Reverse Request for Proposalfor Renewable Energy Credits (“RFP”)

January 13, 2012

PacifiCorp is proposing to sell California RPS-eligible Renewable Energy Credits (“RECs”), and other RECs, in this RFP.

Interestedbuyers should provide PacifiCorp with the requested information on the attached Bid Response Form, Exhibit A, by RFP due date of Thursday, February 9, 2012by 9:00 a.m.Pacific Prevailing Time (PPT) by e-mail to:

Paul Johnson

Phone: (503) 813-5285

RFP Description and Definitions

Product:

PacifiCorp is proposing to sell RECs.

RECs are measured in one megawatt increments and evidenced by the transfer of a WREGIS certificate.

Certain offered RECs, for eligible renewable resources shown in Exhibit B, have the following characteristics:

  • Conform to the definition and attributes required for compliance with the California Renewables Portfolio Standard Program as codified at California Public Utilities Code Section 399.11 et seq., and any decisions by the California Public Utilities Commission (“CPUC”) related thereto,
  • Are generated by a resource that has been certified by the California Energy Commission as an RPS-eligible resource,
  • “REC” has the meaning given to Green Attributes in CPUC Decisions (D.) 08-08-028 and 11-01-025, and
  • PacifiCorp has obtained LORS Certification for each of the resources. “LORS Certification” means certification by the CEC of an electric generation facility not located within the state of California that such facility meets California’s environmental quality laws, ordinances, regulations, and standards as set forth in the CEC’s RPS Eligibility Guidebook.

Other offered RECs are described in Exhibit C. Prospective bidders may bid for RECs from either or both pools of resources (Exhibit B or C), or RECs from specifically named resources.

REC Quantity:

PacifiCorp is not setting a maximum number of RECs offered at this time and may in its discretion limit the maximum number of RECs for which it accepts bids. The minimum amount of RECs bid by a prospective buyer should not be less than 1,000 RECs in any single calendar year.

Vintage Period(s):

RECs offered are for any, or all, vintage calendar years 2010 to 2015.

REC Delivery:

RECs will be transferred via the Western Renewable Energy Generation Information System (“WREGIS”)

Underlying Agreement:

Existing enabling agreement, WSPP Agreement, or PacifiCorp REC Purchase and Sale Agreement

Contingencies:

These Proposed Terms/Conditions are for discussion purposes only, and not an offer or commitment of PacifiCorp or any of its affiliates to enter into any transaction. The prices and terms are subject to change and further review and approval, until execution of a definitive agreement containing all appropriate provisions, including those related to dispute resolution, credit, and governing law. Neither party is obligated to enter into a transaction or definitive agreement with the other party and each party may cease discussions for any reason at any time. Counterparty shall not disclose the provisions of this document to any third party.

Exhibit A - PacifiCorp REC RFP - Response Form

Return by e-mail to:

Buyer:

Counterparty Name: ______

Contact Name: ______

Phone Number: ______

Prospective buyers are requested to describe need relative to PacifiCorp’s product offering in this RFP:

REC Quantity:
Preferred Resource:
Vintage Period:
REC Bid Price ($/REC):
REC Delivery (timing):

Alternatively, prospective buyers may describe their need below, or describe any future REC purchasing needs for further consideration, including any interest in RECs from other types of resources:

______

PacifiCorp REC Reverse RFP, January 13, 2012

Exhibit B –CEC certified resources:

Exhibit C – Other resources:

PacifiCorp REC Reverse RFP, January 13, 2012