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PECO Energy Company
PECO, formerly the Philadelphia Electric Company, is an energy company founded in 1881 and incorporated in 1929. It became part of Exelon Corporation in 2000 when it merged with Commonwealth Edison's holding company Unicom Corp.
The company has approximately 2,300 employees; its call center and field craft personnel are members of IBEW Local 614. PECO serves about 1.6 million electric and over 511,000 natural gas customers; it is the largest combination utility in Pennsylvania, and has a franchise utility service area of 2,100 square miles (5,400 km2) with a population of 3.8 million people.
PECO operates in southeastern Pennsylvania 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 and Delaware County; most of Bucks, Chester, 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 and Harford counties in Maryland through subsidiary Conowingo Power Company. On June 19, 1995, Delmarva Power 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.
As of 2012[update] 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 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 718 million cubic feet (20.3 million cubic metres) 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.
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PECO Energy Company
PECO, formerly the Philadelphia Electric Company, is an energy company founded in 1881 and incorporated in 1929. It became part of Exelon Corporation in 2000 when it merged with Commonwealth Edison's holding company Unicom Corp.
The company has approximately 2,300 employees; its call center and field craft personnel are members of IBEW Local 614. PECO serves about 1.6 million electric and over 511,000 natural gas customers; it is the largest combination utility in Pennsylvania, and has a franchise utility service area of 2,100 square miles (5,400 km2) with a population of 3.8 million people.
PECO operates in southeastern Pennsylvania 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 and Delaware County; most of Bucks, Chester, 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 and Harford counties in Maryland through subsidiary Conowingo Power Company. On June 19, 1995, Delmarva Power 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.
As of 2012[update] 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 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 718 million cubic feet (20.3 million cubic metres) 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.