Exelon Corporation
PECO Withdraws Electric and Natural Gas Rate Filings to Prioritize Customer Affordability
Summary
On April 16, 2026, PECO Energy Company, a subsidiary of Exelon Corporation, withdrew its previously filed electric and natural gas rate review filings with the Pennsylvania Public Utility Commission to prioritize customer affordability amidst rising costs for households and businesses. The decision reflects a deliberate effort to balance customer affordability with the company's responsibility to deliver safe and reliable service. PECO will continue to evaluate the timing and approach for future capital investments and potential regulatory filings, informed by customer affordability considerations, system reliability needs, and ongoing engagement with regulators and other stakeholders. Additionally, the Maryland Utility RELIEF Act was passed on April 13, 2026, and awaits the Governor's signature to become law, which will modify Maryland's regulatory framework for certain Exelon subsidiaries.
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About Exelon Corporation
Exelon Corporation is a leading American energy provider primarily recognized for its role as one of the largest competitive power generators in the United States. Operating through its multi-faceted subsidiaries, Exelon generates electricity, distributes energy, and offers services to customers in a variety of forms, including nuclear, fossil, wind, hydroelectric, and solar power. The corporation's key function lies in its ability to deliver efficient electricity services to residential, commercial, and governmental sectors, ensuring reliability and sustainability. Headquartered in Chicago, Illinois, Exelon plays a significant part in the transition toward clean energy, leveraging its extensive nuclear operations to reduce carbon emissions and meet evolving environmental standards. Furthermore, Exelon's commitment to innovation in energy management and its efforts toward clean energy initiatives underscore its importance in the broader context of energy policy and environmental goals. The company is closely engaged in regulatory sectors and governmental partnerships, which bolster its position within the market as a pioneer in energy solutions and service reliability.
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