in News Departments > New & Noteworthy
print the content item

Wells Fargo & Co. plans to offer electricity price hedging to middle-market companies to help them manage their power costs. The hedging program is designed to benefit companies spending at least $1 million annually on electricity and help them purchase environmental management products to reduce their carbon footprint and offset greenhouse gas emissions.

Hedging gives companies greater control over both short- and long-term electricity costs and protects them from potentially large year-over-year fluctuations in the price of electricity, Wells Fargo explains.

As part of the hedging program's offerings, companies can purchase renewable energy credits (RECs) with financing from Wells Fargo that also supports the renewable energy industry.

"RECs contribute to the development of new renewable energy sources such as wind, solar, geothermal and small hydroelectric by enabling companies to purchase the green attributes of the electricity generated by these sources," says Anil Suri, managing director in Wells Fargo's financial products group.

IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.

JLG_id1900
UEA_id1896
WomenofWind_id
Acciona_id1907
AWEA_id1886
bonfiglioli_id1913