This month's ice storm may be the most expensive in Peco Energy Co.'s history.
The Philadelphia utility estimated that restoration from this month's ice storm will cost between $90 million and $120 million. Hurricane Sandy in 2012 cost upwards of $91 million, according to filings by Peco's parent company, Exelon Corp.
The utility will spend $60 million to $80 million in operating and maintenance expenses and $30 million to $40 million in capital expenses related to the ice storm, said Cathy Engel Menendez, a Peco spokeswoman. The utility can ask regulators to recover those costs in higher rates.