PECO Celebrates Earth Day with Next Step in Proven Environmental Leadership
April 22 2016 - 10:00AM
Business Wire
Company to create innovative Solar Stakeholder
Collaborative
In its next step of environmental stewardship, PECO today
announced the leadership and creation of an exciting new Solar
Stakeholder Collaborative. Kicking off this summer, the
Collaborative will work together to advance local solar energy with
invited participation from customer advocates, public officials,
competitive electric suppliers, solar supporters, and other
interested partners.
“We have a proven track record of environmental leadership,”
said Craig Adams, PECO president and CEO. “We also have a very
successful history of working with collaboratives like this to
provide advanced energy services, choices and programs for our
customers.”
Previous work has resulted in successful pilot programs
including PECO Wind, PECO Smart Time Pricing and PECO Smart Energy
Choice – each supporting Pennsylvania’s competitive energy market
and promoting the development of electricity generated from clean
resources and new pricing options.
The Collaborative will work together to advance the solar energy
market in Pennsylvania. Today’s announcement is the latest in a
series of successful environmental initiatives for PECO.
- Most recently, the Company announced
LEED certification of its Philadelphia headquarters. Twelve
PECO buildings are now LEED certified, totaling nearly 1.5 million
square feet of building space, 80 percent of the Company’s total
square footage and more than 30 percent of all LEED Existing
Building Operations and Maintenance (EBOM) certified buildings
throughout Pennsylvania.
- PECO Smart Ideas, the company’s
successful suite of energy efficiency programs for residential and
business customers, launched in 2009. The programs have helped
customers reduce energy consumption by nearly 7 percent, resulting
in a savings of more than 2 billion kilowatt-hours of electricity
and more than $500 million in annual energy costs, in addition to
more than $200 million in rebates and incentives.
- PECO’s environmentally friendly
green fleet continues to grow and currently includes
approximately 800 hybrid, natural gas, flex fuel and biodiesel
vehicles. These vehicles have reduced greenhouse gas (GHG)
emissions by more than 1,098 metric tons annually. The company also
is supporting the Edison Electric Institute’s employee plug-in
electric vehicle engagement initiative.
- The PECO Energizing Education
Program, a partnership with The Franklin Institute and The
National Energy Education Development Project, teaches students the
importance of energy efficiency and conservation through hands-on
activities. More than 25,000 students have participated in this
program.
- PECO Green Region environmental
grants provide funding for open space preservation, park
improvement projects, recreation resources and conservation. Since
2004, PECO has awarded nearly $1.4 million for more than 180
projects across southeastern Pennsylvania.
- We offer green rates for
customers who are interested in adding solar and other sources of
generation to their homes and businesses.
- And we purchase about 12.5 MW of
solar generated electricity each year, in addition to our other
wind and renewable energy purchases.
Environmental commitment also is a priority across the Exelon
family of companies. Our sister company, Constellation, 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. And our
parent company, Exelon, also has developed more than 250 MW of
utility solar projects, in addition to its portfolio of 47 wind
projects totaling nearly 1,500 MW.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160422005610/en/
PECOCathy Engel Menendez215-841-4492 or
215-841-5555catherine.engel@peco-energy.com
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