AKRON, Ohio, Oct. 2, 2013 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced that a Request for Proposal (RFP) will be issued to purchase 13,500 Solar Photovoltaic Alternative Energy Certificates (SPAECs) annually over a 10-year period on behalf ofFirstEnergy's Pennsylvania Utilities – Metropolitan Edison Company, Pennsylvania Electric Company, and Pennsylvania Power Company.
The RFP is a competitive process that will be conducted by The Brattle Group and will take place in October and November, with qualifying applications due by October 24, 2013 and bids due by November 14, 2013. Bidders in this RFP can offer to sell tranches of SPAECs, where each tranche represents a commitment to sell 500 SPAECs annually over a 10-year period. Based on the RFP results, FirstEnergy's Pennsylvaniautilities are expected to enter into separate agreement(s) with winning suppliers to purchase the necessary quantities of SPAECs.
FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in
Maryland,
Ohio,
Pennsylvania,
New Jersey,
New York and West Virginia. Its generation subsidiaries control more than 20,000 megawatts of capacity from a diversified mix of scrubbed coal, non-emitting nuclear, natural gas, hydro, pumped-storage hydro and other renewables. Follow FirstEnergy on Twitter
@FirstEnergyCorp.
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