PECO has signed 10-year agreement to acquire 6 megawatts, or 80,000 solar energy credits, in support of Pennsylvania’s Alternative Energy Portfolio Standards (AEPS)… PECO trades on the “New York Stock Exchange” under the Stock Symbol”EXS”. For the Latest information regarding “EXS”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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PECO, (NYSE:EXS) has signed 10-year agreement to acquire 6 megawatts, or 80,000 solar energy credits, in support of Pennsylvania’s Alternative Energy Portfolio Standards (AEPS). The purchases were made at an average price of $256.57 per megawatt hour. Enough energy to power nearly 1,000 homes for 10 years, it would take about eight football fields of solar panels to produce the 6 megawatts purchased. Once complete, the company’s purchases could result in the same environmental benefit as planting more than 48,000 acres of trees or not driving more than 133 million.
“These purchases underscore our strong environmental focus and commitment to renewable energy for our customers,” said Denis P. O’Brien, PECO president and CEO. “By acting now PECO is helping to increase demand for renewable energy resources and promote clean energy technologies.”
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About PECO:
PECO is an electric and natural gas utility subsidiary of Exelon Corporation (NYSE:EXS). PECO serves 1.6 million electric and 486,000 natural gas customers in southeastern Pennsylvania and employs about 2,400 people in the region. PECO delivered 84.3 billion cubic feet of natural gas and 38.1 billion kilowatt-hours of electricity in 2009. 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.
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