Duke Energy issues 2,100MW green power RFP

A division of Duke Energy (NYSE: DUK) today issued a request for proposals (RFP) seeking bids for up to 2,100 MW of new power generated from renewable energy sources, including sun, wind, water, organic matter and others.

"The responses we receive to this RFP, which is open to a wide array of renewable energy, will add to our understanding of the existing options and emerging opportunities to increase the amount of green power available for our customers' use," said Ellen Ruff, president, Duke Energy Carolinas.

The RFP is specifically tailored for renewable sources, and recognizes some of their unique operating characteristics. The minimum capacity requirement for a potential supplier is only two megawatts, and the resource can be intermittent in nature.

The company is looking for resources that can be connected to the utility's grid and be operational by Jan. 1, 2012. Bids must come from providers who are new (placed in service since Jan. 1, 2007) or have already been qualified as suppliers by NC Green Power.

NC Green Power is an independent, non-profit program that encourages the development of electricity generated from renewable energy and uses voluntary contributions to pay a premium to renewable suppliers.

Duke Energy said it's interested in talking with potential suppliers about purchased power agreements, purchasing a generating facility, or purchased power agreements with the option to buy the facility.

Over the next several months proposals are to be evaluated and negotiated.

Duke Energy is one of the largest electric power companies in the United States, supplying and delivering energy to approximately 3.9 million U.S. customers. The company has a total of nearly 37,000 megawatts of electric generating
capacity.

Duke Energy's Carolinas operations include nuclear, coal-fired, natural gas and hydroelectric generation providing electricity to more than 2.2 million electric customers in a 22,000-square-mile service area of North Carolina and South Carolina.

A full copy of the RFP can be found here.

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