For Immediate Release: April 28, 1998
Media Contact: Claudia Chandler -- 916 654-4989



Energy Commission offers $162 million to encourage renewable power



To help develop new, competitive sources of "green" power for California's newly competitive electricity industry, the California Energy Commission is offering $162 million dollars worth of incentives to companies that construct and operate renewable power plants.

Funds will be allocated through an auction that operates much like the request for proposal process. Bids must be submitted in the form of a simple cents-per-kilowatt-hour incentive, and may not exceed 1.5 cents-per-kilowatt-hour. Beginning with the lowest cents-per-kilowatt-hour bids, requests will be accepted until funds are depleted or all bids have been accepted.

Requests, or "bids," are due at the Energy Commission by May 26, 1998. Details are included in a Notice of Auction that was released March 31.

To qualify for funding, projects must be located in California and produce renewable electricity for sale, not just for on-site use, and meet other eligibility criteria. Projects must come on-line after September 26, 1996, and prior to January 1, 2002.

Companies whose bids are accepted will receive incentives for electricity generated and sold during the first five applicable years of operation after the project is developed.

The Notice of Auction 500-97-506 contains specific criteria which must be met for the project to be considered eligible for incentive payments. To receive a copy, call, fax or write:

California Energy Commission
Contracts Office MS-18
1516 Ninth Street, First Floor
Sacramento, CA 95814
(916) 654-4788 (messages)
(916) 654-4423 (facsimiles)

The complete 77-page Notice of Auction may also be downloaded from the Commission's Web site at:

www.energy.ca.gov/contracts/index.html

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For more information contact:
California Energy Commission
Claudia Chandler, Assistant Executive Director
916-654-4989


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