Southern California Edison Opens Solicitation for New Power Contracts
Southern California Edison (NYSE: EIX) issued a competitive Request for Offers Friday, for new power contracts with independent generators and marketers. The RFO seeks up to 48-month agreements to enhance the electricity supply for the 14 million Californians the utility serves.
Contracts being sought include dispatchable unit contingent energy only tolling agreements, non-dispatchable qualifying facilities resources and resource adequacy capacity products.
“Our goal through this annual solicitation is to find the most competitive and reliable energy resources and products to meet our customers' needs,” said Steven Eisenberg, vice president of Energy Supply and Management. “Each year through this RFO, we reach out to the independent generator and energy marketing communities to find the most attractively valued resources for our customers.”
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.