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March 06, 2015 7:28 PM ET

Electric Utilities

Company Overview of PECO Energy Company

Company Overview

PECO Energy Company, a public utility, is engaged 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 501,000 customers. Its electric distribution system comprises 12,989 circuit miles of overhead lines and 8,915 circuit miles of underground lines. The company was incorpora...

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 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.

PECO Invests $2.2 Million in Tree Trimming to Keep the Lights on for 23,000 Delaware County Customers

PECO is investing $2.2 million in vegetation management along 288 miles of aerial electric lines to improve electric service for about 23,000 customers in Delaware County. Work began in January and will be completed by the end of March. Specifically, work is occurring in Concord, Edgmont, Marple, Middletown, Nether Providence, Newtown, Thornbury, Upper Providence and Willistown townships, and in the boroughs of Brookhaven, Chester Heights, Media and Rose Valley. 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 Energy Company Reports Unaudited Earnings Results for the Third Quarter Ended September 30, 2014

PECO Energy Company reported unaudited earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported GAAP net income of $81 million compared with $92 million in the third quarter of 2013. Adjusted (non-GAAP) operating earnings were $81 million compared with $93 million in the third quarter of 2013. Company’s adjusted (non-GAAP) operating earnings in the third quarter of 2014 decreased $12 million from the same quarter in 2013, primarily due to increased storm costs and unfavorable weather conditions.

Similar Private Companies By Industry

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