USA, Oregon:

Portland General Electric Announces RFP Response for Renewable Generating Resources (Equities.com)

Portland General Electric Company (PGE)'s recent request for proposals for renewable electric power generating resources has resulted in 64 bids representing 39 distinct generating projects with a combined nameplate capacity of 4,450 megawatts. These include a benchmark proposal submitted by PGE in late October. Third-party bids were due Nov. 13, 2012.

The bids received include a mix of projects to be sold to PGE pursuant to asset purchase agreements and projects that would sell power to the utility under long-term power purchase agreements. While a substantial majority of the proposals in the bid pool are based on wind power, other renewable technologies including geothermal, biomass, biogas, hydro and solar are also represented.

PGE is currently evaluating the bids received, and expects to develop a final short list of bids for negotiation by the end of first quarter 2013. Names of the bidders and other details of their proposals will remain confidential. Final selections are expected within the first half of 2013.

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