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PECO / Unicom Merger Settlement Agreement.pdf

PECO-merger-SDF-provisions-03-23-2000_V1.pdf

Preview of PECO / Unicom merger settlement agreement

🔗 Source: reinvestment.com

📊 Size: 102 KB

👤 Author: BONNEY_P

⬇️ Downloads: 201

Summary

PECO Energy Company has submitted an application to the Pennsylvania Public Utility Commission for approval of a corporate restructuring plan, including the creation of a holding company and a merger with Unicom Corporation. As part of the joint petition for settlement, PECO has agreed to fund various environmental initiatives, including:
- A $4 million, four-year photovoltaic project to install rooftop units with a capacity of 1.0-5 kW, with a minimum number of units to be installed each year.
- $12 million in payments to the Sustainable Development Fund to develop new wind facilities in Pennsylvania.
- $2.5 million over five years to fund consumer education on electricity from renewable sources.
- A lump sum payment of $9.98 million to the Sustainable Development Fund to accelerate annual payments.
The joint petitioners argue that the settlement is in the public interest, as it promotes the use of renewable energy sources and benefits the environment.

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Description

PECO Energy Company has submitted an application to the Pennsylvania Public Utility Commission for approval of a corporate restructuring plan, including the...

Technical Information

File Format: PDF
File Size: 102 KB
Pages: 4
Language: EN
Author: BONNEY_P
Total Downloads: 201
Last Updated: 4 weeks ago

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