FirstEnergy Pennsylvania Utilities Launch Request for Long-Term Solar PPA

Rhea-AI Summary

FirstEnergy Corp. (NYSE: FE) announced a Request for Proposal (RFP) to secure long-term solar power purchase agreements (PPAs) for its four Pennsylvania utilities. The firm seeks bids to procure up to 20 megawatts (MW) of solar capacity during the RFP process, managed by The Brattle Group. Key dates include qualifying applications by Nov. 7, 2022, and bid submissions by Dec. 5, 2022. The projects must align with Pennsylvania's Alternative Energy Portfolio Standards Act. For more details, visit FirstEnergy's website.

Positive

• Initiating RFP for long-term solar PPAs indicates commitment to renewable energy.
• Potential procurement of 20 MW of solar capacity enhances sustainable energy portfolio.

Negative

• None.

READING, Pa., Oct. 17, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is issuing a Request for Proposal (RFP) to enter into long-term solar power purchase agreements (PPAs) on behalf of four FirstEnergy Pennsylvania utilities – Pennsylvania Power Company (Penn Power), Pennsylvania Electric Company (Penelec), Metropolitan Edison Company (Met-Ed) and West Penn Power Company (West Penn).

The RFP process will be conducted by a consulting firm, The Brattle Group, and will take place this fall, with qualifying applications due by Nov. 7, 2022, and bids due by Dec. 5, 2022. The utilities are seeking proposals to procure up to 20 megawatts (MWs) of solar capacity for long-term renewable energy and associated solar photovoltaic alternative energy credits (SPAECs) from new and in-development solar projects that are classifiable as Tier 1 solar alternative Energy Systems under Pennsylvania's Alternative Energy Portfolio Standards Act.

Further information regarding the SPAEC RFP is available on FirstEnergy's website at http://www.firstenergycorp.com/upp/pa/rec_procurements/SolarPPA2022.html.

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 online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.

 

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SOURCE FirstEnergy Corp.

FAQ

What is the purpose of FirstEnergy's recent RFP for solar power?

The RFP aims to secure long-term solar power purchase agreements for its Pennsylvania utilities to procure up to 20 MW of solar capacity.

When are the important deadlines for the solar PPA RFP by FirstEnergy?

Qualifying applications are due by Nov. 7, 2022, and bids must be submitted by Dec. 5, 2022.

What regulations must the solar projects comply with in Pennsylvania?

The solar projects must comply with Pennsylvania's Alternative Energy Portfolio Standards Act.

Which Pennsylvania utilities are involved in FirstEnergy's solar PPA RFP?

The utilities involved are Pennsylvania Power Company, Pennsylvania Electric Company, Metropolitan Edison Company, and West Penn Power Company.