BPA, BEF Ink 'Green Tag' Deal to Sell Green Power Attributes

Apr 30, 2001, 01:00 ET from Bonneville Power Administration

    PORTLAND, Ore., April 30 /PRNewswire/ -- In a continuing drive toward a
 green energy future in the Northwest, the Bonneville Power Administration and
 the Bonneville Environmental Foundation (BEF) signed an agreement today to
 promote renewable power development.  The partners will market its
 environmental attributes through the innovative "Green Tags" program.
     As an example of how the program works, BPA, BEF and Energy Northwest are
 building a solar generation facility at Hanford, Wash.  When it is complete,
 BPA will buy the solar output and meld it with other agency supplies and then
 sell it at BPA's regular rate.  The green power attributes will be assigned to
 BEF to cover the cost for solar that is above the regular rate.  BEF will then
 sell the green tags to interested parties, creating additional revenue to
 expand a $15 million fund for renewable resource development.
     "Green tags are a simple way of capturing the environmental attributes of
 wind, solar and other renewables.  They give buyers an easy way to help
 transition the power system from fossil fuel dependence to new renewables,"
 said Angus Duncan, president of BEF.
     "BPA is proud to be among the first in the country to pursue the green tag
 program," said John Lebens, BPA account executive.  "It will help fund a
 dramatic expansion of BPA's purchases of renewable sources of energy, which in
 turn makes the Northwest grid more reliable and helps the environment."
     To qualify for green tags, generation facilities must be endorsed by
 Northwest environmental groups and may include wind, geothermal, solar or
 biomass.  Purchasers in turn can offset a portion of the carbon dioxide and
 other greenhouse gas emissions that result from their electricity usage and
 get credit for purchasing a percentage of their power from renewable sources.
     BEF sold the first green tags to the US Environmental Protection Agency in
 Seattle a year ago.  Sales are now planned throughout the Northwest.
 
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SOURCE Bonneville Power Administration
    PORTLAND, Ore., April 30 /PRNewswire/ -- In a continuing drive toward a
 green energy future in the Northwest, the Bonneville Power Administration and
 the Bonneville Environmental Foundation (BEF) signed an agreement today to
 promote renewable power development.  The partners will market its
 environmental attributes through the innovative "Green Tags" program.
     As an example of how the program works, BPA, BEF and Energy Northwest are
 building a solar generation facility at Hanford, Wash.  When it is complete,
 BPA will buy the solar output and meld it with other agency supplies and then
 sell it at BPA's regular rate.  The green power attributes will be assigned to
 BEF to cover the cost for solar that is above the regular rate.  BEF will then
 sell the green tags to interested parties, creating additional revenue to
 expand a $15 million fund for renewable resource development.
     "Green tags are a simple way of capturing the environmental attributes of
 wind, solar and other renewables.  They give buyers an easy way to help
 transition the power system from fossil fuel dependence to new renewables,"
 said Angus Duncan, president of BEF.
     "BPA is proud to be among the first in the country to pursue the green tag
 program," said John Lebens, BPA account executive.  "It will help fund a
 dramatic expansion of BPA's purchases of renewable sources of energy, which in
 turn makes the Northwest grid more reliable and helps the environment."
     To qualify for green tags, generation facilities must be endorsed by
 Northwest environmental groups and may include wind, geothermal, solar or
 biomass.  Purchasers in turn can offset a portion of the carbon dioxide and
 other greenhouse gas emissions that result from their electricity usage and
 get credit for purchasing a percentage of their power from renewable sources.
     BEF sold the first green tags to the US Environmental Protection Agency in
 Seattle a year ago.  Sales are now planned throughout the Northwest.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X68202937
 
 SOURCE  Bonneville Power Administration