Summary
This 8-K filing from Exelon Corporation, specifically concerning its subsidiary PECO Energy Company, announces PECO's request to the Pennsylvania Public Utility Commission (PAPUC) for significant increases in electric and natural gas delivery rates. These rate requests, filed on March 31, 2010, are substantial and represent the first electric delivery rate increase request since 1989 and only the second natural gas request in 23 years. The proposed annual increases aim to bolster PECO's ability to meet customer demand and ensure the continued safe and reliable delivery of essential energy services.
Key Highlights
- 1PECO Energy Company (a subsidiary of Exelon) has filed for electric and natural gas delivery rate increases with the Pennsylvania Public Utility Commission (PAPUC).
- 2The requested annual increases are $316 million for electric delivery revenues and $44 million for natural gas delivery revenues.
- 3This is PECO's first electric delivery rate increase request since 1989 and only its second natural gas delivery rate request in 23 years.
- 4The requested increases are intended to fund continued service reliability and meet customer demand.
- 5The delivery charge, a portion of the customer's bill covering PECO's delivery costs, is expected to increase by approximately 6.94% for electricity and 5.28% for natural gas.
- 6The filing includes a press release and presentation slides summarizing the details of the rate cases as exhibits.