Georgia Power Receives Proposals To Meet Electricity Needs in 2010
Posted on: Friday, 23 June 2006, 18:00 CDT
ATLANTA, June 23 /PRNewswire-FirstCall/ -- Georgia Power received 26 proposals from 8 different companies in response to its request for proposal for 2,100 megawatts of electricity to meet customer demand in 2010. All the bids combined reached a total of more than 10,000 megawatts of electricity.
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The majority of the bids came from companies who propose operating natural gas units to generate electricity. There were also bids from companies who propose using coal to generate electricity.
Most of the bids were in the 200- to 800-megawatt range, indicating that some combination of bids would be needed to meet the 2,100 megawatt request. Bids also ranged in duration to include 7-year, 15-year and 30-year proposals.
All of the bids were for generation from within the footprint of Southern Company, Georgia Power's parent.
"The number of companies bidding and the types of generation proposed is an indication that there is still a healthy, competitive wholesale generation market in the Southeast," said Jeff Burleson, director of Georgia Power's Resource Planning department.
The bids will be analyzed by the company and an Independent Evaluator for the Georgia Public Service Commission (GPSC) to determine the viability of the projects from a generation and transmission standpoint, as well as to identify the low-cost bidders, according to Burleson. The next step will be to determine a short list of the best bids by December 14, 2006.
Contracts for the winning bids will then be submitted in early 2007 for certification by the GPSC. The new generation would need to be on line by June 1, 2010.
Georgia Power approached the GPSC last year requesting approval to build a new plant in 2011 to meet customer demand and to address transmission needs in Northeast Georgia. The Commission asked the company to issue an RFP to make sure other bidders were considered in meeting this targeted need. After an extensive RFP process targeting generation in the Northeast Georgia area, no competitive bids were received for comparison to the self-build option. Georgia Power will move forward with plans to bring the new company-owned plant on line in 2011.
Georgia Power is the largest subsidiary of Southern Company , one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility, serving customers in 57,000 of the state's 59,000 square miles. Georgia Power's rates are below the national average and its 2 million customers are in all but six of Georgia's 159 counties.
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Georgia Power
CONTACT: Media, John Sell of Georgia Power, +1-404-506-7676, or+1-800-282-1696
Web site: http://www.georgiapower.com/
Source: PRNewswire-FirstCall
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