FirstEnergy's Ohio utilities seek RECs

US electric utility FirstEnergy Corp (NYSE:FE) issued on Monday a Request for Proposals (RFP) to buy Renewable Energy Credits (RECs) for its Ohio subsidiaries so that they could meet their 2023 renewable energy targets.

The units in question, namely Ohio Edison, The Illuminating Company and Toledo Edison, plan to purchase 570,000 RECs in total, each of which represents the environmental attributes of 1 MWh of generation from a renewable power plant qualified by the Public Utilities Commission of Ohio (PUCO).

FirstEnergy noted that the RECs need to be eligible for compliance with the companies' 2023 renewable energy obligations, deliverable via PJM Environmental Information System Generation Attribute Tracking System (EIS GATS) and generated in the period 2021-2023.

The competitive bidding process is managed by CRA International Inc. Potential bidders can submit credit applications by November 17 and their proposals by November 28, 2023.

Choose your newsletter by Renewables Now. Join for free!