For Immediate Release
PHILADELPHIA (May 25, 2022) – The summer season is quickly approaching and with it, comes higher temperatures, increased usage, and severe storms. PECO has been hard at work for the past several months to ensure the company's critical electric infrastructure is prepared to handle increased demand during the hotter summer months. This proactive effort also includes infrastructure work to strengthen the local energy grid to prevent outages caused by severe summer storms.
During the next five years, PECO is 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 includes PECO's Reliability & Resiliency Plan, which outlines the investment of $1.36 billion on targeted reliability-focused electric system infrastructure investments through 2025. As part of this work and in preparation for the summer season, PECO has tested systems, processes, and procedures, and has completed 286 projects and initiatives across the region to ensure customers stay powered this summer.
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. During the past 10 years, PECO has experienced 6 of the 10 most damaging storms in the company's history.
The company also 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 storm damage.
"We are committed to providing safe, reliable, and resilient service for our customers every day, no matter how high the temperature climbs," said John McDonald, PECO senior vice president and COO. "As the past few years have shown us, severe summer storms are becoming more prevalent, which is why it's so critical that we continue to make our infrastructure more resilient to power our customers' lives."
While PECO works to prevent as many outages as possible, severe storms can cause damage and power outages. Customers can act now to prepare for severe weather by visiting peco.com/storm. PECO offers important storm readiness resources, including how to prepare for an approaching storm, how to properly use generators if power is lost, what to expect after storms, and how to stay safe.
Tips to Help Manage your Bill
While customers have experienced relatively low energy prices for the past several years, current market trends are driving higher energy bills nationwide. This is leading to increased electric and natural gas supply costs, which customers will see on their bill during the summer months. Managing energy usage is especially important during the summer months as this is typically the time when customers use more electricity to cool their homes and businesses. There are several low- and no-cost tips that customers can follow to gain control over their energy use and costs to save money.
Customers can take advantage of energy efficiency programs to save energy and money, including energy assessments that identify ways to save even more. Visit www.peco.com/waystosave to learn more.
In addition, customers can lower their bills during the summer months by following a few simple tips:
Through PECO's MyAccount at https://www.peco.com/myaccount, customers can track their energy use, set up high usage alerts, get tips on how to reduce energy costs, and learn which appliances use the most energy.
Shop for Energy
Customers may be able to save money by shopping for natural gas or electricity with a competitive supplier.
Bill Relief and Assistance Programs
PECO has billing and financial assistance programs to help qualified customers who are facing financial challenges manage their energy bill. PECO also offers additional programs that can help customers pay down outstanding balances through grants. Income-qualified programs are also available to help customers with bill credits, energy efficiency, and referrals for additional services. For more information about financial assistance programs, customers can visit www.peco.com/help.
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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.