PECO Energy Company
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| Subsidiary | |
| Founded | 1881 |
| Headquarters |
PECO Building Philadelphia, Pennsylvania, United States |
| Parent | Exelon |
| Website | http://www.peco.com/ |
PECO, formerly the Philadelphia Electric Company, is an energy company founded in 1881 and incorporated in 1929. It became part of Exelon Corporation (NYSE: EXC) in 2000 when it merged with Unicom.
The company has approximately 2,300 employees; its call center and field craft personnel are members of IBEW Local 614. PECO serves about 1.6 million electric and over 511,000 natural gas customers; it is the largest combination utility in Pennsylvania, and has a franchise utility service area of 2,100 square miles (5,400 km2) with a population of 3.8 million people.
PECO operates in southeastern Pennsylvania and provides electricity to about 1.6 million customers and natural gas to over 511,000 customers. The company's electric service area covers all of the city of Philadelphia and Delaware County; most of Bucks, Chester, and Montgomery counties; and the southeastern corner of York County. The company's gas service area covers all of Delaware County; most of Bucks, Chester, and Montgomery counties; and a small portion of eastern Lancaster County.
PECO's peak electric load occurred on August 3, 2006 and was 8,932 megawatts (MWs) and its highest peak load in the winter season occurred on December 20, 2004 and was 6,838 MW. Residential electric usage makes up about 35 percent of PECO’s total electric delivery and half of the annual electric revenue.
PECO’s electric sales tend to peak in the summer and winter seasons, driven by air conditioning and heating load when extreme temperatures create greater demand. The company's natural gas sales are generally higher during the winter periods when cold temperatures create demand for heating. The company’s highest gas sales occurred on Jan. 17, 2000 and was 718,000,000,000 cubic feet (2.0×1010 m3) of gas. Gas usage by residential customers is approximately half of PECO’s total deliveries.
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