PECO to purchase 250,000 renewable energy credits in 2008

PECO (an electric and natural gas utility serving 1.6 million electric and 480,000 natural gas customers in southeastern Pennsylvania and part of Exelon Energy Delivery) is inviting alternative energy producers to submit bids to sell alternative energy “credits” to help the company fulfill renewable energy requirements set by Pennsylvania’s recent Alternative Energy Portfolio Standards (AEPS) legislation. PECO wants to purchase up to a total of 250,000 renewable energy credits per year in a fixed price 5 year contract to be concluded in Spring of 2008 with a view to supply of energy credits by end 2008.

PECO is Pennsylvania’s largest utility, serving approximately 1.6 million electric customers operating and maintaining a network with 550 power substations, 21,000 miles of distribution and transmission lines, 27 gas gate stations and 6,000 miles of underground gas mains. PECO has been recognized as Pennsylvania’s safest utility by the state Department of Labor & Industry with related awards also from the Energy Association of Pennsylvania and the American Gas Association.

It is estimated that over this 5 year period the energy savings would be the equivalent of planting 33 million trees! it looks like Government legislation such as the AEPS legislation that requires that PECO produces 3.5 percent of its total energy through renewable resources such as wind, low-impact hydro, methane, geothermal, biomass or fuel cells by 2011 is going to have a serious positive impact on our environment, the same impact as reducing driving by 428 million miles!

For more information please contact Cathy Engel, PECO, 2301 Market Street, S14-1, Philadelphia, PA 19103. 215-841-4492 or 215-841-5555

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Tags: Alternative Energy, Electric power transmission, Energy Efficiency, Exelon, Greenhouse gas, Natural gas, Renewable energy, Renewable resource