BUCKS COUNTY– Sen. Farry (R-6) and state Reps. Hogan, Labs, Marcell and Tomlinson announced today that following discussions with PECO officials, PECO will withdraw its request before the Public Utility Commission to increase costs for ratepayers.
On April 2, the legislators sent a letter to PECO officials urging them to reconsider their proposal, citing concerns that it would place additional financial strain on residents already facing high utility costs.
The lawmakers noted that 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 2025.
Despite this, PECO had been 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.
“We understand that an improved and reliable grid is critical to the success of our community, but a rate increase right now is unacceptable,” said Farry. “Increasing electric costs by 12.5% and natural gas costs by 11.4% would negatively impact the families we represent. We are glad that PECO has decided to withdraw its proposal and is putting affordability first.”
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