As part of the Exelon family of companies, Atlantic City Electric joined Exelon's ongoing commitment to protect the environment and take action to address climate change, when, in 2018, Exelon announced a goal to reduce greenhouse gas (GHG) emissions from its internal operations by 15 percent by 2022. This marked the third in a series of GHG commitments Exelon has undertaken, with the first two programs resulting in the avoidance of more than 67.8 million metric tons of GHG emissions -- the equivalent of taking 14.5 million vehicles off the road for a year.
In 2021, Exelon announced a new goal targeting a reduction in greenhouse gas emissions of at least 50 percent below 2015 levels by 2030, and net zero emissions by 2050. Atlantic City Electric is on track to meet this GHG reduction target and is doing so by activities such as minimizing losses of SF6 from gas-insulated electrical equipment, investing in vehicle electrification and improving the energy efficiency of our buildings and other facilities.
In 2019, the Exelon Foundation, the company's nonprofit philanthropic organization, launched the Climate Change Investment Initiative, or 2c2i, to provide $20 million in direct monetary and in-kind support over 10 years to develop new technologies to mitigate GHG emissions and build resiliency to the impact of climate change within the areas served by Exelon's utility companies, including Atlantic City Electric.
Atlantic City Electric recently received approval of our
Smart Energy Network,
Transportation Electrification Program and
Energy Efficiency Program, three major initiatives to help advance a clean energy future and further enhance reliability and resiliency for customers.
At Atlantic City Electric, we are working to align our operations, grid investments, and customer product offerings and services with New Jersey's climate change and clean energy goals. This means:
Scientific studies demonstrate that in order to drive GHG emissions down to the level necessary to avoid the worst impacts of climate change, actions must be taken to decarbonize all sectors of the economy. This includes increasing the energy efficiency of the built environment, rapidly driving down GHG emissions in the electric generation sector and using this clean electricity to power as much of the economy as possible – including transportation.
Atlantic City Electric's climate and clean energy strategy is aligned around these pillars of decarbonization, while advancing efficiency, resilience, equity and innovation.
As an electric distribution company, Atlantic City Electric does not own power plants to serve customers. Instead, in accordance with the policies of the New Jersey, Atlantic City Electric purchases electricity on behalf of its customers from wholesale electricity providers. The electricity the company purchases meets the renewable energy goals and guidelines as established by the State of New Jersey, including those as established in the
New Jersey Energy Master Plan, which the company supported, and means that 50% of the electricity delivered to customers in Southern New Jersey will come from eligible renewable energy sources by 2030, with 100% of the electricity from clean energy sources by 2050.
And, while Atlantic City Electric does not own power plants, we know as a major employer and a company with a significant operational footprint and community presence we have a responsibility to take action
That is why we have developed a plan that is:
As part of Pepco Holdings, we're also developing similar commitments for our sister companies Delmarva Power and Pepco.
Return to Atlantic City Climate Action