DTE launched RFP to acquire 350 MW of gas power

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DTE Energy has launched a tender process by issuing a request for proposal (RFP) to solicit bids for the company to acquire operational natural gas simple-cycle generating plants for up to 350 MW.

DTE is pursuing the RFP process to address its future resource adequacy requirements. The power plants must be in Michigan's Lower Peninsula.

DTE Energy sought proposals for natural gas power plants in Michigan last year and announced in November the purchase of the 732-MW Renaissance Power Plant in Carson City, Mich. That purchase closed Jan. 21, 2015.

The purchase also will help DTE to address its current and future power generation requirements. Jerry Norcia, DTE Electric president and chief operating officer, said the Renaissance plant provides customers with a reliable source of power at a reasonable cost. Norcia stated:

"The purchase of Renaissance Power provides DTE customers with a safe, affordable and reliable generation resource at a cost that is significantly below the cost of building new generating units. The gap between available generating capacity and customer demand for power in our region is shrinking. This situation could cause prices in the state and region to rise and become more volatile. This acquisition helps protect our customers from these dynamics."

Interested parties must submit their bids on or before 20 February 2015.

See tender documents:

http://www.dte-rfp.com/

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