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BUSINESS
September 9, 2012 | By Andrew Maykuth, Inquirer Staff Writer
State regulators on Friday stepped up their inquiry into the safety of Peco Energy Co.'s smart-meter installation program, which the utility suspended last month after some devices caught fire. The Pennsylvania Public Utility Commission scheduled an informational meeting for Thursday at its Harrisburg offices and has summoned representatives from Peco and its three meter vendors. Peco, in a formal written response Friday to questions from the PUC, updated the number of meters that have overheated from 15 to 26. Some resulted in fires that damaged the area where the meter is mounted to the wall, and three caused fires that spread beyond the meter, said Cathy Engel Menendez, Peco's spokeswoman.
BUSINESS
May 9, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
A proposal that would allow Pennsylvania utility customers to opt out of having "smart meters" installed in their houses generated little support Tuesday at a hearing in Harrisburg. Members of the House Consumer Affairs Committee expressed bipartisan skepticism about the need for legislation that would modify a 2008 law that gives utilities 15 years to install smart meters, which allow them to monitor usage in real time at a household level and to charge hourly prices to customers who choose time-of-use rates.
BUSINESS
October 28, 2009 | By Andrew Maykuth INQUIRER STAFF WRITER
Peco Energy Co. was awarded a $200 million federal stimulus grant yesterday that will allow it to speed up deployment of "smart-grid" technology, including 600,000 advanced electric meters in the next three years. The grant will allow the Philadelphia electric utility to rapidly roll out a plan to install "smart meters" that will allow customers to monitor electric prices in real time. The utility plans to convert all 1.6 million of its customers to the devices in a decade. The Peco grant was among 100 U.S. Department of Energy grants totaling $3.4 billion.
NEWS
March 3, 1999 | By Jack Brown, INQUIRER SUBURBAN STAFF
Three years ago, when borough officials brought computerized parking meters to town, they were counting on the "smart meters" to bring in more revenue and generate traffic-pattern reports by keeping track of cars as they parked and pulled away from Main Street curbs. Now, saying the meters have not worked as advertised, borough officials have exiled them to the far reaches of North Main Street, where tourists and shoppers park only after the rest of the street is filled up. Residents and parking officials had complained that the 55 high-tech meters broke down frequently and often reset themselves at random intervals.
NEWS
November 18, 2002 | By Robert Moran INQUIRER STAFF WRITER
Melanie Sellers fed quarters - one after another after another - into the new "smart" parking meter on Chestnut Street overlooking the Schuylkill. After the 11th quarter, the digital display read "3:23" for three hours and 23 minutes, which included a bit of time left from an earlier feeding. After the 12th quarter, "3:38. " After the 13th quarter, "3:38. " Sellers gave the rock-solid meter a few swift smacks of her palm. Nothing. Less than an hour later, the time was erased and the meter was flashing "Out of Order.
BUSINESS
September 6, 2009 | By Andrew Maykuth INQUIRER STAFF WRITER
Those new smart meters Peco Energy Co. and other utilities will install soon are being touted as money-savers that will give customers more control over their electric bills. But for the utilities, the meters' real worth lies in the information generated, including details that some customers might prefer remained secret. Already, Peco is analyzing daily readings to spot thieves who intermittently bypass the meters and steal power. And experts looking at meter data can discern the telltale signs of illicit activity, such as a marijuana "grow house.
NEWS
August 30, 2012 | By Andrew Maykuth, Inquirer Staff Writer
Regulators in two states are investigating allegations of dangerously overheating electric meters after Peco Energy Co. this month suspended installation of the devices when two of its customers' houses caught fire. The Pennsylvania Public Utility Commission staff has asked Peco for results of its investigation into the failure rates of the advanced "smart meters" that the utility began installing in March. Peco says 15 of the 186,000 digital devices it installed have overheated, including several that exploded into flames.
BUSINESS
September 9, 2013 | By Andrew Maykuth, Inquirer Staff Writer
Craig L. Adams, 60, a Kentucky native, has held many jobs at Peco Energy Co. and its parent company, Exelon Corp., since he started in 1989. For the last 18 months, he has been the president and chief executive officer of Peco. The company serves 1.6 million electric and 490,000 gas customers in Southeastern Pennsylvania. It employs about 2,400 people, owns $9 billion in assets, and generates about $5.6 billion in annual revenue. Question: Your degree is in math and economics, and much of your career at Peco and Exelon has been overseeing support, supply, and training.
NEWS
April 2, 2016 | By Andrew Maykuth, STAFF WRITER
Peco Energy Co. said Thursday that its 1.6 million customers last year experienced the shortest average outage duration and second-fewest number of outages in company history, which it attributed to a ongoing program of infrastructure improvements, including the installation of smart meters. The Philadelphia utility reported fewer than one outage per customer last year - the 0.72 outage rate was second only to the 0.69 outages reported in 2013. The average outage duration was 84 minutes, a record.
BUSINESS
August 29, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
Regulators in two states are investigating allegations of dangerously overheating electric meters after Peco Energy Co. this month suspended installation of the devices when two of its customers' houses caught fire. The Pennsylvania Public Utility Commission staff has asked Peco for results of its investigation into the failure rates of the advanced "smart meters" the utility began installing in March. Peco says 15 of the 186,000 digital devices it installed have overheated, including several that exploded into flames.
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