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PECO Recognized as a Top Utility for Economic Development by Site Selection Magazine

PHILADELPHIA (September 12, 2019) – Site Selection magazine has once again named PECO to its list of Top Utilities in Economic Development. To determine the top 20 utilities in this category from approximately 3,300 electric utilities nationwide, Site Selection evaluated factors such as facility and capital investment; job creation; and innovative programs and incentives for businesses, including energy efficiency and renewable energy programs. PECO has been recognized along with its Exelon sister utility ComEd in Chicago.

"PECO is proud to work with our economic development partners to help businesses locate and expand in Southeastern Pennsylvania," said Liz Murphy, PECO senior vice president of Regulatory and External Affairs. "We are always developing new partnerships, researching current market trends, and focusing on varying industries in our area so we can continue to provide the critical infrastructure businesses need and adapt to their evolving energy needs."

"Any peek into the negotiations for a corporate real estate project will find at least one utility economic developer at the table. PECO is one of our strongest development allies," said Matt Cabrey, executive director of Select Greater Philadelphia. "We know that electric reliability, proximity to a natural gas main, and utility costs are critical factors in the development process, and PECO excels at providing customized information quickly and confidentially."     

This is the tenth time that PECO has been recognized by Site Selection for its economic development efforts since the Top Utilities program launched in 1999.

To read the full article, go to https://siteselection.com/issues/2019/sep/top-utilities-corridors-of-power.cfm.

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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 523,000 natural gas customers in southeastern Pennsylvania. The company's 2,700 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. In 2018, PECO was named to Forbes Magazine's list of Best Employers for Women. The company also has an estimated annual economic impact of $4.8 billion in Pennsylvania, supporting more than 9,000 local jobs and producing $775 million in labor income. PECO is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's only Fortune 100 utility and leading competitive energy provider. For more information visit PECO.com, and connect with the company on Facebook and Twitter.

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