Some of the fruits of Oregon's 1999 electric restructuring legislation may finally get picked by autumn. The Oregon Energy Trust, which manages a portion of the funds collected from electric ratepayers through a 3% surcharge on retail bills, is seeking bids for 25-100 MW of new or incremental Northwest wind generation. While state investor-owned utilities Portland General Electric and PacifiCorp will pay market price for the power, the Energy Trust will pick up the tab for costs above market, says the organisation's Jan Schaeffer. She says the trust is seeking bids on a wide range of capacity because it is unsure how bidders will respond and has only $8.5 million available to make the above-market rate payments. Bids close August 21 and the Energy Trust plans to award contracts this autumn. The project or projects must be installed by December 31, 2003 to take advantage of wind's federal production tax credit.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins.