Negotiations underway for other resources to fulfill customer needs
PORTLAND, Ore.--(BUSINESS WIRE)--
Portland General Electric Company (NYSE: POR) today submitted a
letter to the Oregon Department of Energy and another
to the Oregon Department of Environmental Quality, asking for
suspension of the utility's request for amendment of the site
certificate for the Carty Generating Station near Boardman, Ore. as well
as a related air permit application.
The amendment and permit, if approved, would have allowed for the
construction of two new generating units at Carty, if the units were
selected as the least cost/lowest risk option in a future competitive
bidding process for new generating resources. PGE's request for the
amendment was driven by the need to insure that the company has a viable
option to secure a cost-effective dispatchable generation resource to
provide reliable service to customers.
"We're currently in bilateral negotiations to acquire dispatchable
resources to meet our customers' energy needs," said Jim Piro, PGE's
president and CEO. "It's appropriate for us to suspend the permitting
process at Carty until we complete these negotiations."
If the company is able to secure capacity through bilateral negotiations
PGE will seek approval of the agreements from the Oregon Public Utility
Commission along with a waiver to competitive bidding guidelines as
necessary. The company may also propose a competitive request for
proposals to acquire any additional needed capacity resources not
acquired through the bilateral negotiations.
In addition, PGE proposes to conduct an RFP to acquire approximately 175
average megawatts of new renewable resources (equivalent to a wind
nameplate capacity of approximately 500 megawatts). Adding these new
renewables now will allow PGE to capture the benefits of the federal
production tax credit for customers - the credit is being eliminated by
2020 - and, when combined with existing wind, solar and hydroelectric
facilities, will enable PGE to generate about 50 percent of its energy
from carbon-free sources by 2020.
"PGE has maintained an extensive dialogue with our regulators, customers
and many stakeholder groups throughout our current resource planning
process," Piro added. "We appreciate their input, and we're working hard
to identify cost effective options from existing generating resources in
the region that could help us both back up our renewable resources and
meet our customers' peak energy needs."
About Portland General Electric Company: Portland General
Electric (NYSE: POR) is a fully-integrated energy company based in
Portland, Oregon, serving 865,000 customers in 51 cities. For more than
125 years, PGE has been delivering safe, reliable energy to Oregonians.
With 2,700 employees across the state, PGE is committed to building a
cleaner, more efficient energy future. Together with its customers, PGE
has the number one voluntary renewable energy program in the U.S. For
more information visit PortlandGeneral.com.
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Portland General Electric Company
Steve Corson, 503-464-8444
Source: Portland General Electric Company
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