OPUC's independent evaluator validates competitive bid process
PORTLAND, Ore.--(BUSINESS WIRE)--
Portland General Electric Company (NYSE: POR) today announced it has
finalized a short list of bids in its current request for proposals
seeking approximately 100 average megawatts of renewable power. The
company will begin negotiations soon to secure a resource from the final
short list that meets PGE's identified need for additional renewable
power generation. Names of the short-list bidders and other details of
their proposals will remain confidential under non-disclosure
agreements. The short-list bids include both power purchase agreements
and PGE-ownership options.
The RFP was conducted pursuant to competitive bidding guidelines
established by the Oregon Public Utility Commission, using objective
scoring criteria intended to identify renewable projects that will
provide the best balance of cost and risk while meeting PGE customers'
needs for reliable, affordable electric power.
Accion Group Inc., an independent evaluator selected by the OPUC,
oversaw the RFP and review of bids to assure an objective and impartial
process. On March 11, 2013 the independent evaluator gave the OPUC a
final assessment of the bid scoring and final short list selection, and
a closing report with a detailed assessment of the process. The
independent evaluator report confirmed "the RFP was conducted in a fair
and unbiased manner, and we are satisfied the RFP requirements of the
OPUC were met in the conduct of this RFP." The report and more
information about the competitive bidding process are available at PortlandGeneralRFP.accionpower.com.
PGE will ask the independent evaluator to monitor the negotiations.
Final selections are expected by mid-2013. PGE expects the resources
selected will be brought into the company's portfolio in the 2013-2017
timeframe to help meet Oregon's Renewable Energy Standard.
About Portland General Electric Company: Portland General
Electric, headquartered in Portland, Ore., is a fully integrated
electric utility that serves approximately 828,000 residential,
commercial and industrial customers in Oregon. Visit our website at PortlandGeneral.com.
PGE
Steve Corson, 503-464-8444
PortlandGeneral.com/Newsroom
Source: Portland General Electric Company
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