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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.

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