Peco says ice storm cost at record $90M-$120M

Posted: February 16, 2014

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.

The Feb. 5 ice storm knocked out 715,000 customers, second only to Sandy.

Peco employed more than 6,000 workers on storm recovery at the peak of the crisis. Engel Menendez said that 600 outside workers were still working on the system Friday, doing post-storm restorations.

amaykuth@phillynews.com

215-854-2947 @Maykuth

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