PECO Response to Governor Shapiro's Statement on PECO Rate Review

We share Governor Shapiro's concerns about affordability and remain focused on keeping energy bills as low as possible for customers across southeastern Pennsylvania.

PECO's rate request reflects the rising costs of maintaining a safe and reliable energy system amid growing demand, more frequent severe weather, and aging infrastructure. These rates support more than $10 billion in planned upgrades over the next five years to reduce outages, strengthen the grid, protect customers during extreme weather, and modernize the natural gas system. About 90 percent of what PECO earns is reinvested directly back into system reliability, safety, and service quality.

PECO does not set rates on its own; every proposal undergoes a rigorous, transparent review with public input. We also continue to expand customer assistance and energy efficiency programs to help mitigate the impacts of these necessary bill impacts.

We look forward to working with the Governor and other stakeholders to balance affordability with the investments needed to keep powering Pennsylvania residents, businesses, and the communities we are proud to serve.