Wednesday, December 17, 2014

PECO plans solar-power finance

Exelon Corp.'s Peco Energy is asking the Public Utility Commission to approve its plan to buy 6 megawatt-hours of "solar energy credits" from solar-electric power producers, as a way of complying with state law and stimulating regional production of sun-based power.

PECO plans solar-power finance

Exelon Corp.'s Peco Energy is asking the Public Utility Commission to approve its plan to buy 6 megawatts (NOT mWh) of "solar energy credits" from solar-electric power producers, as a way of complying with state law and stimulating regional production of sun-based power. Read the company's proposal here.

Under the law, the solar power wouldn't have to be produced in Peco's service area (southeastern Pennsylvania) or actually used by Peco, so long as the company's helping expand solar power production. "It can come from anywhere in the (13-state) PJM Interconnection service area," said Peco spokeswoman Cathy Engel. Peco has made a similar committment to finance wind energy as part of Gov. Rendell's mandate to reduce the state's reliance on coal, oil and gas.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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