RFP process seeks bids for new energy resources to provide resource adequacy during the clean energy transition
Portland, Ore. – On Friday, February 2, Portland General Electric (PGE) issued to market its 2023 All-Source Request for Proposal (RFP), seeking bids for renewable generation projects and resources that can provide non-emitting dispatchable capacity. An All-Source Request for Proposal is a competitive bidding process through which a utility solicits proposals for electricity generation/storage facilities, such as new solar and wind plants, battery storage facilities or transmission capacity. An “All-Source” RFP eliminates specific technology requirements, opening the application process for full competition of all non-emitting resources that are widely deployed and consistent with Oregon’s energy policy.
This RFP is PGE’s largest open application process to date, and is the first in the company’s recent history to provide a flexible timeline for the start of operations. The scope and scale of this procurement process demonstrates PGE’s commitment to reliability for customers during the clean energy transition.
“This RFP is an important step to ensuring resource adequacy for PGE customers and communities as we decarbonize Oregon’s power supply,” said Brett Sims, PGE Vice President of Energy Supply and Regulatory Affairs. “Our aim is to attract broad participation from energy developers with projects that offer reliability, flexibility and maximum customer value.”
This RFP, which accepts proposals for resources with a start date between 2025 and the end of 2027, is consistent with the objectives described in PGE’s 2023 Integrated Resource Plan, which was acknowledged by the Oregon Public Utility Commission (OPUC) on January 25, 2024. PGE will accept and evaluate bids throughout the first quarter of 2024 and present a shortlist of top-performing projects for OPUC acknowledgement later in the year.
As the company reduces emissions, PGE is pursuing a number of procurement actions in addition to this All-Source RFP, including community-based renewable energy projects and an information discovery process to guide future procurements.
More information about the RFP process, deadlines and schedule, along with filed documents, can be found at portlandgeneral.com/rfp.
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About Portland General Electric Company
Portland General Electric (NYSE: POR) is a fully integrated energy company that generates, transmits and distributes electricity to over 900,000 customers in 51 cities across the state of Oregon. For more than 130 years, Portland General Electric (PGE) has powered the advancement of society, delivering safe, affordable, reliable and increasingly clean energy. To deliver on its strategy and meet state targets, PGE and its approximately 3,000 employees committed to partnering with stakeholders to achieve at least an 80% reduction in greenhouse gas emissions from power served to customers by 2030 and 100% reduction by 2040. PGE customers set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. Additionally, for the fifth year in a row, PGE was recognized by the Bloomberg Gender-Equality Index which highlights companies committed to creating a more equal and inclusive workplace. As a reflection of the company's commitment to the community it serves, in 2022, PGE employees, retirees and the PGE Foundation donated nearly $5.5 million and volunteered more than 18,000 hours with more than 400 nonprofits across Oregon. For more information visit PortlandGeneral.com/news.