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For Immediate Release

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PECO Communications

PECO.Communication@exeloncorp.com

PECO Continues to Invest in Enhanced Reliability for Customers, Combat Against Increasing Severe Weather and Challenging Storms

PHILADELPHIA, PA (March 21, 2022) — PECO customers continue to experience enhanced electric service reliability because of the company's ongoing efforts to modernize and enhance the local electric infrastructure against increasingly severe weather. These enhancements, paired with the use of new technologies, and the company's dedicated employees, help to reduce the number of outages customers experience as well as the duration of outages that could not be prevented. In 2021, the number of power outages experienced by customers, and the average duration of those outages, was the fifth lowest and sixth shortest, respectively, in PECO's history.

The company continues to explore innovative technologies to help improve reliability for customers. This includes using drones to enable more efficient equipment inspections and faster damage assessments following storms, installing stronger poles and tree-resistant aerial cable, and installing specialized equipment, known as reclosers, that can automatically restore service or isolate damage. In 2021 alone, 269 new reclosers were installed, bringing the total to 3,250 system wide. During the past five years, these reclosers have avoided approximately 4.6 million customer interruptions.

PECO's ongoing investments remain critical to ensuring reliable and resilient service for customers in the face of intensifying severe weather, which continues to increase and become more frequent.  Over the past 10 years, PECO has experienced 6 of the 10 most damaging storms in the company's history.

"Severe weather continues to impact our region, however, we're taking important steps now to make our infrastructure more resilient to power our customers' lives," said PECO SVP and COO John McDonald. "The strategic investments we're making during the next several years will continue to enhance service reliability for our customers and will build upon our strong foundation of providing safe, reliable, and affordable energy for our customers. It addition, it will enable our customers to pursue cleaner energy sources."

During the next five years, PECO will be investing approximately $6 billion across its electric and natural gas systems to inspect equipment, complete targeted infrastructure enhancements and corrective maintenance, invest in new equipment, and perform vegetation management work. This investment also includes PECO's Reliability & Resiliency Plan, which outlines the investment of $1.36 billion on targeted reliability-focused electric system infrastructure investments through 2025. In 2021, PECO replaced nearly 125 miles of distribution cable, which is typically installed underground, with more reliable equipment. The company also retired eight small substations and upgraded the surrounding electrical equipment. This strategic work will help to prevent customer outages, modernize the electric grid, reduce the impact of extreme weather on electric infrastructure, and support the adoption of clean energy resources.

In addition to improving reliability, these system improvements will also pave the way for additional clean energy resources, like solar, and support transportation electrification across southeastern Pennsylvania. This work supports PECO's Path to Clean goal to reduce our operations-driven emissions by 50 percent by 2030 and achieve net-zero operations-driven emissions by 2050.   

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PECO, founded in 1881, is Pennsylvania's largest electric and natural gas utility. Headquartered in Philadelphia, PECO delivers energy to more than 1.6 million electric customers and more than 540,000 natural gas customers in southeastern Pennsylvania. The company's 2,900 employees are dedicated to the safe and reliable delivery of electricity and natural gas as well as enhanced energy management conservation, environmental stewardship and community assistance. PECO is a subsidiary of Exelon Corporation (Nasdaq: EXC), the largest fully regulated utility company in the nation with more than 10 million customers. For more information visit PECO.com, and connect with the company on Facebook and Twitter.


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