HARRISBURG – The Pennsylvania Public Utility Commission (PUC) today voted to investigate a proposed rate increase for PECO Energy Company (PECO).
The Commission voted 5-0 to investigate the request, which was filed on March 29, 2018, and would increase annual distribution revenues by approximately $82 million (2.2 percent), which reflects a proposed cost increase of $153 million, less $71 million in reduced federal income tax effects under the Tax Reform Act. Under PECO’s proposal, the average monthly bill for a residential customer using 700 kWh would increase from $102.65 to $105.93 (3.2 percent).
The request is suspended for up to seven months from the time the rate would have otherwise become effective (May 28, 2018) and will be assigned to the PUC’s Office of Administrative Law Judge for an investigation and recommended decision. A final decision by the Commission is due by Dec. 28, 2018. More information on the ratemaking process is available on the Commission’s website.
PECO provides electric services to approximately 1.6 million customers within Bucks, Chester, Delaware, Montgomery, Philadelphia and York Counties.
The Pennsylvania Public Utility Commission balances the needs of consumers and utilities; ensures safe and reliable utility service at reasonable rates; protects the public interest; educates consumers to make independent and informed utility choices; furthers economic development; and fosters new technologies and competitive markets in an environmentally sound manner.
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Docket No.: R-2018-3000164