Looking for a few good renewables   

Tags: Avista Utilities, Electricity, Renewable Energy

Wind power is renewable energy.
Today we announced that Avista is seeking proposals from suppliers of renewable energy. Qualified projects would include wind, solar, geothermal, biomass, qualified hydroelectric, and other eligible renewable resources that meet Washington’s renewable portfolio standard.

We’re looking for these resources to deliver customers renewable power in addition to the renewable hydroelectric and biomass projects we currently operate. As a company we’re required maintain a renewable portfolio, which was defined in Washington in I-937. This was an initiative passed by Washington voters in November 2006 and requires utilities to have 15 percent of their load served by new renewable energy by 2020. (Note the definition says “new” renewables).

We want to get the lowest-cost resources in place to keep customer rates as low as reasonably possible. Seeking these proposals now, means we can take advantage of federal and state tax incentives – saving money.

It’s a pretty interesting time in the utility business. While the light switch in your house looks pretty much the same as it did 30 years ago, the resources that power it (and everything else in your house) are certainly being ever more diversified.

Here’s the news release with a few more details. I’ll keep you posted on this project as things come up.
 
Posted by  System Account  on  9/24/2009
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