PECO Solar RFP

PECO Energy Company is soliciting proposals for long-term renewable energy, capacity, and solar photovoltaic alternative energy credits (SPAECs) from new Tier I solar alternative energy systems under Pennsylvania's Alternative Energy Portfolio Standards Act. The Company seeks to procure up to 25 MW (DC) of total solar capacity across multiple projects, with a minimum project size of 5 MW (DC). All projects must be new utility-scale solar facilities physically located in the Commonwealth of Pennsylvania and interconnected to PJM Interconnection, LLC, capable of selling energy and capacity into PJM markets and accruing AEPS-compliant SPAECs.

The Company intends to enter into fixed-price 10-year Power Purchase Agreements (PPAs) with winning suppliers. Projects are strongly preferred to achieve commercial operation by PJM's 2027/2028 Planning Year or earlier, though projects with Guaranteed Initial Delivery Dates through PJM's 2028/2029 Planning Year will be considered. The Company prefers resources located within its service territory, which covers over 1.7 million retail customers in Pennsylvania, but will consider projects anywhere in the state as long as they interconnect to PJM.

Key dates for this RFP include: Pre-Qualification Application Due Date of April 1, 2026 at 12:00 p.m. EPT; Notification of Pre-Qualification on April 10, 2026 at 6:00 p.m. EPT; Proposal Due Date of April 27, 2026 at 12:00 p.m. EPT; Deadline to Complete Proposal/Bids Opened Date of May 6, 2026 at 12:00 p.m. EPT; PA PUC decision on RFP Results no later than May 28, 2026; and fully executed PPAs no later than June 10, 2026. The Pennsylvania Public Utility Commission approved the RFP procedures and PPA terms on February 3, 2025 under Docket No. P-2024-3046008.

Bidders must submit a completed Pre-Qualification Application via the online application form at the RFP website by the Pre-Qualification Application Due Date. Bidders with pre-qualified projects must then submit a Proposal Form and Bid Form using Microsoft Excel spreadsheets provided by the Independent Evaluator, both due by the Proposal Due Date. Bids must be denominated in a single fixed price in $/MWh applicable for each year of the 10-year contract term, covering energy, capacity, and associated AEPS-compliant SPAECs. Bid assurance collateral of $20,000/MW is required, posted as either cash or a pre-bid letter of credit. All proposals must remain valid for up to three months following the proposal due date.