news 1 week ago

Maryland Utilities Issue Request for Proposals for the Supply of Wholesale Electric Power

The Associated Press

BALTIMORE--(BUSINESS WIRE)--Sep 14, 2018--The Potomac Edison Company (PE), Baltimore Gas and Electric Company (BGE), Delmarva Power, and Pepco have issued Requests for Proposals (RFPs) for full-requirements, wholesale electric power supply to meet their Standard Offer Service (SOS) obligations in their Maryland service territories.

Each utility will provide market-based supply service to some or all of its electric customers who do not take service from competitive retail suppliers. The RFPs will consist of supply contracts ranging in term from three to twenty-four months. For BGE, Delmarva Power, and Pepco, the bidding for Residential contracts will occur in two procurements – October 2018 and April 2019, and the contract term will be twenty-four months. For PE, the bidding for Residential contracts will occur in four procurements – October 2018, January, April, and June 2019, and the contract term will range from twelve to twenty-four months. For BGE, the bidding for small commercial Type I contracts will occur in two procurements – October 2018 and April 2019, and the contract term will be twenty-four months.

For PE, the bidding for small commercial Type I contracts will occur in one procurement – October 2018, and the contract term will be twenty-four months. For Delmarva Power and Pepco, the bidding for small commercial Type I, is combined with Residential contracts and will occur in two procurements – October 2018 and April 2019, and the contract term will be for twenty-four months. For all the Maryland Utilities, the bidding for larger commercial Type II contracts will be for three-month term contracts and will occur quarterly. The quarterly procurements will occur in October 2018, January, April and June 2019. Further details regarding the procurement schedule, including the bid due dates for this multi-procurement process can be found in the RFP documents. The four utilities will concurrently conduct their bidding processes under uniform rules and timetables.

The utilities are requesting proposals totaling approximately 4,108 megawatts (MW), including:

A joint-utility pre-bid webinar will be held on September 20, 2018, at 1:00 EDT. The webinar will review the general RFP structure and process, the specific utility bid plans, and the power supply contract.

Additional details regarding the RFPs, the pre-bid webinar, and utility contact information can be found by visiting any of the following utility RFP websites:

View source version on businesswire.com:https://www.businesswire.com/news/home/20180914005569/en/

CONTACT: POTOMAC EDISON: 888-233-3583

or

BGE: Justin Mulcahy, 410-470-7433

or

DELMARVA POWER: 410-860-6203

or

PEPCO: 202-872-2680

KEYWORD: UNITED STATES NORTH AMERICA MARYLAND

INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES

SOURCE: Baltimore Gas and Electric Company (BGE) and Potomac Edison Company (PE) and Delmarva Power and Pepco

Copyright Business Wire 2018.

PUB: 09/14/2018 04:25 PM/DISC: 09/14/2018 04:25 PM

http://www.businesswire.com/news/home/20180914005569/en

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