Vectren 2020 RFP

Vectren 2020 RFP
For 700-1,000 MWs of Solar and 300 MWs of Wind

Vectren has issued this Request for Proposals seeking renewable and storage power supply to meet the needs of its customers. For asset purchases and power purchase agreements, the capacity is preferred to be fully accredited for the 2023/2024 MISO Planning Year. Vectren submitted an Integrated Resource Plan (2019/2020 IRP) to the Indiana Utility Regulatory Commission in June 2020 which identified a need for 700-1,000 MWs of solar (some paired with storage) and 300 MWs of wind as part of its preferred resource options to meet capacity and energy requirements. Only resources capable of firm deliverability to MISO Local Resource Zone 6 will be considered.

Vectren has retained the services of an independent third-party consultant, 1898 & Co., a division of Burns and McDonnell, to help manage the RFP process. All Respondents will directly interface with 1898 & Co. for all communications including questions, RFP clarification issues, and Proposal submission. All correspondence concerning this RFP should be sent via e-mail to VectrenRFP@1898andco.com.

Key Requests

Proposal type Both asset purchases and power purchase agreements
Total amount of wind 300 MW
Total amount of solar (or solar paired with storage) 700-1,000 MW
Minimum capacity 50 MW for wind and solar
12.5 MW/50 MWh for paired storage
Transfer/contract start date Preferred prior to MISO 2023/2024 PRA
MISO generator interconnection Existing GIA or already in MISO GI Queue
MISO transmission service NRIS is required
Project attributes All capacity, energy, ancillary services, and renewable energy credits related to the resource should be offered

The schedule below represents Vectren’s expected timeline for conducting this resource solicitation. Vectren reserves the right to modify this schedule as circumstances warrant and/or as Vectren deems appropriate.

Schedule

StepDate
RFP Issued Wednesday, August 12, 2020
Notice of Intent, NDA, and Respondent Application Due 5:00 p.m. CDT
Thursday, August 27, 2020
Proposal Submittal Due Date 5:00 p.m. CDT
Wednesday, September 23, 2020
Initial Proposal Review and Evaluation Period Wednesday, September 23, 2020 – Wednesday, November 4, 2020
Proposal Evaluation Completion Target and Short List to Vectren Thursday November 5, 2020
Due Diligence and Negotiations Period Late 2020
Definitive Agreement(s) Executed (subject to regulatory approvals) with Selected Respondent(s) Q1 2021
Petitions (if required) filed with the IURC and any other required agency/commission Q2 2021

Website Designed and Hosted by: 1898 & Co.