FirstEnergy Corp. (NYSE: FE) is issuing a Request for Proposal (RFP) to enter into long-term solar power purchase agreements (PPA) 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.
The RFP process will be conducted by The Brattle Group and will take place this fall, with qualifying applications due by November 7, 2022, and bids due by December 5, 2022. The utilities are seeking proposals to procure up to 20 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 I solar Alternative Energy Systems under Pennsylvania’s Alternative Energy Portfolio Standards Act.
Further information regarding the SPAEC RFP is available on FirstEnergy’s website. FirstEnergy is dedicated to integrity, safety, reliability, and operational excellence. Its ten 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.