ATLANTA, June 23 /PRNewswire-FirstCall/ -- Georgia Power received 26
proposals from 8 different companies in response to its request for
proposal for 2,100 megawatts of electricity to meet customer demand in
2010. All the bids combined reached a total of more than 10,000 megawatts
of electricity.
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The majority of the bids came from companies who propose operating
natural gas units to generate electricity. There were also bids from
companies who propose using coal to generate electricity.
Most of the bids were in the 200- to 800-megawatt range, indicating
that some combination of bids would be needed to meet the 2,100 megawatt
request. Bids also ranged in duration to include 7-year, 15-year and
30-year proposals.
All of the bids were for generation from within the footprint of
Southern Company, Georgia Power's parent.
"The number of companies bidding and the types of generation proposed
is an indication that there is still a healthy, competitive wholesale
generation market in the Southeast," said Jeff Burleson, director of
Georgia Power's Resource Planning department.
The bids will be analyzed by the company and an Independent Evaluator
for the Georgia Public Service Commission (GPSC) to determine the viability
of the projects from a generation and transmission standpoint, as well as
to identify the low-cost bidders, according to Burleson. The next step will
be to determine a short list of the best bids by December 14, 2006.
Contracts for the winning bids will then be submitted in early 2007 for
certification by the GPSC. The new generation would need to be on line by
June 1, 2010.
Georgia Power approached the GPSC last year requesting approval to
build a new plant in 2011 to meet customer demand and to address
transmission needs in Northeast Georgia. The Commission asked the company
to issue an RFP to make sure other bidders were considered in meeting this
targeted need. After an extensive RFP process targeting generation in the
Northeast Georgia area, no competitive bids were received for comparison to
the self-build option. Georgia Power will move forward with plans to bring
the new company-owned plant on line in 2011.
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO),
one of the nation's largest generators of electricity. The company is an
investor-owned, tax-paying utility, serving customers in 57,000 of the
state's 59,000 square miles. Georgia Power's rates are below the national
average and its 2 million customers are in all but six of Georgia's 159
counties.
SOURCE Georgia Power
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Related links:
http://www.georgiapower.com
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CONTACT:
Media, John Sell of Georgia Power,
+1-404-506-7676, or +1-800-282-1696
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