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PECO operates in southeastern Pennsylvania and provides electricity to about 1.6 million customers and natural gas to over 511,000 customers. The company's electric service area covers all of the city of Philadelphia and Delaware County; most of Bucks, Chester, and Montgomery counties; and the southeastern corner of York County.
PECO Energy Company (PECO) is regulated utility in eastern Pennsylvania with 1.6 million electric customers and more than 500,000 natural gas customers. [1] Pepco (Potomac Electric Power Company) is a regulated utility in Washington, D.C. that serves 842,000 electric customers in the district and parts of Maryland. [1]
MORE Power was founded in 2018 under the parent company of Prime Strategic Holdings, Inc. of Enrique K. Razon.On February 14, 2019, it was granted a 25-year power distribution franchise in Iloilo City signed by President Rodrigo Duterte, after Panay Electric Company (PECO)'s 97-year-long service franchise in the city expired earlier on January 18, 2019.
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The merger was completed on October 23, 2000 and formed Exelon Corporation. The merger was one of the largest at the time. After the merger, Exelon maintained the largest collection of nuclear plants in the United States and became among the nation's largest electric utilities company, generating more than $12 billion in annual revenues. [2] [7]
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