Maine PUC seeks long-term contract proposals

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Maine utility regulators have announced a new RFP for long-term contracts that will gather capacity, associated energy and or renewable energy credit project proposals in order to boost generation and lower state energy costs.

The Maine Public Utilities Commission (MPUC) announced that bidders will be permitted to do business with one of Maine's investor-owned transmission and distribution utilities, which include Central Maine Power, Bangor Hydro-Electric Company and Maine Public Service Company. Qualifying resources include new and existing supply-side and demand-side resources.

"The objective of this solicitation is to acquire long-term contracts that would reduce electricity costs for Maine consumers and/or serve as a hedge against price volatility. Other factors, such as environmental and reliability attributes, will also be considered," the MPUC stated in a release.

All proposals are due by March 1, 2013 and are not required to meet a certain energy capacity or amount of renewable energy credits (RECS). The amount of the Proposal Security Deposit will be set at $ 5 per kW for all Project Types, with a cap of $100,000, the PUC noted.

For more:
-see the announcement

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