Company to create innovative Solar Stakeholder Collaborative
PHILADELPHIA–(BUSINESS WIRE)–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
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
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
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.
Cathy Engel Menendez
215-841-4492 or 215-841-5555