PECO Energy
PECO Energy is the largest electricity and natural gas utility in Pennsylvania, serving 1.6 million electric and over 511,000 gas customers across southeastern Pennsylvania as a regulated subsidiary of Exelon Corporation.
- Company typePrivate
- Founded1886
- HeadquartersPhiladelphia, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What PECO Energy does
PECO Energy is an investor-owned regulated utility and wholly-owned subsidiary of Exelon Corporation (NASDAQ: EXC), operating as the largest electricity utility in Pennsylvania. Founded in 1886 as Philadelphia Electric Company, PECO distributes electricity to approximately 1.6 million customers and natural gas to more than 511,000 customers across southeastern Pennsylvania, serving residential, commercial, and industrial segments under Pennsylvania Public Utility Commission oversight.
The company's core business is built on regulated electricity and natural gas distribution infrastructure. PECO is executing a $1.8 billion gas pipeline replacement program to reduce methane emissions and improve safety, alongside grid modernization investments to accommodate heightened demand from data centers and renewable energy interconnections. Revenue is generated through regulated distribution rates set via formal rate case proceedings, with allowed returns of 9.5% to 11% on capital investments providing a predictable rate base growth model.
In April 2026, PECO withdrew a combined $510 million rate hike proposal following public and gubernatorial pressure citing affordability concerns, an event that led to the CEO's resignation. The utility subsequently received a $52.5 million award through the RISE PA industrial decarbonization program and is preparing a 2027 rate case seeking $520 million for grid updates, even as parent Exelon deferred $1.1 billion in PECO capital projects as part of its revised $41.7 billion four-year capital plan.
PECO Energy firmographics
Firmographics- Name
- PECO Energy
- Legal name
- PECO Energy
- Website
- https://peco.com
- Company type
- Private
- Founded year
- 1886
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- PECO Energy is the largest electricity and natural gas utility in Pennsylvania, serving 1.6 million electric and over 511,000 gas customers across southeastern Pennsylvania as a regulated subsidiary of Exelon Corporation.
- Ownership category
- akta.pro rank
PECO Energy industry classification
Industry- Product category
- Electric and Gas Utility Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Natural Gas Distribution (221210)
- SIC
- Electric Services (4911), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Multi-Utility Distribution Companies (Electric + Gas/Water Distribution) (EUADABAJ)
- akta.pro secondary industries
- Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching (EUAAADAA), Network Upgrades & Capacity Additions (Reconductoring, Rebalancing, Voltage Optimization) (EUAEACAN)
Keywords
Where PECO Energy is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PECO Energy business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Others
Revenue model
- Electricity Distribution: PECO Energy distributes electricity to customers in Pennsylvania, generating revenue through regulated electricity distribution rates approved by the Pennsylvania Public Utility Commission. Revenue is driven by rate base growth and capital investment returns of 9.5% to 11%.
- Natural Gas Distribution: PECO Energy distributes natural gas to customers in Pennsylvania through regulated gas distribution rates. The company is investing $1.8 billion in gas pipeline replacements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard electricity distribution rates |
| Subscription | Monthly | Standard gas distribution rates |
Go-to-market motion1 record
Distribution channels1 record
PECO Energy product offering
Product offeringCore offering
PECO Energy distributes electricity to approximately 1.6 million customers and natural gas to more than 511,000 customers across southeastern Pennsylvania, operating as a regulated investor-owned utility under Pennsylvania Public Utility Commission oversight. The company invests in grid modernization and a $1.8 billion gas pipeline replacement program to improve safety, reduce methane emissions, and connect data centers and renewable energy sources. Services are delivered through regulated infrastructure with monthly billed rates approved via formal rate case proceedings.
Product overview
PECO Energy is an investor-owned electric and natural gas utility company serving Pennsylvania, operating as a subsidiary of Exelon Corporation. The company provides electricity distribution and natural gas distribution services to residential, commercial, and industrial customers. PECO Energy's core business involves electricity transmission and distribution infrastructure, natural gas distribution, grid modernization, and rate-regulated utility services.
Differentiator
Problem solved
Functional benefit
Products and services
- Electricity Distribution Service
Quantifiable outcome
- 48% increase in net income year-over-year
- +2 more outcomes
Companies that use PECO Energy
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
PECO Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
PECO Energy partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- RISE PA ProgramminorPECO Energy received a $52.5 million award from Pennsylvania's RISE PA industrial decarbonization program, funded by EPA Climate Pollution Reduction Grants. The program supports projects to improve operational efficiency and reduce carbon emissions at manufacturing facilities across Pennsylvania.
Scale indicators7 records
Recent moves6 records
Expansion highlights4 records
PECO Energy competitors and assessment
Company assessmentDirect peers
- Commonwealth Edison (ComEd): Exelon subsidiary serving northern Illinois; operates as a regulated electric transmission and distribution utility with the same parent-company structure, regulatory model, and capital deployment playbook as PECO.
- Baltimore Gas and Electric (BGE): Exelon subsidiary providing regulated electric and natural gas distribution in central Maryland. Closest comparable as a sister multi-utility distribution company under the same Exelon corporate umbrella.
- PPL Corporation: Pennsylvania-headquartered regulated electric and natural gas utility serving customers across the state. Competes in overlapping regulatory jurisdiction and serves similar residential, commercial, and industrial customer segments.
- FirstEnergy: Investor-owned electric utility serving Pennsylvania, Ohio, and surrounding Mid-Atlantic states through subsidiaries including Met-Ed and Penelec. Directly competes in overlapping Pennsylvania territory with similar regulatory exposure.
Broad incumbents
- Duke Energy: One of the largest U.S. investor-owned utilities with multi-state electric and gas distribution operations. Comparable in regulated business model, capital intensity, and authorized-return framework, though serving different geographies.
- Dominion Energy: Large regulated electric and natural gas utility serving the Mid-Atlantic and Southeast. Comparable on regulated rate base model, gas pipeline modernization, and data-center demand exposure, though with broader geographic spread.
- Eversource Energy: Major New England investor-owned utility with electric and natural gas distribution. Comparable regulated multi-utility structure and authorized-return-on-rate-base model.
- National Grid: U.S. and U.K. regulated electric and natural gas utility operator. Comparable on multi-utility regulated distribution model and gas infrastructure replacement programs, though operating under different regulatory frameworks.
Regional players
- CenterPoint Energy: Investor-owned natural gas and electric utility primarily serving the South and Midwest. Comparable in regulated gas distribution focus and pipeline replacement capex, though geographically distinct from PECO.
Others
- NextEra Energy: Largest U.S. renewable energy generator with regulated FPL utility subsidiary. Thematically related through utility-scale renewable generation and grid infrastructure exposure relevant to PECO's renewable interconnection work.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
PECO Energy social profiles
Digital presencePECO Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
PECO Energy leadership team
Management profileNumber of profiles
Profiles5 records
PECO Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PECO Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PECO Energy
What does PECO Energy do?
PECO Energy distributes electricity to approximately 1.6 million customers and natural gas to more than 511,000 customers across southeastern Pennsylvania, operating as a regulated investor-owned utility under Pennsylvania Public Utility Commission oversight. The company invests in grid modernization and a $1.8 billion gas pipeline replacement program to improve safety, reduce methane emissions, and connect data centers and renewable energy sources. Services are delivered through regulated infrastructure with monthly billed rates approved via formal rate case proceedings.
Is PECO Energy a public or private company?
PECO Energy is a private company. It is classified as corporate owned and is currently operating.
When was PECO Energy founded?
PECO Energy was founded in 1886. It employs 1,001 to 5,000 people.
Where is PECO Energy based?
PECO Energy is headquartered in Philadelphia, United States, in the North America region.
How does PECO Energy make money?
Two revenue lines are on record. Electricity Distribution is the primary driver. The others are natural Gas Distribution.
Who are PECO Energy's main competitors?
Direct peers on record are Commonwealth Edison (ComEd), Baltimore Gas and Electric (BGE), PPL Corporation and FirstEnergy. Broad incumbents are Duke Energy, Dominion Energy, Eversource Energy and National Grid. CenterPoint Energy is listed as a regional player. NextEra Energy is listed as an others.
Does PECO Energy have an API?
No public API is recorded for PECO Energy.
What industry is PECO Energy in?
PECO Energy's product category is Electric and Gas Utility Services. Its primary akta.pro industry code is EUADABAJ, Multi-Utility Distribution Companies (Electric + Gas/Water Distribution), with a secondary code of EUAAADAA, Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching. Its NAICS code is 2211 and its SIC code is 4911.