PECO customers to benefit from robust system investments, enhanced
customer service options and continued support for low-income programs
PECO today filed a settlement petition with the Pennsylvania Public
Utility Commission (PUC) announcing that agreements have been reached
with all interested groups on changes to electric delivery rates
beginning January 1, 2016.
“With this funding we will continue to ensure safe and reliable electric
service and develop new helpful programs and services for our
customers,” said Craig Adams, PECO president and CEO. “We appreciate the
hard work and cooperation of all involved as we worked together on this
Based on this settlement, overall energy delivery rates would increase
less than 4 percent beginning January 1, 2016. Specifically, the total
monthly bill for a typical residential electric customer using about 700
kilowatt hours of electricity would increase $4.17. Bills for a typical
small business customer would increase by about $17.02 per month, and
monthly bills for a typical large customer would increase by $432.32.
The settlement and rate request must be approved by the PUC.
The settlement reflects a $127 million overall increase in electric
delivery rates, allowing PECO to continue to invest in ongoing system
work, including replacing equipment and upgrading infrastructure. The
increase also will allow the company to enhance customer service options
and provide support for low-income customers.
PECO is committed to helping customers offset the impact of this
increase by continuing to offer programs that help save energy and
money. By participating in PECO Smart Ideas, the company’s suite of
energy efficiency programs, customers can save:
Up to 20 percent on their energy bills by taking advantage of PECO
Smart House Call. PECO will send an energy advisor to your home,
provide a personal energy assessment and offer energy-efficient
upgrades on the spot.
Up to $150 a year by getting rid of extra working refrigerators and
freezers. With PECO Smart Appliance Recycling we will pick up older
working refrigerators and freezers, recycle them, and pay customers
Up to 25 percent of the energy used for lighting by purchasing deeply
discounted LED and CFL lights at hundreds of local stores through PECO
Smart Lighting Discounts.
7 percent on the electricity they use by purchasing their electricity
from any of the competitive electric generation suppliers
participating in PECO Smart Energy Choice.
To find more ways to save energy and money visit peco.com/SmartIdeas.
PECO also offers payment options, like budget billing, to help customers
manage their monthly electricity bills. Budget billing makes short-term
fluctuation in monthly bills much easier to handle by dividing annual
energy costs evenly throughout the year.
Many programs also are available to help low-income customers who are
struggling to pay their energy bills. Through our Universal Services
programs, we assist more than 150,000 low-income customers each year
with reduced rates, free energy-efficiency improvements and Low Income
Home Energy Assistance Program (LIHEAP) funding. To learn more about
these programs visit peco.com/help.
To learn more about our filings visit peco.com/rates
or call 1-800-494-4000.
Based in Philadelphia, PECO is an electric and natural gas utility
subsidiary of Exelon Corporation (NYSE: EXC). PECO serves 1.6
million electric and more than 506,000 natural gas customers in
southeastern Pennsylvania and employs about 2,400 people in the region.
PECO delivered 89.9 billion cubic feet of natural gas and 37.5
billion kilowatt-hours of electricity in 2014. Founded in 1881,
PECO is one of the Greater Philadelphia Region's most active corporate
citizens, providing leadership, volunteer and financial support to
numerous arts and culture, education, environmental, economic
development and community programs and organizations. For more
information visit PECO.com,
and connect with the company on Facebook
If you are a member of the media and would like to receive PECO news
releases via e-mail please send your e-mail address to PECO.Communication@exeloncorp.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20150910006693/en/
Copyright Business Wire 2015
Source: Business Wire
(September 10, 2015 - 3:30 PM EDT)
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