NV Energy Seeks Offers for Renewable Energy Credits

Friday, Jul 30, 2010

NV Energy (NYSE:NVE) has issued a Request for Offers (RFO) for renewable energy portfolio credits from qualified renewable energy generators. This solicitation requests proposals for the sale of renewable energy credits and all other renewable energy benefits, but does not seek the associated renewable energy from generation sources. Proposals can be for a contractual time length of five to 25 years.

Energy credit proposals will be considered for energy derived from solar, geothermal, biomass, wind and other resources eligible for portfolio energy credits under the Nevada Renewable Portfolio Standard. The energy credits will require certification from the Public Utilities Commission of Nevada through the Nevada Tracks Renewable Energy Credits (NVTREC) program.

Eligible renewable resources must be either in operation or have a commercial operation date no later than July 1, 2013. Minimum bid size is 450 kilowatts, but proposals can be comprised of multiple sites of no less than 150 kilowatts at each site.

Parties interested in submitting a response to NV Energy's 2010 Portfolio Energy Credit Request for Offers should go to NV Energy's website at www.NVEnergy.com/PCOnlyRFO for additional information and the necessary forms.

Proposals in response to the RFO are due by 5 p.m. (PDT) on Sept. 22, 2010.

NV Energy currently has more than 1,200 megawatts of geothermal, solar, biomass, waste-heat recovery and wind energy under contract or in the project development stage.

Source: PR Newswire