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Through a competitive bidding process conducted by economists at The Brattle Group, FirstEnergy Corp. subsidiaries Metropolitan Edison Co., Pennsylvania Electric Co. and Pennsylvania Power Co. have solicited contracts for 13,500 solar photovoltaic alternative energy credits (SPAECs) annually over a 10-year period.

Brattle notes that one SPAEC represents the solar renewable energy attributes of 1 MWh of generation from a solar generating facility.

According to Brattle, the procurement was part of the companies' revised default service plan compliance filing approved by the Pennsylvania Public Utility Commission to competitively procure SPAECs to meet the state's Alternative Energy Portfolio Standards. The Pennsylvania Public Utility Commission approved the results of the procurement on Nov. 20.

The average cost to the companies is $65.31 per SPAEC, with deliveries scheduled to begin in June 2014 and last through May 2024, Brattle says. The firm adds that the costs of the SPAECs purchased in this request for proposals will be reflected in customer bills beginning in June 2014.


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