Southern California Edison (SCE)(NYSE: EIX) issued a request for offers for more renewable contracts from small generators. Offers from all renewable technologies in generating facilities 20 megawatts (MW) and under are welcome.
This solicitation will be SCE’s first open, competitive call for additional renewable power contracts under the Renewables Standard Contracts (RSC) program. The goal is to provide a standardized contracting process that minimizes the time required to get to an executed power purchase agreement (PPA).
SCE’s solicitation seeks out long-term contracts for projects powered by solar, wind, biomass, biogas, oceanic, hydroelectric, and geothermal fuels located in California. SCE is particularly looking for viable projects that will begin operating within three years of contract approval.
Proposals are due Sept. 8, and a Web conference for interested parties will be hosted by SCE on Aug. 10. SCE expects to execute contracts from this solicitation in November and submit completed contracts to the California Public Utilities Commission for approval by January 2011.
Participants may submit offers to sell Product to SCE from offers in one or more of the following two categories; RSC for Projects not greater than 5 MW; RSC for Projects not greater than 20 MW.
The Term of any RSC can be 10, 15 or 20 years.
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