2017 Unbundled Renewable Energy Credits RFP

PacifiCorp is seeking proposals (bids) from parties interested in providing firm unbundled Renewable Energy Credits (“RECs”) that qualify for compliance with the California Renewables Portfolio Standard (RPS”). The RECs must also be generated from a facility located in the Western Electricity Coordinating Council’s (“WECC”) territory and the facility must be registered or must register and comply with Western Renewable Energy Generation Information System (“WREGIS”) requirements. The RECs must also be from resources certified as RPS-eligible by the California Energy Commission (“CEC”). The offered quantity of RECs for each vintage period must be firm and not unit contingent.

PacifiCorp’s goal in issuing this RFP is to acquire unbundled RECs at competitive prices to enable PacifiCorp to meet its California RPS requirements.

REC purchase agreements are subject to review and approval by the California Public Utilities Commission (CPUC).

Interested sellers should provide PacifiCorp a proposal by 1:00 a.m. Pacific Prevailing Time (PPT) on April 3, 2017 with email to:

RFP-REC@pacificorp.com

Proposed RFP Schedule:

Milestone Date
PacifiCorp issuance of RFP March 15, 2017
RFP proposals due April 3, 2017
Bidders notified if they have been selected for negotiation of an Underlying Agreement April 13, 2017
Estimated filing for CPUC approval
April 21, 2017
Finalize contract negotiations May 22, 2017
Estimated decision of agreement approval from CPUC
June 5, 2017
Underlying agreement and or confirmation agreement executed
June 6, 2017
REC delivery deadline June 15, 2017


PDF 2017 Unbundled Renewable Energy Credits RFP

Appendix A – PacifiCorp’s Pro Forma - Renewable Energy Credit Purchase and Sale Agreement for California RPS