Comcast Spectacor Secures Renewable Energy Supply for Wells Fargo Center
August 21, 2018
PHILADELPHIA – Comcast Spectacor, owner of the Wells Fargo Center arena and the National Hockey League’s Philadelphia Flyers, has reached a long-term agreement with Constellation that will introduce a 100 percent renewable energy supply to Philadelphia’s Wells Fargo Center. The renewable energy commitment occurs in conjunction with Comcast Spectacor’s expansive $250 million redesign of the venue. This agreement will completely power the facility with wind energy and will greatly reduce the arena’s carbon footprint.
“The Wells Fargo Center is in the midst of an extensive redesign that is transforming all aspects of the complex, and this renewable energy initiative plays an important role,” said Dave Scott, Chairman and CEO, Comcast Spectacor. “Through this agreement, we’re increasing the amount of renewable energy in the grid that powers the Wells Fargo Center’s robust live event schedule, and supporting Comcast NBCUniversal’s ongoing commitment to sustainable innovation.”
The power and renewable energy certificates (RECs) purchased from Constellation will help Comcast Spectacor prevent the emission of more than 14,000 metric tons of greenhouse gas annually and are expected to deliver an environmental benefit equivalent to removing almost 4,000 passenger vehicles from the road. The agreement reflects Comcast’s commitment to building a more resource-efficient company and reducing its environmental impact.
“Constellation congratulates Comcast Spectacor on their progress toward their aspirational sustainability goals,” said Mark Huston, President, Constellation’s National Retail Business. “We are committed to the development of clean energy solutions and are pleased that, through our CORe product, which is designed to increase access to renewable energy for Commercial and Industrial customers, and collaboration with Enel Green Power, we are able to help Comcast Spectacor sustainably power the Wells Fargo Center and contribute to development of the Hilltopper wind project.”
Constellation will supply the Wells Fargo Center with power from a 9 MW portion of the HillTopper wind project purchased under a separate long-term power purchase agreement with project owner Enel Green Power. HillTopper is located in Logan County, Ill., and is expected to enter into service by the end of 2018.
“As we envision a future with 100 percent renewable energy, projects like this are important in helping us get there,” said Susan Jin Davis, Chief Sustainability Officer, Comcast NBCUniversal. “And when we look at ways to reduce our carbon footprint, we know energy is one of our biggest areas of opportunity, so this is another great example of finding solutions to be more environmentally responsible.”
Comcast Spectacor’s clean, renewable energy initiative arrives in conjunction with the Wells Fargo Center’s ongoing $250 million redesign. The next chapter of work, to be completed by fall 2018, will feature an entirely new Mezzanine Level, which accommodates approximately 40 percent of the arena’s total capacity. Not a single aspect of the Mezzanine Level’s original layout will remain once this work is complete, as new design elements, points of sale and ease of service for patrons are upgraded throughout.
About Comcast Spectacor
Comcast Spectacor is a professional sports and live entertainment company that is part of Comcast Corporation, a global media and technology leader that operates Comcast Cable and NBCUniversal. Headquartered in Philadelphia, Comcast Spectacor owns and operates the Wells Fargo Center arena and complex, as well as a portfolio of professional sports teams that includes the National Hockey League’s Philadelphia Flyers, the Overwatch League’s Philadelphia Fusion, Overwatch Contenders’ Fusion University, the National Lacrosse League’s Philadelphia Wings and the Maine Mariners of the ECHL. Comcast Spectacor also holds strategic interest in several partner companies spanning the sports and entertainment landscape, including Spectra, Learfield, Xfinity Live! Philadelphia and N3rd Street Gamers. Visit us at ComcastSpectacor.com for more information.
Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation's family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's leading competitive energy provider, with 2018 revenues of approximately $36 billion, and more than 31,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.