PECO Energy Company · Philadelphia, PA United States
Company Description
Phone: 215-841-4000
Fax: 215-841-5005
Toll Free: 800-494-4000
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This link will open in a new window PECO Energy propels energy currents in the five-county Philadelphia region. The utility, a subsidiary of Exelon , serves 1.6 million electricity customers and 485,000 natural gas customers. PECO Energy owns 21,000 circuit miles of regulated power transmission and distribution lines; its transmission assets are controlled by regional operator PJM Interconnection . The company also has about 6,500 miles of underground gas mains and service pipes. In Pennsylvania's deregulated electric supply market, PECO Energy is the provider of last resort (POLR) for customers who don't choose an alternative generation supplier. To read the full description, subscribe now.
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Key PECO Energy Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $5,567.0 |
| Employees | 2,300 |
PECO Energy Company Executives
24 executives listed for PECO Energy Company's Philadelphia, PA location.
| Title | Name & Bio | Contact |
| Chairman | John Rowe | Network |
| President, CEO, and Director | Denis O'Brien | Network |
| SVP and COO | Craig Adams | Network |
Competition
Competitive Landscape for PECO Energy Company
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top PECO Energy Company Competitors
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