PECO Resumes Meter Installation Work

Company continues support of PA Act 129

PHILADELPHIA (October 9, 2012) – Following its own internal investigation and additional scientific analysis and testing by independent experts, PECO will resume meter installation work with Landis+Gyr (L+G) meters.  PECO will replace the remaining previously installed 96,000 meters with L+G meters during the next 45 days.  The company will then resume its meter installation work with L+G meters.  As part of the project, Sensus is PECO’s communications network provider.

“We have taken unprecedented steps to test our meters”, said PECO President and CEO Craig Adams.  “We are confident in the results of the scientific testing by independent experts.  Based on our work, along with results of extensive independent testing, PECO has selected the Landis+Gyr (L+G) meter for use for our customers. And, UL (Underwriters Laboratories), a leading testing and certification company, has conducted safety performance tests using the UL safety requirements for utility meters and found that the L+G meter design we are using is fully compliant with these tests.  We will continue to test and monitor our meters to ensure they meet the highest safety standards. Safety is always our top priority.”

Customers will receive two letters and a telephone call beginning about six weeks prior to receiving a new meter.  Customers with any questions or concerns can call 1-855-741-9011.

This project is part of PECO’s continuing support of Pennsylvania’s Act 129, requiring major utilities state-wide to install new metering technology for customers.  The new meters will help PECO provide more information to customers to help them understand how they use energy, and how to save energy and money.  The company also will be able to more quickly connect or disconnect service – providing faster, more convenient service for customers and assistance for emergency responders.  And, PECO will be able to identify potentially dangerous situations like tampered meters and theft of electricity, detect problems faster – helping the company deploy field forces more effectively – and provide future new products and services to customers.

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Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation (NYSE: EXC).  PECO serves 1.6 million electric and 494,000 natural gas customers in southeastern Pennsylvania and employs about 2,400 people in the region.  PECO delivered 82.1 billion cubic feet of natural gas and 38.1 billion kilowatt-hours of electricity in 2011.  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.

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