Utility Seeks Renewable Energy

Emerald People’s Utility District, of Eugene Oregon, (Emerald PUD) is seeking between one and five MW of wind power, and is willing to purchase the energy, capacity and the green tags. The Pacific Northwest is the preferred location, but Montana and Wyoming are acceptable as well.

Eugene Oregon, July 8, 2003 [SolarAccess.com] The company aims to gain the cost advantage of the Production Tax Credit (PTC) or Renewable Energy Production Incentive (REPI). Emerald PUD is concerned that REPI with its current configuration and funding level may be risky and may not add equivalent value over the life of the project. The utility is seeking proposals that would begin to deliver wind power now or within the next couple of years and the wind power would likely come from part of a larger wind project, thereby gaining the economies of scale. If a PPA is proposed, Emerald PUD is interested in an ownership option at the end of the contract term, and intends to examine this option in as much detail as possible. Proposals at a variety of delivery points, and either a firmed and shaped product (including storage & redelivery) or an unshaped output only product are also under consideration. Part of the funds for these purchases are slated to come from mandatory public purpose funds dedicated to the above market cost of renewables. Emerald is willing to sign a confidentiality agreement for any proposal and reserves the right not to select any of the proposals, and may request that some of the proposals be resubmitted. Emerald is seeking a contract PPA for 10 years or 20 years, but wants to know what the cost would be for five-year contract renewals. They are interested in a starting date that would begin now through the next couple of years and want PPA proposers to specify and to discuss in detail ownership/buy-out options after the initial term of the contract, such as pricing methodology. Further info can be found at the link below.
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