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ODEC Solicits Long-Term Power Supply Proposals

June 1, 2012

Glen Allen, Va. ― Old Dominion Electric Cooperative (ODEC), a not-for-profit wholesale provider of electric generation and transmission services to 11 member distribution cooperatives, has issued a Request for Proposals (RFP) for long-term intermediate and base load generation resources or firm power sales.

Respondents must be able to provide at least 100 megawatts of dispatchable power for a commercial start date between June 1, 2015 and June 1, 2018. Power purchase agreement terms will be a minimum of 10 years and up to 30 years in duration.

“We look forward to receiving a number of diverse and innovative offers by the July 16 proposal deadline,” said Lisa Johnson, ODEC senior vice president and chief operating officer.

ODEC’s service territory includes portions of Virginia, Maryland and Delaware, and preference will be given to those able to deliver to these areas. All proposals must originate within the PJM power pool or from an adjacent area or regional transmission organization with firm transmission delivery into PJM.

“With demand for electricity in our service area projected to increase, we are working to ensure an adequate supply of reliable and affordable energy for more than one million mid-Atlantic residents who depend on ODEC’s member cooperatives for their electric service,” Johnson explained.

While this RFP is for dispatchable power, which will exclude some forms of renewable resources, as a member-owner of the National Renewables Cooperative Organization, ODEC recently added long-term contracts for both wind and landfill gas sourced generation to its power supply mix. The cooperative also facilitates successful energy efficiency and demand response initiatives by its member cooperatives, including discounts on CFL light bulbs and free on-line home energy audit tools.

“We will continue to assist our member cooperatives and their consumers with efforts to increase energy efficiency and promote smart energy consumption, but these measures will only partially address our projected power needs over the next few decades,” said Johnson.

About ODEC: Old Dominion Electric Cooperative (ODEC) is a generation-and-transmission cooperative that provides wholesale power to 11 member electric distribution cooperatives in Virginia, Maryland and Delaware. ODEC and its member systems are not-for-profit electric cooperatives that are owned by the consumer-members they serve.

ODEC currently owns 11.6 percent of the North Anna Nuclear Power Plant in Louisa County, VA and 50 percent of the Clover Power Station in Halifax County, VA. The Cooperative also owns and operates generation facilities in Louisa and Fauquier counties in Virginia and has a 50 percent ownership of a generation facility in Cecil County, MD.

For more information about the current ODEC solicitation, download the 2012 RFP document posted under the “About ODEC” link on www.odec.com.

View official press release: Old Dominion Electric Cooperative Solicits Long-Term Power Supply Proposals