READING, Pa., Jan. 14, 2019 /PRNewswire/ -- FirstEnergy Corp.
(NYSE: FE) announced that a Request for Proposal (RFP) will be
issued to purchase 120,500 Solar Photovoltaic Alternative Energy
Credits (SPAECs) annually over a two-year period on behalf of three
FirstEnergy Pennsylvania utilities – Pennsylvania Power
Company (Penn Power), Pennsylvania Electric Company (Penelec), and
Metropolitan Edison Company (Met-Ed).
The RFP process will be conducted by The Brattle Group and will
take place in January and February, with qualifying applications
due by February 5, 2019, and bids due
by February 27, 2019. Bidders
in this RFP can offer to sell tranches of SPAECs, where each
tranche represents a commitment to sell 500 SPAECs annually over a
two-year period (with deliveries beginning in 2019). Based on
the RFP results, FirstEnergy's Pennsylvania utilities will enter into
separate agreement(s) with winning suppliers to purchase the
necessary quantities of SPAECs.
Further information about the SPAEC RFP is available on
FirstEnergy's website at
www.firstenergycorp.com/PA2019SPAECRFP.
FirstEnergy is 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 Ohio, Pennsylvania, New
Jersey, West Virginia,
Maryland and New York. The
company's transmission subsidiaries operate more than 24,000 miles
of transmission lines that connect the Midwest and Mid-Atlantic
regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or
online at www.firstenergycorp.com.
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SOURCE FirstEnergy Corp.