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PECO Completes $56 Million in Work to Prepare for Summer 2015

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Summer is just around the corner, and PECO is ready. PECO has invested nearly $56 million and completed 21 projects that are essential to keeping homes and businesses cool during the hot summer months. This work includes substation equipment upgrades, transmission and distribution line improvements, new pole installations, and circuit and equipment inspections.

Summer preparedness is part of PECO’s ongoing investment in the reliability and safety of the systems serving customers. This includes more than $1.5 billion invested in electric system upgrades and expansions during the last five years. PECO also plans to continue to invest at least $300 million in ongoing system work each year, including replacing equipment and upgrading infrastructure to continue to provide safe and reliable service to customers. In addition, through PECO’s System 2020 plan, PECO plans to spend an additional $275 million during the next five years to install advanced equipment and reinforce the local electric system, making it more weather resistant and less vulnerable to storm damage.

“We are committed to providing safe and reliable service to our customers every day, no matter how high the temperature climbs,” said Mike Innocenzo, senior vice president and COO. “The work that we have completed will help us deliver on that commitment despite excessive conditions.”

Each year PECO completes hundreds of tasks to prepare for the summer season. In addition to the 21 essential projects, the company also conducts emergency response drills and completes testing of computer and emergency systems as part of the company’s summer preparedness program. Employees from across the company, including those who work in the field and those who provide back office support, review emergency processes and procedures to help ensure safe and efficient response to storms or emergencies.

Higher temperatures can also lead to higher energy bills. Customers can save energy and money this summer by following a few simple tips.

  • Turn it off: Turn off all unnecessary lighting and devices.
  • Manage your thermostat: Keep thermostats at a constant, comfortable level when at home. Raise the thermostat setting for days of extreme heat to save even more. Install a programmable thermostat to automatically adjust your home’s temperature settings when you’re away or sleeping.
  • Keep shades, blinds and curtains closed: About 40 percent of unwanted heat comes through windows. Simply closing blinds and curtains, which act as a layer of insulation, can reduce heat in your home.
  • Use ceiling fans to circulate air: For those without air conditioning, use ceiling fans or portable fans with the windows partially open to circulate fresh air into your home. For those with air conditioning, fans can be used to evenly distribute cool air.
  • Use appliances wisely: Run appliances that produce heat (like clothes dryers, ovens and dishwashers) at night when it is cooler.

Customers can save even more with PECO Smart Ideas, the company’s full suite of energy efficiency programs to help residential, business, government and non-profit customers save energy and money. For more ways on how to save energy, visit peco.com/smartideas.

Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation (NYSE:EXC) . PECO serves 1.6 million electric and more than 506,000 natural gas customers in southeastern Pennsylvania and employs about 2,400 people in the region. PECO delivered 89.9 billion cubic feet of natural gas and 37.5 billion kilowatt-hours of electricity in 2014. Founded in 1881, PECO is one of the Greater Philadelphia Region’s most active corporate citizens, providing leadership, volunteer and financial support to numerous arts and culture, education, environmental, economic development and community programs and organizations. For more information visit PECO.com, and connect with the company on Facebook and Twitter.

If you are a member of the media and would like to receive PECO news releases via email, please send your email address to PECO.Communication@exeloncorp.com.

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