NEWS FROM WESTERN AREA POWER ADMINISTRATION
FOR IMMEDIATE RELEASE: August 17, 2007
MEDIA CONTACT: Randy Wilkerson, 720-962-7056, email@example.com
FEDERAL AGENCIES PURCHASE RENEWABLE ENERGY CERTIFICATES
LAKEWOOD, Colo.— Working with Western Area Power Administration, Los Alamos National Laboratories and the Rocky Mountain Oilfield Testing Center purchased renewable energy certificates to help meet renewable energy goals set by the Energy Policy Act of 2005.
Western contracted the purchase on behalf of the facilities through its Renewable Resources for Federal Agencies program. The program is a partnership with the Federal Energy Management Program established to help Federal agencies move toward the EPAct goals.
Element Markets LLC will supply RECs to Los Alamos totaling 12,000 MWh over three years. The oilfield testing center is making a one-time purchase of 2,667 MWh worth of RECs for FY2008. Element Markets will provide the certificates for that purchase as well. Western's Colorado River Storage Project—Management Center coordinated the purchase.
Renewable energy certificates, or "green tags," are the intangible environmental benefits associated with generating one megawatthour of electric energy by a renewable resource. Renewable energy producers can sell the credits, as well as the power itself, to offset the difference between the cost of the renewable power and power from fossil energy sources. Agencies that are not located near the source of renewable generation can buy RECs and claim the environmental benefits to meet their own or mandated goals.
For more about Western's renewable resources program, log on to Western's Green Tags Web site, www.wapa.gov/powerm/pmtags.htm.
Western Area Power Administration annually markets and transmits more than 10,000 megawatts of power from hydroelectric powerplants owned and operated by the Bureau of Reclamation and the U.S. Army Corps of Engineers in 15 western and central states. It is part of the Department of Energy.
Serving the West with Federal hydropower
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