$206 Million Available to Help Low Income PECO Customers Pay Electric and Natural Gas Bills
November 18 2015 - 10:00AM
Business Wire
Customers must act now to secure their LIHEAP
grant to keep their electric and gas on this winter
More than $206 million is now available through the Low-Income
Home Energy Assistance Program (LIHEAP) to help PECO customers pay
their electric or natural gas bill. Customers should apply now to
keep the heat on and stay safe and warm this winter.
Apply immediately by calling 1-800-34-HELP-4, visiting
peco.com/help or by visiting PECO's District Office at 2301 Market
Street in Philadelphia. Last year, more than 50,000 PECO customers
received $15.5 million in LIHEAP grants.
LIHEAP is a federal program that provides assistance to
individuals who are having trouble paying their heating bills.
Homeowners, renters and subsidized housing tenants may be eligible
for cash grants up to $1,000 per customer. The maximum crisis
grant, which can be used to restore service, is $500 per customer.
Grants are based on household size and income, type of fuel used
and county of residence, and are paid directly to a vendor such as
a utility like PECO.
A family of four with an annual household income of $36,375 can
qualify for help. To be eligible, annual household income cannot
exceed 150 percent of the federal poverty income guidelines or:
- $17,655 one-person household
- $23,895 two-person household
- $30,135 three-person household
- $36,375 four-person household
For larger households, the guidelines increase by $6,240 for
each additional person.
PECO manages the largest and most comprehensive set of
low-income programs in the state. In addition to LIHEAP, PECO has
many other programs to help customers manage their energy costs and
save money. Other assistance programs include:
- The Customer Assistance Program (CAP):
A discounted rate for low-income customers.
- The Matching Energy Assistance Fund
(MEAF): A program funded by voluntary contributions of citizens and
matched dollar for dollar by PECO for up to $1,000 in total
assistance for those who qualify.
- Low Income Usage Reduction Program
(LIURP): A program that provides year-round conservation and
weatherization assistance for qualified households.
- Customer Assistance and Referral
Evaluation Services (CARES): A referral and information service
designed to assist customers who have temporary personal or
financial hardships that prevent the payment of their utility
bill.
PECO customers who are not eligible for low- and fixed-income
assistance but are having trouble managing their energy costs also
should consider taking advantage of other programs, including
budget billing. Budget billing makes short-term fluctuations in
monthly bills much easier to handle by dividing annual energy costs
evenly throughout the year.
All customers also can save money on their monthly energy bills
by using energy as efficiently as possible. To find low-cost and
no-cost ways to save energy and money, visit
peco.com/smartideas.
Based in Philadelphia, PECO is an electric and natural gas
utility subsidiary of Exelon Corporation (NYSE: EXC). The
company’s 2,400 dedicated employees provide advanced, innovative
energy solutions to 1.6 million electric and more than 506,000
natural gas customers in southeastern Pennsylvania. In 2014
PECO delivered 89.9 billion cubic feet of natural gas and 37.5
billion kilowatt-hours of electricity and had an estimated economic
impact of $4.5 billion in Pennsylvania, supporting more than 9,600
local jobs and producing $760 million in labor income. Founded in
1881, PECO is one of the Greater Philadelphia Region's most active
corporate citizens, providing leadership, volunteer and financial
support to numerous arts and culture, education, environmental,
economic development and community programs and organizations. For
more information visit peco.com, and connect with the company on
Facebook and Twitter.
If you are a member of the media and would like to receive PECO
news releases via email, please send your email address to
PECO.Communication@exeloncorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151118006001/en/
PECOBen Armstrong,
215-841-5555benjamin.armstrong@exeloncorp.com
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