PGE seeks new electric power generating resources

Portland, Ore., June 11, 2012 — Portland General Electric Co. issued a request for proposals seeking electric power generating resources to help meet PGE's capacity and energy needs.

The Oregon Public Utility Commission issued an order June 7 approving the RFP. Third-party bids are due August 8. PGE expects to make final resource decisions in late 2012 or early 2013.

Specifically, the RFP seeks 300-500 MW of baseload generation resources, about 200 MW of year-round flexible and peaking resources, and two seasonal peaking resources — about 200 MW of winter and summer peaking supply and about 150 MW of winter-only peaking supply. PGE plans to bring these resources into its portfolio in the 2013-2017 timeframe.

PGE held workshops in January to help inform interested parties and potential bidders and seek input on the RFP, and submitted a final draft to the OPUC that month. The commission considered formal comments from stakeholders and a recommendation from its staff before ruling on the submitted RFP.

This RFP is conducted pursuant to competitive bidding guidelines established by the OPUC. It is one of two supply-side planned RFPs for the addition of new generation resources pursuant to the PGE integrated resource plan acknowledged by the OPUC in November 2010. PGE expects to issue the second RFP, for renewable resources, later this year.

PGE plans to submit self-build proposals in this competitive bidding process for new energy and capacity resources, and will also allow third-party bidders an option to submit proposals to build on PGE-owned sites — the "Carty" site near PGE's existing Boardman Power Plant for the baseload resource and a site adjacent to PGE's existing Port Westward Plant for the flexible capacity resource. PGE will own and operate any resources developed on PGE's sites.

Accion Group, Inc., an independent evaluator hired by the OPUC, will assist in conducting the RFPs and reviewing bids to assure an open and impartial process. The independent evaluator will also provide an assessment of the bid scoring, including PGE's benchmark proposals, and short list selection resulting from the RFPs. The independent evaluator will then issue a closing report with a detailed assessment of the process and its results.

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