PacifiCorp 2026 Renewable Energy Credits (RECs) RFP

PacifiCorp seeks cost-competitive bids for renewable energy credits (RECs) to meet customer needs through this January 2026 solicitation. The RFP includes two distinct REC products: Product 1 comprises 112,000 RECs with vintage BH 2025-2026 (July 1, 2025 - November 30, 2026), and Product 2 comprises 109,000 RECs with vintage 2026 (January 1, 2026 - November 30, 2026). Both products have a preference for delivery out-of-book (OOB) by June 30, 2026, with a final possible delivery date of November 30, 2026. Counterparties may provide bids for one or both products.

All RECs must meet specific requirements including facility locations within WECC, preferred technology sources of wind, solar, and geothermal (with limited quantities of low-impact hydro and certified low-emission biomass acceptable), CRS-eligibility preference, commercial operation date (COD) of 2012 or newer, and minimum bid amounts of 5,000 RECs per seller. REC transfer will occur via the Western Renewable Energy Generation Information System (WREGIS). Bids may be structured under existing enabling agreements such as WSPP Agreement Schedule R or PacifiCorp REC Purchase and Sale Agreement.

Key dates include RFP issuance on January 9, 2026, bidder questions due January 14, 2026, bidder question responses posted January 16, 2026, and bid submission deadline of 5:00 p.m. PPT on Friday, January 23, 2026. Evaluation completion and bidder notification for negotiation selection is targeted for February 6, 2026, with underlying agreements expected to be completed by February 27, 2026. All proposals must maintain bid validity through February 27, 2026.

Bidders selected for negotiation must provide comprehensive credit information including exact legal name and address, debt ratings from S&P and/or Moody's, audited financial statements for three most recent fiscal years, disclosure of pending legal disputes, bankruptcy history within past five years, and demonstration of ability to provide required security. PacifiCorp reserves the right to reject any or all bids and to terminate the RFP at any time without qualification.