Big Rivers Electric Corporation 2022 All-Source Request For Proposals

Big Rivers Electric Corporation (BREC) is a generation and transmission cooperative headquartered in Henderson, Kentucky. BREC owns, operates, and maintains electric generation and transmission facilities, and it purchases, transmits, and sells electricity wholesale. It exists for the principal purpose of providing the wholesale electricity requirements of its three distribution cooperative Member-Owners; Jackson Purchase Energy Corporation (JPEC), Kenergy Corp. (Kenergy), and Meade County Rural Electric Cooperative Corporation (MCRECC). The Members, in turn, provide retail electric service to more than 120,000 consumer-members located in all or parts of 22 western Kentucky counties: Ballard, Breckenridge, Caldwell, Carlisle, Crittenden, Daviess, Graves, Grayson, Hancock, Hardin, Henderson, Hopkins, Livingston, Lyon, Marshall, McCracken, McLean, Meade, Muhlenberg, Ohio, Union, and Webster. A map illustrating the Members’ service territory is provided in Figure 1.

Figure 1:   BREC Electric Service Area

BREC is issuing this All-source Request for Proposals (ASRFP) to seek power supply and demand-side Proposals for capacity and unit-contingent energy to meet the needs of its customers. The capacity and energy offered in this ASRFP must be fully accredited by June 1^st, 2029, for use in the 2029/2030 MISO Planning Year (PY).

BREC has retained the services of an independent third-party consultant, 1898 & Co. (“1898 and Co,”), a part of Burns & McDonnell Engineering Co. Inc. (“Burns & McDonnell”), to support various aspects of this ASRFP process and to work with BREC to perform the quantitative and qualitative evaluations of all Proposals. However, BREC will make the final decisions with regard to this ASRFP at its sole discretion.

All Respondents shall directly interface with 1898 & Co. for all communications related to this ASRFP, including questions, ASRFP clarification issues, and ASRFP proposal submittal. All correspondence concerning this ASRFP should be sent via e-mail to BRECRFP2022@1898andco.com.

Based on the recent IRP study, BREC has identified a capacity need of approximately 600 MW nameplate capacity of supply-side resources beginning in the 2029/2030 planning year. 

Therefore, Respondents are encouraged to offer up to roughly 600 MW nameplate capacity and/or associated energy depending on the resources they have available. The minimum nameplate capacity requirement for any Proposal is 50 MW of nameplate capacity, and it must offer MISO an accredited or accreditable capacity (Zonal Resource Credits under the current resource adequacy construct) of no less than 10 MW for MISO LRZ 6.

BREC will evaluate Proposals that utilize any of the following transaction structures:

·         Power Purchase Agreement, either:

o    Traditional, or

o    Tolling

·         Build transfer agreement (“BTA”) or Asset Purchase Agreement (“APA”).

With respect to Proposals using a PPA structure (traditional or tolling), BREC requests that Proposals incorporate an option for BREC to ultimately purchase the resource. BREC prefers Proposals that reflect total costs and characteristics necessary for the resource to be financially settled or directly delivered to BREC’s load node BREC.BREC. All potential agreements are subject to Kentucky Public Service Commission (KYPSC) approval and are not effective until such approval is final.

To access the full information regarding this ASRFP on this website, respondents first need to register by providing the requested information and an e-mail address. This e-mail address will be the registered e-mail address of the Respondent which will be used by BREC to communicate information regarding this ASRFP with the Respondent. Once the e-mail address is verified, interested parties will have access to the “Download MNDA” tab at the top corner of this website.

Once the interested parties have submitted the executed Mutual Non-Disclosure Agreement (MNDA), they will then have access to navigate to the other tabs of this website. It is recommended that they first navigate to the ‘Download RFP’ tab to collect all available documents pertaining to this ASRFP.

Respondents can submit any questions related to the ASRFP here on this website within the “Submit Questions” tab. BREC plans to respond to all questions received from registered Respondents who have submitted an executed MNDA via e-mail to their registered e-mail address.

If BREC receives similar questions from multiple Respondents, then those questions and BREC’s response will be uploaded to the Frequently Asked Questions (FAQ) tab of this website.

 

Proposals shall be submitted in strict accordance with the ASRFP schedule. BREC will not grant any extensions to the ASRFP schedule and will not accept late Proposals. Any Proposal received after the required date will be rejected, and the Respondent will be notified accordingly.

 

ASRFP Schedule