Minnesota Power Seeks Proposals for Large-Scale Wind, Solar Energy, and Customer-Driven Resources
July 27 2016 - 3:15PM
Business Wire
Minnesota Power today is releasing the first in a series of
Requests for Proposals as part of the company’s broad resource
evaluation process to further its EnergyForward strategy.
EnergyForward calls for a diversified power supply to meet
customers’ needs reliably and cost effectively in an
environmentally responsible manner. Minnesota Power will consider
the costs and characteristics of the proposals received and analyze
whether they are beneficial resource additions for its
customers.
In approving Minnesota Power’s integrated resource plan in June,
the Minnesota Public Utilities Commission asked the company to
consider additional wind, solar and demand-side management
alternatives as part of its ongoing resource evaluation
process.
In the initial Request for Proposal, Minnesota Power, a division
of ALLETE Inc. (NYSE:ALE), is seeking power supply proposals for up
to 300 megawatts of wind generation beyond the 625 megawatts of
wind it has on its system. The company seeks to purchase low-cost
renewable energy that fully maximizes the benefits of the extended
Federal Production Tax Credit (PTC) for wind projects on behalf of
its customers. This wind power would be purchased under a long-term
power purchase agreement subject to regulatory approvals. A copy of
the RFP and additional details are available at
http://rfp.mnpower.com. Proposals are due by Sept. 7, 2016.
Over the next several weeks, Minnesota Power also will issue
formal Requests for Proposals for:
- Solar generation. Minnesota Power will
be seeking economic power supply proposals for up to 300 MW of
utility scale solar generation that qualifies under Minnesota’s
Solar Energy Standard. The company seeks to maximize the benefits
of the extended Federal Investment Tax Credit (ITC) for solar
energy on behalf of its customers.
- Demand response and customer
self-generation. Minnesota Power will be seeking customer and
utility scale demand response and onsite generation resources to be
considered for optimizing within its power supply portfolio.
More information and the ability to sign up for RFP
notifications on any of the options can be found at
http://rfp.mnpower.com.
Through its EnergyForward resource strategy, Minnesota Power has
been transforming its energy supply to a more balanced mix that
relies less on coal and more on renewable energy sources while
continuing to deliver safe, reliable and affordable electric
service. The company met Minnesota’s Renewable Energy Standard,
which requires 25 percent of retail sales to be generated by
renewable energy by 2025, a decade early. By 2015, 26 percent of
Minnesota Power’s retail and wholesale electric sales were from
renewable energy sources.
Minnesota Power provides electric service within a
26,000-square-mile area in northeastern Minnesota, supporting
comfort, security and quality of life for 144,000 customers, 16
municipalities and some of the largest industrial customers in the
United States. More information can be found at www.mnpower.com.
(ALE-ENRG)
The statements contained in this release and statements that
ALLETE may make orally in connection with this release that are not
historical facts, are forward-looking statements. Actual results
may differ materially from those projected in the forward-looking
statements. These forward-looking statements involve risks and
uncertainties and investors are directed to the risks discussed in
documents filed by ALLETE with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160727006320/en/
Minnesota Power/ALLETEAmy Rutledge, 218-723-7400Manager -
Corporate Communicationsarutledge@mnpower.com
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