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.

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