in News Departments > FYI
print the content item

PECO, a Philadelphia-based utility and subsidiary of Exelon Corp., has filed a petition with the Pennsylvania Public Utility Commission (PUC) to purchase the equivalent of 240 MW of alternative energy credits for five years.

According to the company, the proposal would help meet Pennsylvania's Alternative Energy Portfolio Standards Act, which requires the utility to provide 3.5% of its energy from renewable sources by 2011 and 8% by 2020.

"By purchasing the credits now, and banking them to meet future requirements, we can take advantage of current market prices," says Denis O'Brien, PECO's president.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032
Canwea_id1984