prove cost effective for service to customers, PGE may acquire a single resource or a mix of resources to achieve the total desired renewable energy target, and expects the resources acquired to be brought into the company’s portfolio no later than 2021.
The RFP is a significant step in implementing PGE’s current integrated resource plan, which the OPUC acknowledged in 2017, and will be conducted under guidelines established by the commission. Consistent with those guidelines, the OPUC has retained an independent evaluator, Bates White, to monitor PGE’s procurement process. Bates White is hosting a website where bidders and stakeholders may ask questions of PGE regarding the RFP so that the answers will be available to all participants in the process. The RFP and supporting documents are available on the website at www.portlandgeneralrfp2018.com.
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Certain statements contained in this press release may constitute
forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. They
are not guarantees of future events. Rather, they are based on current
expectations, estimates, beliefs and assumptions and are subject to
uncertainties that are difficult to predict. As a result, actual events
or results may differ materially from the statements made.
Forward-looking statements made in this press release include statements
regarding the company’s energy strategy for future periods, the
implementation and outcome of requests for proposals, and the
acquisition of additional resources to meet retail customer demand and
the requirements of Oregon’s Renewable Energy Standard. These
forward-looking statements are based upon our assumptions about and
assessment of the future, which may or may not prove true, and involve a
number of risks and uncertainties including, but not limited to, risk
factors detailed in the Company’s most recent Annual Report on Form
10-K, the Company’s reports on Form 10-Q and other filings with the
POR-F
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Source:
Portland General Electric Company
Steve Corson, 503-464-8444
Steven.Corson@pgn.com