For Immediate Release
PECO joins its family of Exelon Companies to donate more than $1 millionfor coronavirus response and relief efforts
PHILADELPHIA (March 19, 2020) — To support communities affected by the spread
of the coronavirus, PECO will contribute a total of $500,000 to United Way of Greater Philadelphia and Southern New Jersey's PHL COVID-19 Fund, as well as other non-profit and community organizations to support their efforts to provide essential services during the COVID-19 (coronavirus) pandemic. This contribution is part of a more than $1 million donation by Exelon Corporation and its family of companies nationwide towards relief organizations to support communities impacted by the spread of the coronavirus.
"Amid the continuing spread of this pandemic, we remain committed to helping support the communities that need us most. Our donation aims to provide essential resources to organizations supporting the most vulnerable during this period," said Mike Innocenzo, president and CEO at PECO. "As a provider of critical resources and infrastructure, we understand the gravity of our response to this crisis and will ensure that our customers experiencing health or economic challenges due to COVID-19, will maintain access to their electric and gas service."
PECO will donate $350,000 to United Way of Greater Philadelphia and Southern New Jersey for the PHL COVID-19 Fund. This fund will provide flexible resources to organizations across the areas PECO serves that supply essential support to individuals and households whose incomes are most impacted by the COVID-19 pandemic. The Fund's mission is to rapidly deploy dollars to established nonprofit partners, focused in five areas: food pantries; rent, mortgage, utility, and cash assistance; benefits enrollment; housing and shelter; as well as 211 and resource connectors.
Funding will also be provided to support several local organizations across southeastern Pennsylvania. These organizations include:
As a provider of the critical infrastructure that powers hospitals and health care facilities, federal, state and local response centers, and the millions of homes and businesses where people live and work, PECO recognizes its foundational role in crisis response plans for the communities it serves. The company has robust plans and contingencies to ensure business and operational continuity across a wide range of potentially disruptive events, including extensive preparedness for a major public health crisis. PECO, along with Exelon and its sister utility companies are also working in close coordination with designated state and local emergency preparedness and health officials, and at the federal level through the Electric Subsector Coordinating Council.
Today's contributions follows PECO's earlier announcement to help customers, who may experience a financial strain due to the slowdown in the economy related to the coronavirus. This includes suspending service disconnections for customers and waiving new, late-payment charges through at least May 1, 2020.
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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 532,000 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 (Nasdaq: 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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