A group of Bucks County based Republican state lawmakers formally called on PECO to reconsider its recent regulatory filings seeking additional increases to electric and natural gas rates.
In a letter sent April 2, the legislators expressed concern that PECO’s proposals would place further financial strain on residents already facing high utility costs.
The PECO Rate Letter was signed by Sen. Frank Farry (R-6), Rep. Shelby Labs (R-143), Rep. Joe Hogan (R-142), Rep. Kristin Marcell (R-178) and Rep. Kathleen Tomlinson (R-18).
The lawmakers noted PECO received rate hikes of 10% for electric service and 12.5% for natural gas in January 2025, after which the company reported a 47.7% increase in net revenue, totaling $814 million for the year.
Despite this, PECO is now seeking an additional 12.5% increase for residential electric customers and 11.4% for residential natural gas customers at a combined cost of $429 million.
The legislators emphasized any further increases would negatively impact ratepayers and urged PECO to meet with them to discuss concerns directly. While the Pennsylvania Public Utility Commission will ultimately review the proposals, the lawmakers stressed the importance of protecting consumers from excessive rate burdens.
Bucks County based Democratic lawmakers, last week, voiced their strong opposition to PECO’s proposed gas and electric price hikes.
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