|
July 30, 2009
Trenton, NJ, USA: ACE and JCP&L to Seek 61 MW of Solar Generating
Capacity
As
part of the New Jersey Board of Public Utilities’ effort to support
building new solar energy projects in New Jersey, Atlantic City
Electric (ACE) and Jersey Central Power&Light (JCP&L) are conducting
a Request for Proposal (RFP) to secure Solar Renewable Energy
Certificates (SRECs).
"By
entering into long-term agreements to purchase SRECs, we hope
to provide a strong financial incentive for increased investment
in solar power projects throughout New Jersey,” said John Paganie,
vice president, Customer Service&Energy Efficiency, FirstEnergy,
the parent company of JCP&L. "In addition, purchasing SRECs
also helps us meet the state’s renewable energy requirements.”
"This
utility partnership for growing the number of solar renewable
energy projects in New Jersey is a testament to our commitment
to finding cleaner sources of energy,” said Vince Maione, President,
Atlantic City Electric Region.
ACE and JCP&L established a Web site - www.njedcsolar.com
- to provide bidders with a central source of documents, data
and other information for the RFP process.
The
RFP manager is NERA Economic Consulting, a global consulting firm
with expertise in energy markets and procurement. One SREC represents
the solar renewable energy attributes of one megawatt-hour of
generation from a solar generating facility that has been certified
by the New Jersey Board of Public Utilities’ Office of Clean Energy.
The
RFP process was established to help create long-term agreements
to purchase and sell SRECs to provide a stable basis for financing
new solar generation projects in the companies’ service areas.
A
total of 61 megawatts of solar generating capacity - 19 for ACE
and 42 for JCP&L - will be solicited to help meet New Jersey Renewable
Portfolio Standards. The solicitations will take place over the
next three years.
Atlantic
City Electric, a public utility owned by Pepco Holdings, Inc.
provides regulated electric delivery services to more than 545,000
customers in southern New Jersey.
JCP&L,
a subsidiary of Akron, Ohio-based FirstEnergy Corp., serves 1.1
million customers in 13 New Jersey counties.
|
