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Seattle Launches REC Product for Businesses

September 2005 - Seattle Mayor Greg Nickels and Seattle City Light announced a new green power option for the city's nonresidential customers. Under the Green Up program, commercial and industrial customers can purchase renewable energy certificates (RECs) to "green up" a portion of their energy use. The RECs are available at a rate premium of 1.5¢/kWh and are supplied from the Stateline Wind Project in eastern Washington, and potentially other renewable energy projects. The utility offers a number of additional benefits to program participants, including advertising a list of participants in local business journals, in utility newsletters, and on the utility's Web site.

Unico, a real estate investment firm that operates a number of major commercial buildings in the Seattle area, helped the city launch the program by committing to purchase 3.2 million kWh of RECs, or the equivalent of 8% of the company's electric needs.

News Release - Mayor Nickels, Unico Work To Fight Global Warming: City Light's New Renewable Energy Program, Green Up, Will Help Reduce Climate Change



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