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The high-visibility display encircling the energy provider’s headquarters. (PECO)
PECO, Pennsylvania’s largest gas and electric utility provider, is asking to hike electricity rates in order to make its infrastructure more resilient to extreme weather.
Under a proposal before the Pennsylvania Public Utility Commission (PUC), the southeastern Pennsylvania utility provider would increase the monthly bill for a residential customer by about 9.65% an increase of $9.68 for a typical residential account. Small business customers would see an increase of about 5.49%. The change would bring in an additional $246 million per year.
“As we remain committed to delivering safe and reliable energy service for our customers across southeastern Pennsylvania, this filing serves as an investment to enhance the resiliency and reliability of our electric service,” said PECO President and CEO Mike Innocenzo, in a statement from the company.
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Peco proposes 9 65% rate increase, citing grid needs
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