ALLENTOWN - PPL Electric Utilities announced a new economic development initiative to reward companies that go green when renovating or building new commercial or industrial facilities.

The company is offering grants of up to $5,000 to defer the costs of seeking certification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design program.

In addition, the company is offering a $5,000 bonus to buildings that achieve the program’s “Gold” rating. Gold is the second highest of four LEED ratings that recognize environmental stewardship in building design and construction.

“By thinking ‘green’ in building design and renovation, companies can save energy, conserve natural resources, help protect the environment and make their buildings better places to work,” said David G. DeCampli, president of PPL Electric Utilities.

“By seeking LEED recognition, companies can demonstrate their commitment to the environment and the communities they call home,” he said.

LEED-certified buildings typically use 25 to 30 percent less energy than their traditional counterparts. Savings can be even higher for buildings with LEED’s Gold and Platinum ratings. Among their features, LEED-certified buildings include energy-efficient lighting, heating and cooling systems; incorporate recycled materials in the building design; use less water; and reduce greenhouse gas emissions.

PPL Electric Utilities has pledged up to $150,000 in support for the LEED initiative. Companies in PPL Electric Utilities’ service territory can receive up to $5,000 reimbursement in 2008 for LEED registration fees, and for design, construction and initial certification review fees.

For detailed information and an application, click here.