PECO, formerly the Philadelphia Electric Company, is an energy company founded in 1881 and incorporated in 1929. It became part of

Exelon Corporation Exelon Corporation is an American public utility headquartered in Chicago, and incorporated in Pennsylvania. Exelon is the largest electric parent company in the United States by revenue and is the largest regulated electric utility in the Uni ...

in 2000 when it merged with

Commonwealth Edison Commonwealth Edison, commonly known by syllabic abbreviation as ComEd, is the largest electric utility in Illinois, and the primary electric provider in Chicago and much of Northern Illinois. Its service territory stretches roughly from Iroquoi ...

's holding company

Unicom Corp Unicom Corporation was an American energy holding company formed in 1994 from Commonwealth Edison after executives considered a corporate image makeover. The holding company merged with PECO Energy Company on October 23, 2000 to form Exelon ...

. The company has approximately 2,300 employees; its

call center A call centre (English in the Commonwealth of Nations, Commonwealth spelling) or call center (American English, American spelling; American and British English spelling differences#-re, -er, see spelling differences) is a managed capability th ...

and

field craft Fieldcraft comprises the techniques and methods involved in living, traveling, or making military or scientific observations in the field. The term "fieldcraft" is used in a broad range of industries including military, oil and gas, wildlife and ...

personnel are members of

IBEW The International Brotherhood of Electrical Workers (IBEW) is a labor union that represents approximately 820,000 workers and retirees in the electrical industry in the United States, Canada, Guam, Panama, Puerto Rico, and the US Virgin Islands; i ...

Local 614. PECO serves about 1.6 million electric and over 511,000

natural gas Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...

customers; it is the largest combination utility in

Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...

, and has a franchise utility service area of with a population of 3.8 million people.

Electricity and natural gas

PECO operates in southeastern

and provides electricity to about 1.6 million customers and natural gas to over 511,000 customers. The company's electric service area covers all of the city of

Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...

and Delaware County; most of Bucks,

Chester Chester is a cathedral city in Cheshire, England, on the River Dee, Wales, River Dee, close to the England–Wales border. With a built-up area population of 92,760 in 2021, it is the most populous settlement in the borough of Cheshire West an ...

, and Montgomery counties; and the southeastern corner of York County. The company's natural gas service area covers all of Delaware County; most of Bucks, Chester, and Montgomery counties; and a small portion of eastern Lancaster County. PECO formerly provided electricity to 35,000 customers in portions of

Cecil Cecil may refer to: People with the name * Cecil (given name), a given name (including a list of people and fictional characters with the name) * Cecil (surname), a surname (including a list of people with the name) Places Canada * Cecil, Alberta ...

and Harford counties in

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

through subsidiary Conowingo Power Company. On June 19, 1995,

Delmarva Power Delmarva Power is an energy company that provides electricity and natural gas to customers on portions of the Delmarva Peninsula in the states of Delaware and Maryland. The company is a subsidiary of Exelon. Electricity and natural gas Delmarva P ...

acquired the Conowingo Power Company service area from PECO. PECO's distribution line voltages are 2,400/4,160 volts wye and 7,620/13,200 volts wye. Subtransmission voltages are 34,500 volts and 69,000 volts. Transmission line voltages are 138,000 volts, 230,000 volts and 500,000 volts. The company is a member of the PJM Interconnection. PECO's peak electric load occurred on July 22, 2011 and was 8,983 megawatts (MWs) and its highest peak load in the winter season occurred on December 20, 2004 and was 6,838 MW. Residential electric usage makes up about 35 percent of PECO's total electric delivery and half of the annual electric revenue. PECO's electric sales tend to peak in the summer and winter seasons, driven by

air conditioning Air conditioning, often abbreviated as A/C (US) or air con (UK), is the process of removing heat from an enclosed space to achieve a more comfortable interior temperature, and in some cases, also controlling the humidity of internal air. Air c ...

and heating load respectively when extreme temperatures create greater demand. The company's natural gas sales are generally higher during the winter periods when cold temperatures create demand for heating. The company's highest gas sales occurred on January 17, 2000 and was of gas. Gas usage by residential customers is approximately half of PECO's total deliveries. The PECO transition period for the competitive electric generation market ended on Dec. 31, 2010, when caps on retail rates and competitive transition charges on customer bills ended. PECO electric rates had been capped for 12 years. PECO expects to purchase all of its wholesale electricity from competitive market sources subsequent to 2010 with retail customers charged the actual costs of procurement. According to Exelon SEC Form 10-k for the year 2012: nuclear energy supplied 53% of power supplied, fossils and renewables provided 12% of power supplied, and purchased power provided 35% of power supplied.

Facilities and infrastructure

PECO owns, maintains, and operates: * of higher-voltage

transmission line In electrical engineering, a transmission line is a specialized cable or other structure designed to conduct electromagnetic waves in a contained manner. The term applies when the conductors are long enough that the wave nature of the transmis ...

s * of underground electrical distribution cable * of aerial electrical distribution lines * of natural gas transmission, distribution and service piplines. PECO has a

liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume o ...

storage facility in West Conshohocken, PA. with capacity of and a propane-air plant in

Chester, PA Chester is a city in Delaware County, Pennsylvania, United States. It is located in the Philadelphia metropolitan area (also known as the Delaware Valley) on the western bank of the Delaware River between Philadelphia and Wilmington, Delaware. ...

. with storage capacity of . The company also owns 29 natural gas

city gate A city gate is a gate which is, or was, set within a city wall. It is a type of fortified gateway. Uses City gates were traditionally built to provide a point of controlled access to and departure from a walled city for people, vehicles, goods ...

stations at locations that link with various interstate pipelines. The

Chester Waterside Station of the Philadelphia Electric Company Chester Waterside Station of the Philadelphia Electric Company is a historic former coal-fired power station, located on the Delaware River in Chester, Delaware County, southeastern Pennsylvania.National Register of Historic Places The National Register of Historic Places (NRHP) is the Federal government of the United States, United States federal government's official United States National Register of Historic Places listings, list of sites, buildings, structures, Hist ...

in 2007. PECO supplies legacy

two-phase electric power Two-phase electrical power was an early 20th-century polyphase alternating current electric power distribution system. Two circuits were used, with voltage phases differing by one-quarter of a cycle, 90°. Usually circuits used four wires, tw ...

to sections of Philadelphia where infrastructure upgrades are impracticable. Philadelphia is one of only two cities with in-service two-phase infrastructure.

Revenues

PECO's total assets are valued at $9.8 billion. The company delivered of natural gas and 39.5 billion kilowatt-hours of electricity in 2008, generating $5.5 billion in revenue. PECO's utility business is capital intensive and requires significant investments for the electric and gas delivery systems to ensure adequate capacity and reliability for customers. PECO's anticipated

capital expenditure Capital expenditure or capital expense (abbreviated capex, CAPEX, or CapEx) is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. It is considered ...

s for 2009 are estimated at $400 million—about three-fourths for the electric business, nearly 20 percent for gas, and the rest is common. The company pays about $510 million in local, state and federal income and other taxes annually.

Controversies

In the 1970s through the 1980s, community activist pressure contributed to the delayed opening of nuclear power plants at PECO's Limerick Generating Station and the temporary cancellation of the planned Limerick 2 nuclear power plant, Pennsylvania. Both Limerick 1 and Limerick 2 were built and producing power by 1990. In 2015, the Earth Quaker Action Team began protesting PECO to demand that it expand the amount of solar energy that it buys, and to source solar power from North Philadelphia in order to create jobs. PECO purchases enough solar energy to power 2,000 residential households. Twice each year, in March and September, it submits those plans to the Pennsylvania's state regulators for approval. The utility runs the bidding process through a third party for energy suppliers and wholesalers. PECO's sister company, Constellation, is the third largest developer in Pennsylvania of solar installations for commercial, industrial, government and customers, and its parent company, Exelon, has a portfolio of wind-generating power projects across the country. PECO currently generates 0.14% of its energy portfolio from solar energy, but, according to the environmental activists group Earth Quaker Action Team, “...could generate up to 20% of their portfolio from solar.” Sourcing solar energy from rooftop solar panels “...would generate 70 jobs...” or “...could generate up to 4000 new jobs in Philadelphia.”

References

External links

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Historic American Engineering Record Heritage Documentation Programs (HDP) is a division of the U.S. National Park Service (NPS). It administers three programs established to document historic places in the United States: Historic American Buildings Survey (HABS), Historic American E ...