Akron, Ohio, October 23, 2022 /PRNewswire/ — Energy Harbor Corp. today announced that CICERO Shades of Green (CICERO Green), a leading provider of independent, research-based assessments of green bond and sustainability finance frameworks, has completed a second-party opinion on Energy Harbor’s green initiative bond frame and issued a medium green shading on a scale of light, medium, and dark. CICERO Green’s rating aligns with the International Capital Markets’ Association Green Bond Principles.
Energy Harbor’s Green Bond Framework includes its $285 million Pollution Control Revenue Refunding Bonds, originally issued to finance the construction of air, water and waste control facilities at its nuclear power plants. CICERO Green’s Medium Green rating indicates projects included in the Energy Harbor $285 million portfolio represent important steps towards the long-term climate vision.
Earlier this year, Energy Harbor announced plans to become a 100% carbon-free infrastructure company by 2023. The creation and ranking of the Green Bond Framework reflects Energy Harbor’s commitment to the critical role technology plays nuclear energy in the creation of a carbon-free energy sector by 2035. and the fight against climate change.
“CICERO Green’s Medium Green rating is a first for Energy Harbor and reflects our focus on clean energy infrastructure that generates electricity without carbon emissions,” said Tanya RohauerSenior Vice President, Commercial Finance and Treasurer of Energy Harbor.
About Energy Harbor
Energy Harbor is a highly reliable, carbon-free baseload electricity provider committed to the environmental, social, and governance (ESG) principles essential to meeting the nation’s emissions goals and accelerating the nation’s clean energy transition. Our success is driven by our employees’ unwavering commitment to safe and reliable operations, financial stability and first-class service to meet the energy and sustainable needs of our customers.
For more information on Energy Harbor, visit www.energyharbor.com
Forward-Looking Statements and Additional Information
This press release contains “forward-looking statements”. All statements, other than statements of historical fact, that are included in this press release and that address activities, events or developments that Energy Harbor Corp. , by the use of words or phrases such as “intends”, “expects”, “will likely result”, “should”, “could” and “will continue”), are forward-looking statements. Although the Company believes that in making such forward-looking statements, its expectations are based on reasonable assumptions, such forward-looking statements involve uncertainties and are qualified in their entirety by reference to the discussion of risk factors under “Risk Factors”. available on the Investor’s website (as described below) and the following important factors, among others, which could cause the Company’s actual results to differ materially from those projected in such forward-looking statements: the shares and decisions of regulatory authorities; economic conditions and electricity pricing in the Company’s territories and markets; the Company’s ability to accomplish or achieve the expected benefits of the strategic and financial objectives; uncertainties associated with the decommissioning of production units based on the remaining raw materials, including the impact on supplier commitments, and with respect to the reliability of the transmission network, the timing thereof; the risks and uncertainties associated with litigation, arbitration, mediation and similar proceedings, including with respect to the timing and amounts of capital expenditures that may arise in connection with such proceedings; changes in customer demand for electricity; and weather conditions affecting sales, margins and future operations.
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SOURCE energy port