WASHINGTON, July 24, 2003 — Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc. and a provider of renewable electricity initiatives in the mid-Atlantic region, has announced the largest single retail sale of wind power in the region.
Pepco Energy Services will supply an aggregation of New Jersey state agencies with “Green-E” certified wind-generated electricity from Community Energy, Inc. of Wayne, Pa.
Pepco Energy Services, under a 33-month contract, will supply more than 24 megawatts of electricity, 12 megawatts of which will consist of NewWind Energyà¢â€ž- purchased from Community Energy and produced by wind farms located in the mid-Atlantic region. More than 90 percent of the wind power will come from Community Energy’s new Bear Creek wind farm near Wilkes-Barre, Pa, less than 60 miles from northern New Jersey.
The renewable energy will supply 180 New Jersey accounts beginning this month. These include Rutgers University, New Jersey Highway Administration, New Jersey Transit and the New Jersey Turnpike Authority. The public agencies joined together for the purpose of creating one electricity contract to obtain the lowest cost Green-E certified electricity. In addition, the agencies wanted to meet the 10-percent environmentally friendly green power goal established by New Jersey Gov. James E. McGreevey.
Pepco Energy Services’ winning bid contains wind energy supplied by Community Energy, as part of a new long-term agreement between the two companies signed in April 2003. Community Energy provides wind-generated electricity within the PJM Interconnection power pool. Wind energy is emissions-free and helps offset greenhouse gas emissions produced from burning fossil fuels in electricity production.
“Our partnership with Community Energy enables Pepco Energy Services to provide emissions-free wind power to our customers and furthers the development of additional wind energy facilities in PJM,” said Dr. Ed Mayberry, President and Chief Executive Officer of Pepco Energy Services. “We welcome this opportunity to do business with Community Energy and the State of New Jersey.”
Pepco Energy Services also supplies NewWind Energyà¢â€ž- to the U.S. General Services Administration, U.S. Department of Energy, U.S. Department of Agriculture, U.S. Department of Transportation, World Bank and the International Finance Corporation.
About Pepco Energy Services
Pepco Energy Services, Inc., a wholly owned subsidiary of Pepco Holdings, Inc., provides commercial, and government customers with comprehensive energy management solutions including electricity and natural gas; energy efficiency studies and retrofits; onsite generation; project financing; and energy operations and maintenance services. In 2002, Pepco Energy Services had revenues of more than $800 million from energy and energy-related services and has completed energy efficiency projects from North Carolina to Massachusetts. Visit http://www.pepcoenergy.com for more information.
Pepco Energy Services, Inc., is not the same company as Potomac Electric Power Company and prices and services of Pepco Energy Services, Inc. are not set by the Public Service Commission.
About Community Energy
Community Energy, Inc. (CEI) is a marketer/developer of wind-generated power in the market. CEI markets power from five of the seven wind farms in the mid-Atlantic, and two of three wind farms in New York. Marketing under the NewWind Energyà¢â€ž- brand, CEI partners with energy suppliers to offer a wind energy choice directly to retail electric customers. CEI is a for-profit corporation founded in 1999 with the support of environmental leaders and energy suppliers. CEI cites its retail customers, which include the largest purchasers of wind energy in the country, as the reason for its success in bringing wind energy to market in new regions of the country. CEI also has wind projects under development in New England, New Jersey, Illinois, and other states east of the Mississippi River.