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4-Traders Homepage  >  Equities  >  Nyse  >  Exelon Corporation    EXC

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Exelon Corporation : PECO Investing $3 Million on Underground Cable Improvements

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04/26/2012 | 04:05pm CEST

Projects designed to improve performance for thousands of residential customers

PECO will invest approximately $3.2 million this year to replace and perform preventative maintenance on about 19 miles of underground cable that delivers electricity to thousands of residential customers across the region.

About $3 million will be spent to replace 14 miles of underground cable this year. Work has already been completed to inject about five miles of underground cable with silicone gel designed to fill and seal any cracks that may have developed in the cable's insulation. This $200,000 project is expected to reduce the potential for cable malfunctions and service interruptions to customers.

"By continuously monitoring our electric system's performance, including the performance of our underground cable, we are able to identify key opportunities to improve service for our customers," said Eric Helt, vice president of Electric Operations. "Preventative maintenance, upgrading and replacement of our equipment are crucial to providing customers with safe and reliable service every day."

Underground cable replacement and preventative maintenance are part of PECO's overall program to ensure safe and reliable electric service for PECO's 1.6 million electric customers. Each year, the company conducts regular maintenance and inspection of equipment to identify opportunities to improve performance. The company has been lauded as one of Pennsylvania's safest and most reliable electric and natural gas service providers and has received numerous industry awards for its efforts.

Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation (NYSE: EXC). PECO serves 1.6 million electric and 494,000 natural gas customers in southeastern Pennsylvania and employs about 2,400 people in the region. PECO delivered 82.1 billion cubic feet of natural gas and 38.1 billion kilowatt-hours of electricity in 2011. Founded in 1881, PECO is one of the Greater Philadelphia Region's most active corporate citizens, providing leadership, volunteer and financial support to numerous arts and culture, education, environmental, economic development and community programs and organizations.

If you are a member of the media and would like to receive PECO news releases via e-mail please send your e-mail address to [email protected].

PECO
Liz Williamson, 215-841-5555
[email protected]


© Business Wire 2012
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EBIT 2017 5 179 M
Net income 2017 2 575 M
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Yield 2017 3,57%
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