We’re committed to providing our customers and the communities we serve with safe, reliable energy service. We are constantly exploring new ways to achieve this goal, and usher southeastern Pennsylvania into a cleaner energy future. To further this work, we have filed with the Pennsylvania Public Utility Commission our plans to recover an additional $464 million for electric investments, which would be offset by a $64 million credit in 2025. The company also would recover an additional $111 million for natural gas investments. These strategic investments are critical to meet the increasing energy needs of customers, expand services and programs, and provide the level of service customers have come to expect.
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 552,000 natural gas customers and to meet the region’s future energy needs.
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.
- 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 electric vehicles, solar interconnection, battery storage, and other technologies that will help meet customers’ evolving energy needs and expectations.
Based on the current proposal, a typical PECO residential electric customer would see a monthly bill increase of $16.67 per month or 12.3% per month in 2025, with an additional $2.70 or 1.8% increase in 2026. A typical residential natural gas customer would see a $16.15 per month, or 16.5% increase per month.
We understand the impact that the proposed rate adjustments will have on our customers. PECO has the highest customer assistance program participation in the state to help customers manage their energy bills. Income-qualified programs are available to help customers with past-due balance forgiveness, energy efficiency measures, hardship grants, and referrals for other services. The company also helps connect customers with programs that provide grant assistance for outstanding balances, like LIHEAP. For more information about assistance programs, customers can visit peco.com/help.
To learn more about our filings visit peco.com/rates or call 1-800-494-4000.