2026 Unbundled (PCC 3) REC Sale Solicitation
PG&E is selling unbundled PCC 3 RECs from 2023-2024 via a solicitation with a bid deadline of August 17, 2026. Participants must have an EEI Master Agreement with Collateral Annex and submit through the Wood Mackenzie platform. The solicitation is conducted under CPUC Decision 25-12-025.
Categories
Important dates
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Published
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Submission deadline
Deadline passed -
Notification of qualified participants
PG&E notifies qualified participants.
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Agreement execution target
End of August 2026 (approximate date).
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CPUC submission deadline
No later than 60 days after execution (estimated based on August 31 execution).
AI overview
PG&E is conducting a solicitation to sell Portfolio Content Category 3 (PCC 3) unbundled Renewable Portfolio Standard (RPS)-eligible Renewable Energy Credits (RECs) generated in 2023 and 2024. This solicitation is issued in compliance with California Public Utilities Commission (CPUC) Decision 25-12-025. The RECs are being sold under a confirmation agreement, and participants must have an EEI Master Agreement with Collateral Annex in place with PG&E prior to execution.
Key dates for this solicitation are as follows: The solicitation was issued on August 6, 2026. The deadline to submit bids is August 17, 2026 at 12:00 p.m. Pacific Daylight Time (PDT). PG&E will notify qualified participants on August 21, 2026. Agreements are expected to be executed by the end of August 2026, and PG&E will submit the agreements for CPUC approval no later than 60 days after execution. PG&E reserves the right to change the schedule without liability.
Participants must meet the criteria in PG&E's RFO Protocol. Required documents include the Solicitation Protocol, the EEI Master Agreement Confirmation (Attachment A), Participant Attestations (Attachment B), a Confidentiality Agreement (Attachment C), a Broker Confidentiality Agreement if applicable (Attachment D), and documentation of entity legal status (Attachment E) showing an "Active" status with the California Secretary of State. All materials must be submitted via the Wood Mackenzie online platform (Power Advocate). Participants who do not have an EEI Master Agreement with PG&E should contact ShortTermRECSales@pge.com to establish one.
For questions, contact the solicitation mailbox at ShortTermRECSales@pge.com with a copy to the Independent Evaluator, Lewis Hashimoto, at arroyosecoconsulting@gmail.com. Accessibility issues can be reported to solicitationaccessibility@pge.com. This solicitation is open to qualified entities that can demonstrate legal status and meet the credit and operational requirements set forth in the protocol.
Resources & contact
Proposal Document
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