PECO and its parent company, Exelon Corporation, have arranged $123 million in credit lines with 31 minority and community-owned banks in PECO’s service area and other regions where Exelon operates. These transactions help to grow local businesses and keep valuable dollars in the local economies. Exelon’s minority and community banking program, which began in 2003, remains unique in the energy industry. Locally, the United Bank of Philadelphia served as a lead arranger for the $34 million credit facility for PECO. Administered by JP Morgan Chase since its inception, the program has more than tripled in credit facility size and quadrupled the… Read more.
Brandon Leavitt, president of Solar Service Inc. located in Illinois, disproves the commonly held idea that Chicago does not attain enough sun to make solar energy worthwhile. “Germany uses more solar energy than any other country in the world, and they get much less sun than Chicago,” Leavitt said. Solar Service Inc. has three buildings that are powered by solar, and Leavitt was able to earn enough solar electricity credits that the August bill was only $6.05. Here is the interview Evanston Patch had with Leavitt regarding the matter: Evanston Patch: Your website says you install solar electricity, solar hot… Read more.
In addition to being the leading search engine, Google has become the leading player in the energy business outside of actually energy companies and financial institutions. Google currently has over $1 billion in energy investments and in contracts for renewable power. Google’s efforts to transform the world’s use of power and fossil fuels have included a$200 million investment in a Texas windfarm and the purchase of a company that makes innovative flying wind turbines. Google has also invested $160 million in a solar project in California and is funding the development of an offshore grid to support wind turbines off… Read more.
According to White House documents, President Barack Obama’s climate plan will restrict carbon emissions from existing coal-fired power plants and boost investments in renewable energy sources. The climate plan does not set a timeline for the power plant rules. Reports state that the United States Environmental Protection Agency will issue proposed carbon emissions limits for existing powers plants by June 2014 and finalize the regulations one year later. The federal government will also make up to $8 million available in loan guarantees for energy-efficiency and clean-technology projects for fossil fuel plants. In addition to limiting carbon emissions, the US will work… Read more.
Just Energy Group has release an online renewable energy quote tool called JustGreen, making it easier for commercial customers to acquire LEED® (Leadership in Energy and Environmental Design) certification at http://www.justgreenleed.com. The interactive tool allows architects, engineers, and various skilled laborers to obtain real-time quotes for the purchase of Renewable Energy Certificates (RECs) for LEED points as well as for carbon offsets. LEED, a third party certification program, is an internationally accepted benchmark of excellence for the design, construction and operation of high performance green buildings. Providing building owners and operators with the tools they need to have an immediate… Read more.
Just Energy’s JustGreen® Lifestyle initiative has just launched its JustGreen Business Advantage program that will allow businesses to reduce their carbon footprints by investing in carbon offsets. Just Energy is a leading retail electric and gas provider, with substantial investment in green energy programs and initiatives. JustGreen Lifestyle is Just Energy’s green energy initiative that helps businesses and residents help reduce their environmental impacts through carbon offsets and renewable energy credits. When businesses sign up, they receive a monthly membership plan that is customized to that company’s particular needs depending on size and energy use. Business members also benefit from… Read more.
Last week, Google announced that it will be partnering with Duke Energy Corp., a leading utility giant with subsidiaries in Indiana, Kentucky, North Carolina, Ohio and South Carolina. As part of its ongoing efforts to expand its involvement in renewable energy, Google will purchase renewable energy directly from Duke Energy. Currently, Google is acting as a broker, much like renewable retail electricity providers that are serving areas across the country that are open to electric choice (Google buys power from local renewable electricity generation companies and then sells back to the electric grid). This deal will allow Google to eliminate… Read more.
Just Energy, a leading North American retailer of electricity, natural gas, and renewable energy has announced a new partnership with New Jersey’s Stevens Institute of Technology to provide energy products and green solutions through it Affinity Program. Just Energy’s Affinity Program is offered to the retail electricity provider’s commercial customers. These programs are established as partnerships and are designed to generate funds for an organization while offering discounted energy offers to members or employees of the organization. Stevens Institute of Technology will be able to create revenue when students, employees, alumni, and local community residents sign up for Just Energy’s… Read more.
Pennsylvania’s PPL announced last week that electric supply rates for non-shopping small businesses will increase by 6% March 1, from 10.206 cents per kilowatt hour to 10.814 cents per kilowatt hour. Residential rates, on the other hand, are scheduled to decrease by about 4%, from 7.544 cents per kilowatt hour to 7.237 cents. As of February 2013, only 35% of Pennsylvania’s residential customers have made the switch to a retail electricity provider. Roughly 3.3 million residential customers still receive electric supply from their default utility. Commercial businesses have switched in greater numbers, with about 45% participating in electric choice. In… Read more.
On Monday, the Maryland Public Service Commission (PSC) ruled that Baltimore Gas & Electric (BGE), Potomac Electric Power Company and Southern Maryland Electric Cooperative provide more advanced options for electric use measuring for homes and businesses. In compliance with the ruling, BGE will install smart meters to businesses and homes beginning in April 2013. The smart meters will allow for the utility to more accurately measure electric use in a timely manner as well as be better able to respond to power outages. Customers will benefit through real-time usage measurements that allow them to be better able to actively change… Read more.
POWER SAVERS CORNER
Because the best way to save money on energy costs while also saving the environment is to use LESS power.