FOR IMMEDIATE RELEASE
Contact:
Candice Womer | PECO.Media@exeloncorp.com | 215-841-5555
PECO, 2301 Market Street, Philadelphia, PA 19103
Keeping Customer Safety, Service Reliability, and Value at the Forefront: PECO Files Request to Fund Long-Term Plan to Deliver the Level of Service Customers Expect
Company files proposal to invest in a stronger energy system and increase support for
customers, while keeping bills as low as possible
PHILADELPHIA (March 30, 2026) – With a commitment to improving the safety and
reliability of the company’s service, while keeping bills as low as possible, PECO today
submitted two regulatory rate review requests to the Pennsylvania Public Utility
Commission. The requests seek funding for the company’s long-term investment in its
local electric and natural gas infrastructure and to expand support programs and
advance the services and experience for its customers. PECO’s long-term plan includes
investments that are critical to meeting the increasing energy needs of customers,
expand services and programs like energy assistance, enable EV adoption, solar, and
other distributed energy resource interconnection, and to deliver the level of service
customers expect while also preparing the grid to support growth from large load users,
including data centers.
The request, which was submitted as two filings, is part of PECO’s increased efforts to
deliver safe and reliable energy service to its 1.7 million electric and more than 553,000
natural gas customers and to enable economic and job growth across the region. The
proposed investments will enable PECO to further improve service reliability, increase
electric grid resiliency, and reduce the impacts of severe weather, modernize aging
natural gas infrastructure, expand programs to support customers who may be
struggling financially, and help customers embrace cleaner and more efficient energy
options.
As part of the request, PECO would recover an additional $429 million for its electric
investments. The company also would recover an additional $81 million for its natural
gas investments. PECO’s significant infrastructure investments — including nearly
$10 billion planned over the next five years — are helping ensure a more reliable
energy grid for customers when they need it most and meet growing energy demands.
Related to its natural gas system, the investment allows the company to accelerate
work to replace existing natural gas main and service lines with new plastic pipe, which
enhances safety, is more durable, improves service, and reduces methane emissions.“We understand that any increase in costs is difficult for families and businesses, and
we don’t take this request lightly,” said David Vahos, PECO president and CEO. “Our
customers deserve a system they can count on – especially as severe weather grows
more frequent. These investments will strengthen the grid, reduce outages, and ensure
we’re delivering the safe, reliable service our customers expect every day.”
The proposal requests funding to:
• Maintain and enhance the safety and reliability of PECO’s electric and natural
gas systems and help ensure the company can continue to meet the growing
demand for energy in southeastern Pennsylvania.
o PECO’s infrastructure investments translate into real, on‑the‑ground
improvements in safety, reliability, and service for customers across the
region:
▪ Upper Darby, PA: PECO invested an estimated $66 million to
upgrade electric infrastructure in Upper Darby, helping deliver more
reliable power to approximately 7,690 customers across Delaware
County.
▪ Philadelphia: A $56 million investment in a new substation in the
Overbrook section of Philadelphia is helping ensure more
dependable electric service for approximately 17,200 customers
across Philadelphia and Montgomery Counties.
▪ Center City Philadelphia: A $52 million investment to retire the
Mall and Lombard substations modernized the electric system and
supported more reliable service for approximately 2,900 customers
in Center City.
▪ Marple Township: A new natural gas reliability station is enhancing
the safety and reliability of natural gas service for customers across
Delaware County.
▪ Natural Gas Neighborhood Pilot Program: Through this program,
PECO has completed more than 260 neighborhood‑level projects,
expanding natural gas service and providing reliable energy to over
2,000 new customers.
• Expand support for low-income customers, including extending the reach and
impact of energy assistance programs that help the region’s most vulnerable
households.
• Further enable the grid to accommodate the expanding digital and electrified
world; including EVs, solar interconnection, battery storage, microgrids, data-
center growth and other technologies that will help meet customers’ evolving
energy needs and expectations.
“We recognize that energy costs are a concern, which is why we need to strike a
balance in ensuring reliable service, while keeping costs as low as possible,” continued
Vahos. “That’s why we’re proposing two rate tools designed to spread certain costs over
time, helping to reduce customer bills.”These proposed mechanisms would reduce bills over six years and deliver nearly $300
million in customer savings, including $88 million in 2027.
As families and small businesses across southeastern Pennsylvania face higher energy
bills, PECO remains focused on helping customers today while working on long‑term
solutions to control costs. PECO has one of the most robust billing and financial
assistance programs in the state to help customers who may be struggling to manage
their energy bills. The company offers additional programs that can help customers pay
down outstanding balances through grants from community partners and agencies.
Income-qualified programs are also available to help customers with bill credits, energy
efficiency, and referrals for additional services. For more information about financial
assistance programs, customers can visit peco.com/Help.
Through The Exelon Promise, PECO recently expanded its Customer Relief Fund to
offer a one-time $750 grant to eligible customers. The $2.5 million expansion increases
total assistance provided through the fund to $12.5 million over the past year and has
already helped more than 9,000 customers manage their energy bills. Customers can
apply at peco.com/Relief.
PECO’s infrastructure projects are important to the local economy and play a key role in
the company’s efforts to be a partner in Pennsylvania’s sustained economic
development. Investments in energy infrastructure improve service for customers while
also driving economic development and job creation in the local economy.
Based on the current proposal, a typical PECO residential electric customer would see a
monthly bill increase of $20.08 or 12.5 percent per month, which will be partially offset by
$2.30 per month or 1.3 percent in April 2027 as a result of two proposed cost-recovery
rate tools. A typical residential natural gas customer would see a $14.52 or 11.4 percent
increase per month.
If approved, the newly proposed rates would take effect on January 1, 2027.
To learn more about the filings visit peco.com/Rates or call 1-800-494-4000.
Media can access supporting assets, including fact sheets here.
# # #
PECO, founded in 1881, is Pennsylvania’s largest electric and natural gas delivery company.
Headquartered in Philadelphia, PECO delivers energy to nearly 1.7 million electric customers and more
than 553,000 natural gas customers in southeastern Pennsylvania. The company’s 3,000 employees are
dedicated to the safe and reliable delivery of electricity and natural gas as well as enhanced energy
management conservation, environmental stewardship, and community assistance. PECO is a subsidiary
of Exelon Corporation (Nasdaq: EXC), a Fortune 200 company and one of the nation’s largest energy
delivery companies, serving more than 10.7 million customers through six fully regulated transmission
and distribution utilities. For more information visit PECO.com, our PECOConnection content hub, and
connect with the company on Facebook, X, and Instagram.
