PECO Reaches more than 500,000 Natural Gas Customers
April 09 2014 - 9:55AM
Business Wire
Company continues to provide cost-effective and
reliable energy solutions
PECO continues to expand its natural gas system, providing the
opportunity for more customers to take advantage of an economical,
domestic and environmentally- friendly energy resource. In April,
the company will celebrate the significant milestone of providing
natural gas service to more than 500,000 customers in southeastern
Pennsylvania.
The low prices of natural gas have increased the demand for
natural gas service throughout the region. In addition, future
commodity prices are projected to remain low, positioning natural
gas as an economical, long-term investment for customers.
“We are always looking for ways to provide safe, reliable and
cost-effective energy solutions to our customers, and expanding
natural gas service is part of those efforts,” said Craig Adams,
PECO president and CEO. “This is a significant achievement for
PECO, and we look forward to providing the opportunity for more
customers to take advantage of the many benefits of natural gas in
the future.”
PECO operates and maintains more than 12,000 miles of natural
gas distribution and service lines serving customers across Bucks,
Chester, Delaware, Montgomery and a small portion of Lancaster
counties.
The company will invest approximately $90 million in its natural
gas system this year. This investment includes inspecting
equipment, completing necessary repairs or replacements, performing
preventative maintenance work, and installing additional natural
gas main and service lines to bring natural gas service to new
customers.
In addition to the many benefits of natural gas, PECO offers a
variety of rebates for customers who make the switch to natural gas
through the company’s Smart Ideas program. For more information on
PECO’s natural gas conversion programs and more ways to save energy
and money, visit www.peco.com/smartideas.
Based in Philadelphia, PECO is an electric and natural gas
utility subsidiary of Exelon Corporation (NYSE: EXC). PECO serves
1.6 million electric and more than 500,000 natural gas customers in
southeastern Pennsylvania and employs about 2,400 people in the
region. PECO delivered 85.7 billion cubic feet of natural gas and
37.8 billion kilowatt-hours of electricity in 2013. 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.
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.
PECOGreg Smore, 215-841-5555Greg.Smore@exeloncorp.com
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