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PECO, founded in 1881, is Pennsylvania's largest electric and natural gas delivery company. Headquartered in Philadelphia, PECO delivers energy to nearly 1.7 million electric customers and …

4 days ago · PECO announces new leadership following controversial rate hike and stalled union negotiations David Vahos, PECO president and CEO, will become “special advisor” to parent …

PECO announced on April 16 it decided to withdraw a proposed rate hike that would have increased customers' utility bills by about $34 per month.

4 days ago · Mike Innocenzo returns as interim CEO of PECO after David Vahos departs following the withdrawal of a heavily criticized rate hike request.

4 days ago · Peco requested a rate increase from Pennsylvania regulators late last month, then pulled back the request weeks later.

Apr 17, 2026 · PECO announced Thursday it has withdrawn its proposal to raise electric and natural gas rates for next year.

Apr 16, 2026 · PECO has withdrawn its proposed rate case, saving Pennsylvanians $510 million — reducing future utility bills by up to $34 per month for PECO customers. Governor Shapiro demanded …

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Apr 17, 2026 · PECO withdraws $510M in rate hike proposals over affordability concerns “We recognize that Pennsylvanians are struggling with basic necessities like gas, food, and energy and have …