PECO Advances Local Solar Energy with Leadership of Successful Solar Stakeholder Collaborative
June 24 2016 - 10:00AM
Business Wire
More than 85 people representing community organizations,
environmental groups, solar companies, competitive electric
suppliers, public officials, utilities and other stakeholders
joined PECO yesterday in Philadelphia for the company’s Solar
Stakeholder Collaborative. Announced on Earth Day 2016, PECO
created and lead the Collaborative to work together to advance
local solar energy for customers in Southeastern Pennsylvania.
“We all have something in common,” said PECO President and CEO
Craig Adams during his kick-off remarks. “Each of us is here today
because we share a commitment – a commitment to this region, a
commitment to advancing solar energy, and a commitment to the
neighborhoods and communities we serve. The group we have brought
together is very diverse, and we need all of your voices to help
shape what’s next. Today we will learn more about the important
role each of us can play. Together I think we will do great
things!”
The morning included an overview of solar initiatives across the
nation, the regulatory framework in Pennsylvania, and perspectives
from a solar developer. During the afternoon, attendees worked in
break-out sessions focusing on Low Income Solar, Private Solar,
Universal Solar, and Solar Job Creation.
Highlights from the Collaborative included discussions on
opportunities to streamline processes on how to interconnect to the
regional distribution system, Federal and State policies, workforce
development opportunities, making solar more economical and
accessible to all customers, connecting energy efficiency and solar
and enhancing renewable energy credit incentives.
PECO and the Exelon family of companies are proven environmental
leaders. Specifically, Exelon has developed more than 450 megawatts
of utility and distributed solar. Constellation, Exelon’s
competitive retail and wholesale energy supplier, is the third
largest commercial developer in the state – developing more than 72
commercial, industrial and governmental customer solar
installations, totaling more than 200 MW of capacity. Locally, PECO
already supports more than 3,000 customers who have chosen to add
solar and other sources of generation to their homes and
businesses, and purchases about 12.5 MW of solar generated
electricity each year, 70 percent of which is generated right here
in Pennsylvania. In total, this is enough solar energy to power
83,000 homes each year.
Based in Philadelphia, PECO is an electric and natural gas
utility subsidiary of Exelon Corporation (NYSE: EXC). The
company’s 2,400 dedicated employees provide advanced, innovative
energy solutions to 1.6 million electric and more than 511,000
natural gas customers in southeastern Pennsylvania. In 2015
PECO delivered 86.9 billion cubic feet of natural gas and 38
billion kilowatt-hours of electricity. The company also has an
estimated annual economic impact of $4.5 billion in Pennsylvania,
supporting more than 9,600 local jobs and producing $760 million in
labor income. Founded in 1881, PECO is one of the Greater
Philadelphia Region's most active corporate citizens, providing
leadership, volunteer and financial support to numerous arts and
culture, education, environmental, economic development and
community programs and organizations. For more information visit
PECO.com, and connect with the company on Facebook and Twitter.
If you are a member of the media and would like to receive
PECO news releases via e-mail please send your e-mail address
to PECO.Communication@exeloncorp.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160624005373/en/
PECOBen Armstrong, 215-841-5555
Exelon (NYSE:EXC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Exelon (NYSE:EXC)
Historical Stock Chart
From Apr 2023 to Apr 2024