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Atlantic City Electric / Jersey Central Power and Light / Rockland Electric

Rockland Electric Company

NJ SREC-Based Financing Program is Open

Atlantic City Electric Company, Jersey Central Power & Light Company, and Rockland Electric Company have issued a Request for Proposals (“RFP”) to select solar projects with which to enter into contracts for the purchase of SRECs.

To participate or learn more, please visit the program web site where you will find additional information and documents and can submit any questions you may have.

Key Dates:
•    March 26, 2015 (11:00 AM): A webinar will be held to provide prospective bidders with information on the RFP process.  During the webinar, attendees may submit questions electronically.  Attendance is not a requirement.  To register for the webinar, please see the information below or visit the RFP web site.
•    April 20, 2015: Expression of interest form submittal deadline.
•    April 23, 2015: Proposals due.

RFP Webinar Registration Instructions
On March 26, 2015 at 11:00 AM, the Solicitation Manager (SM) will conduct an optional informational Webinar for prospective bidders. During the Webinar, the SM will describe the RFP process and prospective bidders may submit questions electronically. Responses to questions submitted during the Webinar will be posted to the RFP Web site in the FAQ section.

To join the webinar, please register for the WebEx session.

All information needed to attend the webinar will be sent via e-mail after completion of the registration process.

If you have any questions regarding this RFP, please contact the solicitation manager, Navigant Consulting.

Historical Information
In March 2009, NJBPU approved programs at Jersey Central Power and Light (JCP&L) and Atlantic City Electric (ACE) that provided for long-term contracts for SRECs that the utilities purchased from solar projects selected through a competitive bidding process in their service territories.

The utility solar financing programs expired in 2011 and are no longer accepting new applicants at this time.  On May 23, 2012 the Board approved an extension of the EDC Solar finance programs for 180 MW over three years and directed the EDCs to file notice of their intent to participate.  On June 01, 2012 the EDCs filed a Notice of Intent to participate in an Extended EDC SREC Program consistent with Staff's recommendations adoped by the NJBPU.  Each of the four EDCs filed program proposals and petitions for cost recovery pursuant to the Board's implementation of the Global Warming Response Act, section 98.1.

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