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 $429 million for its electric investments and an additional $81 million for its 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 553,000 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.
- 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.
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 $14.5 or 4 percent increase per month.
PECO recognizes that energy costs are a real concern for customers, which is why the company is focused on balancing reliable service with keeping bills as low as possible. As part of this effort, PECO is proposing two rate tools that would spread certain costs over time to help reduce the impact on customer bills. Together, these rate tools are expected to lower bills over six years and deliver approximately $300 million in customer savings, including $88 million in 2027.
We understand the impact that the proposed rate adjustments will have on our customers. PECO has the most robust billing and financial assistance programs in the state to help customers who may be struggling to manage their energy bills. For more information about financial assistance programs, customers can visit www.peco.com/Help.
To learn more about our filings visit peco.com/Rates or call 1-800-494-4000.