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May 22, 2015 9:27 PM ET

Electric Utilities

Company Overview of PECO Energy Company

Company Overview

PECO Energy Company, a public utility, engages in the purchase and regulated retail sale of electricity, and the provision of transmission and distribution services to retail customers in southeastern Pennsylvania. It is also involved in the purchase and regulated retail sale of natural gas, and the provision of distribution services to retail customers in the Pennsylvania counties surrounding the Philadelphia city. The company provides electricity to approximately 1.6 million customers and natural gas to approximately 506,000 customers. Its electric distribution system comprises 12,989 circuit miles of overhead lines and 8,948 circuit miles of underground lines. The company was incorporated...

2301 Market Street

Philadelphia, PA 19103

United States

Founded in 1929

2,458 Employees

Phone:

215-841-4000

Key Executives for PECO Energy Company

Chief Executive Officer, President and Director
Age: 61
Chief Financial Officer, Senior Vice President and Treasurer
Age: 50
Chief Operations Officer and Senior Vice President
Age: 48
Chief Executive Officer of Exelon Generation Company LLC and President of Exelon Generation Company LLC
Age: 48
Chief Executive Officer of Commonwealth Edison Company, President of Commonwealth Edison Company and Director of Commonwealth Edison Company
Age: 55
Compensation as of Fiscal Year 2014.

PECO Energy Company Key Developments

PECO to Invest $36 Million in Vegetation Management Work

PECO announced that it is investing $1.3 million in vegetation management, along 281 miles of aerial electric lines, to improve electric service for more than 83,000 customers in northeastern Philadelphia County. As part of this work, PECO will invest about $36 million in vegetation management work around approximately 2,800 miles of aerial electric lines in 2015.

PECO Energy Company Requests Pennsylvania Public Utility Commission for the Approval of Additional Work

PECO Energy Company requested Pennsylvania Public Utility Commission (PUC) approval of additional work to modernize and weatherize the local electric infrastructure through its System 2020 plan, and increase the rates charged to customers for the delivery of electricity. The electric delivery rate request will help fund at least $300 million of ongoing system work each year, including replacing equipment and upgrading infrastructure to continue to provide safe and reliable service to customers. In addition, through the new System 2020 plan, an additional $275 million will be spent during the next five years to install advanced equipment and reinforce the local electric system, making it more weather resistant and less vulnerable to storm damage.

PECO Invests $2.4 Million in Tree Trimming to Keep the Lights on for 45,000 Customers in Montgomery and Philadelphia Counties

PECO is investing $2.4 million in vegetation management along 291 miles of aerial electric lines to improve electric service for about 45,000 customers in southeastern Montgomery County and northeastern Philadelphia County. Work began in January and will be completed by the end of May 2015. Specifically, work is occurring in Abington, Cheltenham, Lower Moreland and Springfield townships; the boroughs of Jenkintown and Rockledge; and the City of Philadelphia. Each year, PECO invests approximately $500 million to enhance its electric infrastructure, including preventive maintenance and equipment upgrades. As part of this work, in 2015 PECO will invest about $36 million in vegetation management work around approximately 2,800 miles of aerial electric lines. PECO's vegetation management crews are trained in arboricultural techniques as defined in the American National Standards Institute (ANSI) A300 Standard. This standard takes into account the type and location of the tree, its relation to overhead equipment and overall health of the tree. Customers are notified before work begins in their area.

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