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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

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

September 10, 2021 GMT

BALTIMORE--(BUSINESS WIRE)--Sep 10, 2021--

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 2021 and April 2022, and the contract term will be twenty-four months. For PE, the bidding for Residential contracts will occur in four procurements – October 2021, January, April, and June 2022, and the contract term will range from twelve to twenty-four months. For BGE and PE, the bidding for small commercial Type I contracts will occur in two procurements – October 2021 and April 2022, 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 2021 and April 2022, 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 2021, January, April and June 2022. 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.

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The utilities are requesting proposals totaling approximately 3,990 megawatts (MW), including:

  • 821 MW for PE
  • 1,967 MW for BGE
  • 310 MW for Delmarva Power
  • 892 MW for Pepco

A joint-utility pre-bid webinar will be held on Sept. 21, 2021, at 1:00 p.m. 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:

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PE

www.firstenergycorp.com/mdsosrfp

BGE

rfp.bge.com

Delmarva Power

delmarva.com/MDRFP

Pepco

pepco.com/MDRFP

 

View source version on businesswire.com:https://www.businesswire.com/news/home/20210910005383/en/

CONTACT: POTOMAC EDISON: 888-233-3583

BGE: Richard Yost, 410-470-7433

DELMARVA POWER: 866-655-2237

PEPCO: 202-872-2680

KEYWORD: UNITED STATES NORTH AMERICA MARYLAND

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY UTILITIES OIL/GAS

SOURCE: Baltimore Gas and Electric Company

Copyright Business Wire 2021.

PUB: 09/10/2021 12:00 PM/DISC: 09/10/2021 12:01 PM

http://www.businesswire.com/news/home/20210910005383/en