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.


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015