Aqua America, Inc. (NYSE: WTR) announced today that the volume of its green power purchases have qualified it for membership in the U.S. Environmental Protection Agency’s (EPA’s) Green Power Partnership. The company is now using nearly 13 million kilowatt-hours (kWh) of green power annually, which is enough green power to meet 4 percent of the organization’s electricity use and qualify it as a Green Power Partner.
Aqua America is buying Green-e Energy Certified renewable energy certificates (RECs) from Constellation, a competitive energy supplier, offering electricity, natural gas, solar and renewable energy products and services to homes and businesses across the U.S. and Canada. Aqua America’s green power purchase demonstrates a proactive choice to support cleaner renewable energy alternatives. The company’s green power purchases are primarily of wind energy.
“This is a great honor and we are proud to be recognized by the U.S. Environmental Protection Agency,” said Aqua America Chairman and CEO Nicholas DeBenedictis. “Our green power purchase is another step in our sustainability efforts. It helps affirm for other businesses across the U.S. that supporting clean sources of electricity is a sound business decision and an important choice in reducing climate risk.”
Green power is electricity that is generated from environmentally preferable renewable resources, such as wind, solar, geothermal, biogas, biomass, and low-impact hydro. Using green power accelerates the development of new renewable energy capacity nationwide and helps to reduce greenhouse gas emissions from the power sector.“EPA is excited to welcome Aqua America, Inc. as a Green Power Partner and applauds the company’s purchase of green power,” said Blaine Collison, Director of EPA’s Green Power Partnership. “Using renewable energy can be one of the most effective ways that a company can address its carbon footprint, and we encourage other organizations to follow Aqua America's lead.” According to the U.S. EPA, Aqua America's green power use of nearly 13 million kWh is equivalent to avoiding the carbon dioxide (CO 2) emissions of nearly 2,000 passenger vehicles per year, or the CO 2 emissions from the electricity use of more than 1,000 average American homes annually. Aqua America’s Green Power Partnership is the latest in a series of green announcements the company has made since last year. The company has solar power installations at four of its treatment facilities and recently announced its intention to transition much if its Pennsylvania vehicle fleet to compressed natural gas. One of its non-regulated subsidiaries has constructed a water pipeline to deliver water to shale gas drillers eliminating thousands of truck trips from rural roadways.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV