10/29 – $274 Million in PECO Grid Upgrades Approved
Thursday, October 29th 2015
In addition to new rules that will facilitate the expansion and improvements to PECO’s natural gas distribution network,last week the Public Utility Commission also approved $274 million in proposed upgrades to PECO’s electricity distribution grid.
From Utility Dive:
Philadelphia-based PECO, like several other eastern seaboard utilities, is investing to strengthen its distribution infrastructure in the
In most cases, the utilities are seeking regulatory approval to recover those investments through rate increases.
In PECO’s case, the Pennsylvania PUC unanimously approved the utility’s $274 million System 2020 (Docket No. R-2015-2471423), which also includes underground cable replacement, building substation retirements and facility relocations. PECO expects to begin work on the five-year plan in 2016.
PECO, a subsidiary of Exelon Corp., serves more than 2.1 million electric and natural gas customers in an area of southeast Pennsylvania that includes Philadelphia and five surrounding counties.
A total of 845,709 PECO customers were affected by Sandy.
Read more at UtilityDive.com
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