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BUSINESS
September 7, 1995 | by Anthony S. Twyman, Daily News Staff Writer
Sparks flew yesterday over Peco Energy Co.'s $3.8 billion hostile bid for Allentown-based PP&L Resources Inc. In its first formal response, PP&L's board unanimously rejected Peco's bid. The company cited concerns over Peco's debt, high customer rates and the effect of the deal on shareholder dividends. "We have concluded that the Peco proposal is not in the best interests of PP&L Resources, its shareowners, customers, employees or the communities it serves," said William F. Hecht, PP&L's chairman, in a sharply worded letter to Peco's chairman, Joseph F. Paquette Jr. Hecht also warned Peco against any further pursuit of a hostile takeover.
NEWS
January 17, 2006 | By Walter F. Naedele INQUIRER STAFF WRITER
A few hundred homes in the five-county Philadelphia region remained without electricity as of late yesterday afternoon after Saturday's windstorm, according to Peco spokeswoman Cathy Engel. Peco expected service to be fully restored by early evening. At the storm's peak, Engel said, 28,000 of Peco's 1.6 million electricity customers in Philadelphia and Bucks, Chester, Delaware and Montgomery Counties were without power. Peco said the outages were caused by high winds that knocked down power lines.
NEWS
July 26, 2001
In recent years, a series of technological breakthroughs . . . has begun to coalesce around a new model for an energy system that would better serve the needs of the near future, while enabling power producers as well as consumers to lessen their impact on the environment in the long term. . . . The smarter energy network of the future . . . will incorporate a diversified pool of resources located closer to the consumer, pumping out low- or zero-emission power in backyards, driveways, downscaled local power stations, and even in automobiles, while giving electricity users the option to become energy vendors.
NEWS
October 3, 1995 | By Andy Wallace, INQUIRER STAFF WRITER
John A. Wojciechowicz, 89, formerly of Huntingdon Valley, a retired electric-company employee who was active in Polish American affairs, died Friday of a pneumonia at his home in Miami Springs, Fla. Mr. Wojciechowicz worked in the engineering and research departments at the Philadelphia Electric Company for 46 years before he retired in 1971. He moved to Florida in 1984. He was a graduate of St. Joseph's Prep and Drexel University, where he received a degree in engineering.
NEWS
December 30, 2012 | By Aubrey Whelan, INQUIRER STAFF WRITER
About 1,300 Northeast Philadelphia households were left without power early Saturday morning when a defective transformer cut power to houses in Oxford Circle. PECO customers in the Oxford Circle neighborhood lost power around 6:30 a.m. a PECO spokesperson said. All but 66 had power restored by 1:30 p.m. The remaining houses were expected to have power back on by 5 p.m., PECO said. PECO couldn't provide any more details on the defective transformer, which was situated underground.
NEWS
August 16, 2011
Peco Energy Co.'s residential commodity charge will increase 7 percent on Oct. 1 from 10.42 cents per kilowatt hour to 11.14 cents. The increase in the generation charge, also known as the price to compare, is slightly higher than the utility projected last month. Since only the supply charge is affected, a typical customer's total monthly bill will increase 4 percent or about $5.40 a month. The charge for small commercial customers will increase 5 percent from 10.32 cents per kilowatt hour to 10.87 cents, said Catherine Engel Menendez, Peco's spokeswoman.
NEWS
April 13, 1989 | By Caroline Gretton, Special to The Inquirer
The Newtown Township supervisors Monday night postponed a decision on a request by the Philadelphia Electric Co. (PECO) to have a portion of its land on Route 332 used for a motel and restaurant. PECO made the request along with an offer to donate land adjacent to its office complex for a portion of the Newtown Bypass to be constructed later this year. The board postponed a decision on the matter until PECO conducts a study determining the feasibility of its proposed use of the land.
BUSINESS
September 14, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
HARRISBURG - A Peco Energy Co. executive said Thursday the suspension of a ballyhooed smart-meter installation program would likely continue until early October while the utility evaluates what caused 29 of the devices to overheat and catch fire. Mike Innocenzo, Peco's senior vice president of operations, told a special meeting of the Pennsylvania Public Utility Commission that the company was committed to the safe rollout of smart meters, some of which began overheating soon after Peco began a mass installation campaign in March.
BUSINESS
July 18, 2007 | By Harold Brubaker INQUIRER STAFF WRITER
About 300,000 Peco Energy customers received a reply envelope with their latest bill that will not get their payment in on time. The address window in the envelope is in the wrong place, so the address will not show, Peco spokesman Ted Caddell said yesterday. Using an automated telephone-calling system, the utility is asking the affected customers to write the address - which is on the front and back of the bill - on their own envelope to send in their payment. "This is a one-time thing," Caddell said.
BUSINESS
March 29, 2015 | By Andrew Maykuth, Inquirer Staff Writer
Peco filed a $190 million electric-rate increase request Friday, its first in five years, which it says would increase a residential customer's bill 6 percent. The Philadelphia utility, which serves 1.6 million customers in the city and surrounding counties, characterized the rate increase and a companion filing outlining its five-year infrastructure-improvement plan as vital customer investments in the power system. "These investments are needed to ensure we can continue to keep the lights on for our customers and provide the safe, reliable service they deserve," Craig Adams, Peco's president and chief executive, said in a statement.
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NEWS
August 19, 2016 | Inquirer Staff
Peco Energy Co. is distributing about $160,000 in grants to 20 local municipalities and nonprofits as part of its Peco Green Region program to fund open space and environmental initiatives. In partnership with Natural Lands Trust, Peco will provide grants for a range of projects to improve walking trail accessibility to purchasing open land for conservation. PECO has awarded more than $1.7 million to 230 projects since the program's inception in 2004. The recepients include: Bucks County: New Hope Borough ($10,000)
NEWS
August 17, 2016
Amid a brutal heat wave, about 1,200 customers were without power in the city's Fishtown and Northern Liberties section Monday night, PECO reported. The outage hit about 7:30 p.m. as a result of equipment issues, said PECO spokeswoman Deb Yemenijian. "We are currently on site," she said. "We don't know the cause yet. " PECO expects to have power restored within a few hours, she said. - Robert Moran  
NEWS
August 12, 2016 | By Andrew Maykuth, STAFF WRITER
Doug Oliver, the former spokesman for Mayor Nutter and Philadelphia Gas Works, has joined Peco Energy Co. as its director of communications. Oliver, 41, was senior vice president for communications at PGW before stepping down to run for mayor in 2015. After the Democratic primary, he returned to the city-owned utility as a senior leader for external affairs and marketing and corporate communications. Before working for PGW, Oliver served as the Nutter administration's press secretary as a spokesman for the Pennsylvania Department of Public Welfare.
BUSINESS
August 7, 2016 | By Andrew Maykuth, Staff Writer
The reliability of Pennsylvania's electric utilities "is trending in a positive direction, and we expect more improvement in 2016," an annual Public Utility Commission report says. Peco and PPL Electric Utilities, which serve much of the region, had the two best records for reliability among the state's seven large electric-distribution companies, according to the PUC report to be released Monday. The PUC's reliability measures include tallies of the average number of outages each customer suffers per year, and the average outage duration in minutes.
NEWS
July 27, 2016 | By Grace Toohey, Staff Writer
On what turned out to be a record-tying steam bath of a day, hundreds of Delaware County residents got an unwanted surprise Monday: They lost power as the result of a truck accident that took down four utility poles. And it was not the day to be without air-conditioning, as the heat index soared to 108 at Philadelphia International Airport, and the official high, 96, tied a record for a July 25, set in the blazing summer of 1999. The "excessive heat warning" for the region expired at 6 p.m. Monday as cooling thunderstorms, some severe, pounded parts of the region during the peak evening commute, with one-inch-diameter hail reported in Coatesville and wind damage in Jamison, Bucks County.
BUSINESS
July 13, 2016 | By Andrew Maykuth, STAFF WRITER
Peco has launched a new website, peco.com, providing its 1.6 million electric customers and 511,000 gas customers access from any online device - mobile, tablet and desktop. The new online design allows customers to report and check the status of outages, view their energy usage and manage their payments. The online upgrade also applies to other Exelon utilities, including Delmarva Power and Atlantic City Electric. In addition to the new website, the Philadelphia utility recently launched Peco Alerts, providing customers the means to receive text, email or phone messages regarding outages, billing, payment, usage and more.
NEWS
June 29, 2016
Two workers suffered burns from an underground flash fire Monday afternoon at a PECO site in Center City, officials said. About 4:45 p.m. at 23rd and Market Streets, a PECO employee and a contractor were working underground when they were injured by a flash fire, officials said. Police described one worker as a 35-year-old man with second- and third-degree burns. He was taken to Temple University Hospital. The second male worker, whose age was not available, had superficial burns to his face.
BUSINESS
June 25, 2016 | By Andrew Maykuth, Staff Writer
Under pressure from environmental activists, Peco Energy Co. on Thursday convened a Solar Stakeholder Collaborative to explore ways to advance renewable power in the region. Craig Adams, Peco's chief executive, said the collaborative was modeled on processes the company used previously to develop conservation and wind-energy programs. "We're committed to providing that same leadership and dedication to advancing solar energy," Adams told about 80 energy experts and advocates at the daylong gathering at the Hub Commerce Square.
NEWS
June 16, 2016 | By Andrew Maykuth, STAFF WRITER
The Edison Electric Institute on Tuesday recognized Peco Energy Co. and seven other North American utilities for rapid recoveries from storm emergencies last year. Peco received an EEI Emergency Recovery Award for restoring electric service to more than 260,000 customers knocked out by a severe summer storm in June 2015. The company deployed more than 2,500 employees, local contractors and crews from five states to restore service to 92 percent of the customers in 36 hours. It was the fourth Emergency Recovery Award Peco has received since 2010.
NEWS
June 13, 2016 | By Jonathan Lai, STAFF WRITER
About 100 Peco Energy customers in Center City will remain without service overnight due to underground repair work, a spokeswoman for the utility said. Smoke was visible shortly before 8:30 p.m. Saturday near the intersection of South 12th and Locust Streets. A piece of equipment connected to an underground cable had overheated, said Peco spokeswoman Liz Williamson. There was no danger to people in the area, she said. Repairs would continue through the night, with no specifics on when power would be restored, Williamson said.
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