A Lower Bucks Source reader suggested the PECO statement on canceling their rate increase request to customers should be posted/published / shared.
PECO rescinded the request Thursday after intense pressure from customers and lawmakers.
Here is the full letter in its entirety.
Dear Customer,
I’m writing to personally share an important update regarding your PECO electric and natural gas service.
After listening closely to our customers, community partners, and leaders across our region, PECO has decided to withdraw our previously filed electric and natural gas regulatory rate review requests with the Pennsylvania Public Utility Commission (PUC).
I know many households and businesses are facing real financial pressure from rising everyday costs – not just energy, but housing, food, healthcare, transportation, and more. Given those realities, we believe now is not the right time to move forward with additional delivery rate increases.
What this means for you
- By withdrawing these filings, your electric and natural gas delivery rates will not increase.
- Safety and reliability remain non‑negotiable. We will continue essential investments to keep your service safe, secure, and dependable.
- This is a timing-based decision, not a change in our long-term commitment to maintaining and modernizing the energy system that southeastern Pennsylvania depends on.
We will also continue expanding energy assistance, energy efficiency, and customer support programs – especially for those customers who need help the most.
Listening to our customers and acting responsibly is core to how we do business. This decision reflects our commitment to balancing affordability today with safe, reliable service now and thoughtful investments for the future.
Thank you for trusting PECO to serve you and your community.
Sincerely,
David Vahos
PECO President & CEO
