Summary
This 8-K filing from Exelon Corporation reports on a significant event concerning its subsidiary, PECO Energy Company (PECO). On March 31, 2008, PECO filed a petition with the Pennsylvania Public Utility Commission (PAPUC) seeking an increase in its delivery service revenue by $98.3 million. The primary purpose of this requested increase is to fund critical infrastructure improvements aimed at enhancing the safety and reliability of PECO's natural gas delivery system. The filing also highlights that a portion of the requested funds will be allocated to support programs for low-income customers and to implement energy efficiency enhancements. The potential impact on customers is noted, with an estimated average monthly residential bill increase of approximately $12.79, representing a 10.8 percent rise from the current $118 average, should the PAPUC approve the petition.
Key Highlights
- 1PECO Energy Company (PECO), a subsidiary of Exelon, filed a petition with the Pennsylvania Public Utility Commission (PAPUC) on March 31, 2008.
- 2The petition requests a $98.3 million increase in PECO's delivery service revenue.
- 3The primary objective is to fund critical infrastructure improvements for the natural gas delivery system, focusing on safety and reliability.
- 4Additional funds are earmarked for programs benefiting low-income customers.
- 5Energy efficiency enhancements are also part of the proposed funding allocation.
- 6If approved, the average monthly residential bill is estimated to increase by approximately $12.79 (10.8%).