NOTEWORTHY NEWS

PECO Recognized as One of the Top 10 Utilities for Economic Development
Industry-leading publication highlights capital investments and job creation in southeastern PA

Site Selection magazine has named PECO to its annual list of Top 10 Utilities in Economic Development for 2017. The publication cites more than 50 business attraction and expansion projects involving new construction and renovations in PECO’s southeastern Pennsylvania service territory in 2016, which is the result of a collaborative effort of economic and business development partnerships to facilitate local growth.  

At the center of this winning strategy is PECO’s internal “rapid response” program, which provides hands-on, personalized guidance to interested parties interested in relocating their business by bringing together all utility business unit partners – from operations to capacity planning, to regulatory – very early in the process to expedite cost, engineering information and innovation to support the prospect’s decision to locate in southeastern Pennsylvania.   

“We continue to strengthen our partnerships with our local, state, and regional economic development stakeholders, such as the Pennsylvania Governor’s Action Team and Select Greater Philadelphia,” said Liz Murphy, PECO senior vice president of Regulatory and External Affairs. “This recognition highlights our dedicated work to stimulate investment, growth, and job creation throughout southeastern Pennsylvania.”

“Anytime there is a corporate real estate project, it is vital for utilities to be present, and PECO is one of our strongest allies,” said Matt Cabrey, Executive Director of Select Greater Philadelphia. “We know that electric reliability, proximity to an affordable natural gas, and utility costs are critical factors in the development process, and PECO excels at providing customized information quickly and accurately.”     

This is the eighth time that PECO has been recognized by Site Selection for its economic development efforts. 

To read the full article, go to https://siteselection.com/issues/2017/sep/top-utilities-decision-enhancers.cfm 

PECO, founded in 1881, is Pennsylvania’s largest electric and natural gas utility.  Headquartered in Philadelphia, PECO delivers energy to more than 1.6 million electric customers and more than 516,000 natural gas customers in southeastern, Pennsylvania. The company’s 2,500 employees are dedicated to the safe and reliable delivery of electricity and natural gas as well as enhanced energy management conservation, environmental stewardship and community assistance.  PECO was named 2017 Best Mid-size Employer in Philadelphia by Forbes Magazine. The company also has an estimated annual economic impact of $4.3 billion in Pennsylvania, supporting more than 8,700 local jobs and producing $732 million in labor income. PECO is a subsidiary of Exelon Corporation (NYSE: EXC), the nation’s only Fortune 100 utility and leading competitive energy provider. For more information visit PECO.com, and connect with the company on Facebook and Twitter.

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