PECO delivery rate increases Jan 2011

July 14, 2010

Some more information about prices and rates.

Beginning January 1, 2011, the prices PECO and our customers pay for electricity will be based on electric market pricing, after having been capped more than 10 years. Gas and electricity will cost customers more.

At the same time, the costs to operate our systems have been increasing. Because of these increased costs, PECO has requested Pennsylvania Public Utility Commission approval of its first electric delivery rate increase since 1989 and only the second natural gas delivery rate increase in 20 years. PECO is requesting an electric delivery rate increase of about 10 percent and a natural gas delivery rate increase of about 7 percent.

On May 20, 2010 the Pennsylvania Public Utility Commission formally suspended PECO’s request to increase electric and natural gas delivery rates. Part of the standard review process, PECO’s requested increases would have become effective on May 30 with no action by the PUC. The process now provides the opportunity to formalize a schedule of next steps including public hearings. Following these procedures, price changes will become effective beginning January 1, 2011.

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