PECO Energy
PECO Energy Company is a regulated electric and natural gas utility serving approximately 1.7 million electric customers and 540,000 natural gas customers in southeastern Pennsylvania, including the Philadelphia metropolitan area and surrounding counties. A wholly owned subsidiary of Exelon Corporation (NASDAQ: EXC), the nation's largest regulated utility holding company, PECO operates under the oversight of the Pennsylvania Public Utility Commission, which regulates the rates, terms, and service standards applicable to PECO's electric and gas distribution operations. According to its website at peco.com, PECO is committed to delivering safe, reliable, and affordable energy to the communities of southeastern Pennsylvania while investing in the modern grid infrastructure, clean energy, and energy efficiency programs that support Pennsylvania's clean energy goals.
PECO's operations, described at peco.com, encompass electric distribution serving customers across a five-county service territory including Philadelphia, Delaware, Chester, Montgomery, and Bucks counties — the heart of one of the nation's largest and most economically significant metropolitan areas — alongside natural gas distribution serving customers in the same geographic region. The utility's capital investment program focuses on upgrading aging infrastructure, deploying advanced metering infrastructure for smart metering capabilities, expanding EV charging infrastructure, and implementing storm hardening and resilience improvements that reduce outage frequency and duration for customers across PECO's densely populated southeastern Pennsylvania service territory. PECO's significant base of urban and suburban customers requires investment in both the robustness and capacity of its distribution system to reliably serve the intense demand of a major metropolitan region.
PECO's affiliation with Exelon Corporation provides it with the operational expertise, technology resources, and financial strength of the nation's largest regulated utility operator, which serves approximately 10 million electric and gas customers across Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington D.C. According to peco.com, PECO benefits from Exelon's scale in supply chain, technology deployment, and regulatory affairs while maintaining its local focus on serving the energy needs of southeastern Pennsylvania's diverse residential, commercial, and industrial customer base. PECO's combination of Philadelphia metropolitan area utility franchise, natural gas and electric service, significant infrastructure investment program, constructive Pennsylvania regulatory relationship, and Exelon affiliation makes it a major participant in the Pennsylvania energy market and the broader Mid-Atlantic utility sector.