FirstEnergy Corp. announced that it will conduct a request for proposal ("RFP") to secure 10-year contracts for renewable energy credits ("RECs") and solar renewable energy credits ("SRECs") to help meet the renewable energy benchmarks established under Ohio's energy law.
The RFP seeks delivery of 5,000 SRECs and 20,000 RECs produced by generating facilities in Ohio for each calendar year beginning in 2011 and continuing through 2020. No energy or capacity will be purchased under the RFP. FirstEnergy established a website, available here, to provide bidders with a central source of documents, data and other information for the RFP process. To participate in the RFP, bidders are encouraged to submit credit information by October 11, 2011, with full proposal information due by 3 p.m. on October 18, 2011.