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Article: SIGNED...SEALED...DELIVERED! PECO Settlement Is First Step to End Price Uncertainty and Provides $7 Million in Additional Energy Efficiency Assistance to Low-Income Customers.
- Article from:
- Business Wire
- Article date:
- March 10, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHILADELPHIA -- PECO has finalized a plan that will result in the lowest electricity prices for customers when rate caps expire on January 2011. The plan also provides $7 million in additional energy efficiency assistance for low-income customers. Agreed to by consumer advocates, industrial users and others, the plan was filed today for approval with the Pennsylvania Public Utility Commission (PUC) and is part of PECO's comprehensive program to address the needs of customers in 2011 and beyond.
"This is a very good day for all PECO customers," said Denis O'Brien, president and CEO of PECO. "We know our customers are concerned about how the end of rate caps will ...