Wednesday, PECO, a unit of Exelon Corp. (EXC) announced that it has entered into five-year agreements for the purchase of renewable energy credits equal to 412,000 megawatt-hours of renewable energy.
The agreement, along with a similar agreement made in August 2008, brings PECO's renewable energy credit purchase to 452,000 per year, making it the first utility in the state to buy and bank renewable energy credits to meet the Pennsylvania Alternative Energy Portfolio Standards requirements.Based on Environmental Protection Agency methodology, PECO's renewable energy credit commitment avoids carbon dioxide emissions equal to taking about 60,000 cars off the road each year.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.