Thursday, October 09, 2008

Buying the wrapper, claiming the cheese

Philadelphia Electric and Gas Company, or PECO, has signed up to buy 240,000 MWh of wind energy credits over the next 5 years from a facility in Illinois owned by Spain's Iberdrola.

Note that it's only the "credits", not the actual energy, that they'll be buying.

Yet, despite no change in the energy mix in Pennsylvania, despite the obvious fact that the wind energy is used by and sold to others, most likely in Illinois, the "credits" will allow PECO to claim that it is providing that same energy to its customers, as required by state law.

It should come as no surprise to learn that Enron invented this scam.

wind power, wind energy, green tags, environment, environmentalism