Company Overview of PECO Energy Company
PECO Energy Company, an electric and natural gas 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. The company 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. As of December 31, 2016, its electric distribution system comprises 12,963 circuit miles of overhead lines and 9,290 circuit miles of underground lines. As of January 30, 2017, the company provided electricity to approximately 1.6 million customers and...
2301 Market Street
Philadelphia, PA 19103
Founded in 1881
Key Executives for PECO Energy Company
President, CEO & Director
Senior VP, CFO & Treasurer
Senior Vice President & COO
CEO of Exelon Generation Company LLC and President of Exelon Generation Company LLC
CEO, President & Director of Commonwealth Edison Co.
Compensation as of Fiscal Year 2017.
PECO Energy Company Key Developments
PECO Energy Company Presents at DistribuTECH 2018, Jan-23-2018 through Jan-25-2018
Jan 20 18
PECO Energy Company Presents at DistribuTECH 2018, Jan-23-2018 through Jan-25-2018. Venue: Henry B. Gonzalez Convention Center, San Antonio, Texas, United States. Presentation Date & Speakers: Jan-23-2018, Glenn Pritchard, Manager, Advanced Grid Operations & Technology. Jan-24-2018, Glenn Pritchard, Manager, Advanced Grid Operations & Technology.
PECO Energy Company Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
Nov 2 17
PECO Energy Company reported unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported operating revenues of USD 715 million against USD 788 million a year ago. Operating income was USD 169 million against USD 204 million a year ago. Income before income taxes was USD 140 million against USD 176 million a year ago. Net income attributable to common shareholders was USD 112 million against USD 122 million a year ago. Adjusted (non-GAAP) operating earnings were USD 114 million against USD 123 million a year ago.
For the nine months, the company reported operating revenues of USD 2,141 million against USD 2,293 million a year ago. Operating income was USD 498 million against USD 553 million a year ago. Income before income taxes was USD 411 million against USD 467 million a year ago. Net income attributable to common shareholders was USD 327 million against USD 346 million a year ago.
PECO Energy Sells $325 Million in Mortgage Bonds Due Sept. 15, 2047
Sep 14 17
PECO Energy Co. sold $325 million of its 3.70% first and refunding mortgage bonds due Sept. 15, 2047, for general corporate purposes and may temporarily invest the sale proceeds in short-term interest-bearing obligations. Interest is payable semiannually March 15 and Sept. 15, starting March 15, 2018.
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