PECO Develops Additional Programs to Help Customers Save Energy and Money

  PECO Develops Additional Programs to Help Customers Save Energy and Money

  Company files plan with PA PUC for seven new programs for residential and
       business customers and the continuation of six existing programs

Business Wire

PHILADELPHIA -- November 14, 2012

As part of the company’s overall efforts to help customers save energy and
money, on November 1 PECO filed a plan with the Pennsylvania Public Utility
Commission for enhanced PECO Smart Ideas energy efficiency programs for
residential and business customers. Following PUC review and approval the new
programs would be available beginning in June, 2013.

Since its launch in October 2009, more than 400,000 customers have
participated in PECO Smart Ideas – making the program one of the most
successful utility-run energy efficiency and demand response programs in the
Pennsylvania. Through their participation customers have reduced energy use by
more than 1.135 million megawatt hours (MWh) – saving more than $163 million
in annual energy costs and receiving more than $84 million in rebates and
incentives.

“Our customers depend on us to find new and innovative ways to help them
manage their energy costs,” said Liz Murphy, vice president of Governmental
and External Affairs. “And, the best way for our customers to reduce their
energy costs is to control how they use energy – saving energy means saving
money. We are thrilled with the response by our customers to PECO Smart Ideas,
and look forward to adding these exciting new programs to our energy
efficiency portfolio.”

Included in PECO’s filing are seven new programs for residential and business
customers as well as the continuation of six existing programs. Specifically:

RESIDENTIAL PROGRAMS

  *PECO Smart Home Rebates – Provides rebates for eligible HVAC equipment and
    appliances, and retail discounts on eligible CFL and LED bulbs
  *PECO Smart Appliance Recycling – Includes a customer rebate and free pick
    up and recycling of eligible older, working refrigerators and freezers
  *PECO Smart House Call – Provides home energy audits for electric heat
    customers, and home energy assessments for non electric heat customers.
    Limited additional energy efficiency improvements also are completed free
    of charge
  *PECO Smart Builder Rebates – Includes builder rebates for new construction
    of electric heated homes that meet the Energy Star Homes Certification
  *PECO Smart Usage Profile – Free comparative energy usage reports for high
    use customers to help identify ways to reduce energy costs
  *PECO Smart Energy Saver – An innovative in school education program for
    grades 5-7
  *Low Income Energy Efficiency (LEEP) – Provides a free home weatherization
    audit, free CFL bulbs and energy efficient refrigerator upgrade for
    qualified low income customers

BUSINESS PROGRAMS

  *PECO Smart Equipment Incentives (C&I) – Provides incentives to all
    commercial and industrial customers who install high efficiency electric
    equipment
  *PECO Smart Equipment Incentives (GINP) – Provides technical assistance and
    incentives to all government, institutional and non-profit customers who
    install high efficiency electric equipment
  *PECO Smart Construction Incentives – Includes incentives for new
    construction and major facility renovation for commercial, industrial,
    government, institutional and non-profit customers
  *PECO Smart Business Solutions – Provides energy assessments and energy
    efficiency measures for small business customers using less than 100
    kilowatts of electricity a month
  *PECO Smart Multi-family Solutions – Provides select energy efficiency
    measures and incentives for additional work for multi-family building
    owners and tenants
  *PECO Smart On-Site – Includes incentives for customers installing combined
    heat and power technology

The programs are part of the company’s ongoing support of Pennsylvania Act 129
and specifically the second phase of Act 129 energy efficiency and
conservation targets. Phase two of Act 129 requires Pennsylvania utilities to
develop programs to help customers reduce energy use. PECO’s proposed programs
would help customers reduce energy use by 2.9 percent – or 1,125,852 MWh by
May 31, 2016. The company’s filing is expected to be reviewed by the
Pennsylvania Public Utility Commission by February 28, 2013. To view PECO’s
filing visit www.peco.com. To learn more visit www.peco.com/SmartIdeas or call
888-5-PECO-SAVE.

Based in Philadelphia, PECO is an electric and natural gas utility subsidiary
of Exelon Corporation (NYSE: EXC). PECO serves 1.6 million electric and
494,000 natural gas customers in southeastern Pennsylvania and employs about
2,400 people in the region. PECO delivered 82.1 billion cubic feet of natural
gas and 38.1 billion kilowatt-hours of electricity in 2011. 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.

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

Contact:

PECO
Cathy Engel Menendez
215-841-4492 or 215-841-5555
catherine.engel@peco-energy.com
 
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