News & Bulletins

The Regulating District has extended a deadline for firms to respond to a Request for Proposals issued to identify a new operator of the Stillwater Hydroelectric Plant at Stillwater Reservoir. The Regulating District is in the process of acquiring the 1.8 MW plant, which comes with an active Power Purchase Agreement (PPA), from the current owner. It intends to enter into a contract with the successful proposer for a lease anticipated to begin July 1, 2024, subject to the closing date of the plant’s purchase, and extend through June, 2030, with an option for an additional 20- year term to be executed on mutual consent of the parties at terms to be negotiated. The initial six (6) year term will run concurrent with the Regulating District’s July 1, 2024-June 30, 2027 and July 1, 2027-June 30, 2030 financial and assessment cycles, and roughly concurrent with the remaining projected term of the PPA associated with the Plant.

Proposals are now due by May 23, 2024 at 4:00 PM ET from firms which must have attended an in-person site visit and plant inspection on April 22, 2024 or May 13, 2024, or a virtual site visit/ information session on May 15, 2024 in order to submit.

To register for an in-person or virtual site visit, email hrao@hrbrrd.ny.gov

To view the RFP in its entirety, click here.

RFP for Lease of Hydroelectric Plant