Brattle Group Economists to Manage Large Purchase of Solar Alternative Energy
Credits by FirstEnergy's Pennsylvania Utilities
WASHINGTON, Oct. 5, 2012
WASHINGTON, Oct. 5, 2012 /PRNewswire/ --Economists at The Brattle Group
announced today that they will administer the Request for Proposal (RFP)
process for the purchase of 14,500 Solar Photovoltaic Alternative Energy
Certificates (SPAECs) annually over a ten-year period on behalf of
FirstEnergy's Pennsylvania Utilities. Specifically, FirstEnergy seeks to
purchase 2,000 SPAECs annually for Pennsylvania Power Company (Penn Power),
7,000 SPAECs annually for Pennsylvania Electric Company (Penelec), and 5,500
SPAECs annually for Metropolitan Edison Company (Met-Ed).
Bidders in this RFP can offer to sell tranches of SPAECs, where each tranche
represents a commitment to sell 500 SPAECs annually over a ten-year period.
Economists at The Brattle Group will act as the Independent Evaluator for
this RFP process and additional RFP processes to be conducted in 2013. The
current RFP process will be conducted during October and November of 2012,
with qualifying applications due by October 23, 2012 and bids due by November
14, 2012. Forfurther information regarding the RFP, please consult
FirstEnergy's SPAEC RFP website at www.firstenergycorp.com/PA2012SPAECRFP.
The Brattle Group provides consulting services and expert testimony on
economic, financial, regulatory, and strategic issues to corporations, law
firms, and public agencies worldwide. Weprovide expert testimony on economic
damages, antitrust and competitive analyses, financial risk, regulatory
economics, and environmental matters. In addition, experts at The Brattle
Group have designed and managed auction and RFP processes and provided
strategic bidding advice for clients in the energy and telecommunications
sectors. For further information regarding Brattle's auction and RFP design
and management services, please contact Jim Reitzes at
SOURCE The Brattle Group
Contact: Stephanie Schwartz of The Brattle Group, +1-617-864-7900,
Press spacebar to pause and continue. Press esc to stop.