2025 ISO-NE Capacity RFP

On October 24, 2025, PSEG Long Island, as agent of and acting on behalf of LIPA, issued a request for proposals, the 2025 ISO-NE Capacity Request for Proposals, to procure up to 345 MW of Capacity from one or more generating facilities located in the New England Control Area for the NYISO Capability Years 2027 – 2028, 2028 – 2029, 2029 – 2030, 2030 - 2031, and 2031 - 2032, which are eligible to qualify as Locational Installed Capacity for Long Island (Load Zone K) under the applicable NYISO Rules. Each Proposal must offer a minimum of 25 MW from a single Project. Any questions or needed clarifications concerning this RFP should be sent to: [email protected]. RFP Target Dates Activity Target Date Release of RFP Oct 24, 2025 Question Submittal Window Oct 24, 2025 – Dec 12, 2025 Proposal Submittal Deadline Dec 18, 2025, 5:00 PM EPT Proposal Selection(s) Mar 27, 2026 CPA Negotiations Completed May 15, 2026 LIPA Board of Trustees Approval June, 2026 Firm Pricing Required Through Aug 31, 2026 NY State Approvals (Effective Date)* Aug 31, 2026 Service Commencement Date(s) May 1, 2027, May 1, 2028, May 1, 2029, May 1, 2030, or May 1, 2031, as applicable Business enterprises awarded an identical or substantially similar procurement contract within the past five years: Millenium Power Company LLC Calpine Energy Services LLC Service-Disabled Veteran-Owned Business (SDVOB) SDVOB Goal: 0.00% Minority / Women Business Enterprise contracting goals (MWBE) MBE Goal: 0.00% WBE Goal: 0.00%