FirstEnergy Corp. utilities Pennsylvania Power Co., Pennsylvania Electric Co., and Metropolitan Edison Co. are seeking to purchase 120,500 solar photovoltaic alternative energy credits, or SPAECs, annually over a two-year period.
The request for proposal process will take place in January and February, with qualifying applications due by Feb. 5 and bids due by Feb. 27. Bidders may offer to sell tranches of SPAECs, with each tranche representing a commitment to sell 500 SPAECs yearly for a two-year period, starting in 2019.
More information on the RFP is available at FirstEnergy's website.
The Brattle Group will conduct the RFP process, according to a Jan. 14 company release.