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PECO Withdraws Rate Hike that Would Have Raised Electric Bills $20 a Month: "Now Is Not the Right Time"
The utility said it will prioritize affordability after conversations with Gov. Josh Shapiro and lawmakers who warned the proposal would raise bills by $34 a month.
- On Thursday, PECO withdrew its proposed electric and natural gas rate increases following conversations with Pennsylvania Governor Josh Shapiro to "prioritize customer affordability."
- Previously, the utility had filed to raise residential rates starting in 2027, seeking a 12.5% increase for electric customers and 11.4% for natural gas to modernize infrastructure.
- The cancellation prevents "unreasonable price increases" for approximately 1.7 million customers, saving them $510 million, after 32 state House representatives urged the Public Utility Commission to reject the proposal.
- Shapiro, who previously labeled the plan "pure greed," called the withdrawal a "major win," while PECO President and CEO David Vahos acknowledged "Pennsylvanians are struggling with basic necessities."
- The Clean Power PA Coalition continues pushing for reforms in utility pricing models, even as PECO has not indicated when it might file a new rate proposal.
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Celebrating Bartram's legacy; PECO withdraws rate hike; Stateside Live! reopening concert
#BILLYPENNGRAM OF THE DAY Above the fray(Photo by @postcardsfromsouthphilly) PECO withdraws its rate hike case after backlash Under pressure from Pennsylvania Gov. Josh Shapiro, PECO has withdrawn its recent rate hike proposal filed with the state Public Utility Commission.PECO pointed to affordability issues for its ratepayers as the reason for the unprecedented withdrawal. Continue reading… A PECO employee worked from a utility bucket truck. (…
·Philadelphia, United States
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Coverage Details
Total News Sources15
Leaning Left7Leaning Right0Center6Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
54% Left
L 54%
C 46%
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