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Bidding on Capacity and Energy from QF Contracts
Updated April 03, 2003
Under Maine's restructuring law, the electric utilities are required to divest their interests in electricity generation. In addition to selling their ownership interests in generating plants, utilities are required to sell their entitlements to energy and capacity which they receive under a number of purchased power contracts. Much, but not all, of these purchases is from Qualifying Facilities.
The Commission has adopted rules which govern the bidding procedures under which these sales will be made. The principal points covered under the rule are:
|Each utility will administer its own bid process and the winning bidder(s) will contract directly with the utility for the purchase of capacity and energy.|
|The Commission will review each Utilities Request for Bids, prior to it being issued.|
|Bidders will have the option of bidding for the utility's entire portfolio of purchased power resources or for portions of the portfolio.|
|For the first round of bidding, at least, the term of the purchase will be two years.|
|The initial RFB will be issued on or about August 1, 1999. Responses will be due on October 1, 1999. The winner(s) will be announced December 1, 1999. The two year purchase will commence on March 1, 2000.|
|The Commission will reserve the right to reject any or all bids.|
Anyone interested in more information should review the full rule (Chapter 307), and the Commission's order adopting the rule. You can also reach the Commission directly (contact people).