PECO recently received approval from the Pennsylvania Public Utility Commission (PUC) to purchase up to 80,000 solar alternative energy credits, the equivalent of 6-megawatts, during 10 years. Enough energy to power nearly 1,000 homes for 10 years, it would take about eight football fields of solar panels to produce this energy. Once complete, the company's purchases could result in the same environmental benefit as planting more than 48,000 acres of trees or not driving more than 133 million miles.

Through a competitive Request for Proposal (RFP) process, PECO will enter into fixed-price agreements with winning bidders to purchase up to a total of 8,000 credits per year for 10 years. PECO expects to enter into the agreements by February 2010, for delivery beginning immediately for existing projects or up to a year for projects under development.

PECO has scheduled a bidder teleconference for Oct. 22 to outline the details of the RFP process and the terms of the agreements. Interested participants who wish to learn more about the bidding process must send an e-mail to AEPS_RFP@peco-energy.com with the subject line ˜AEC Bidder Teleconference' in order to obtain information on how to participate in this procurement. PECO will release information on the RFP process to interested parties as it becomes available.Additional AEPS RFP information is available online at www.peco.com/aeps.

PECO has retained Navigant Consulting to serve as the independent RFP monitor. The monitor will oversee PECO's bidder evaluation process, evaluate bid proposals, and report to the Pennsylvania Public Utility Commission (PUC) on the results of the RFP process.

The AEPS legislation requires that by 2011, 3.5 percent of the energy consumed by PECO customers be provided through renewable resources such as solar, wind, low-impact hydro, methane, geothermal, biomass or fuel cells.