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PECO, formerly the Philadelphia Electric Company, is an energy company founded in 1881 and incorporated in 1929. [1] It became part of Exelon Corporation in 2000 when it merged with Commonwealth Edison's holding company Unicom Corp. The company has approximately 2,300 employees; its call center and field craft personnel are members of IBEW ...
O'Connor stepped down as CEO in 1998 due to under-performance and was replaced by John W. Rowe who assumed the position of CEO, chairman and president of the company. [5] In September 1999, Unicom announced a planned $16 billion merger with PECO Energy Company. [6] The merger was completed on October 23, 2000 and formed Exelon Corporation.
[7] [8] On March 12, 2012, Exelon acquired Constellation Energy, with the combined company owning more than 34 gigawatts of power generation (55% nuclear, 24% natural gas, 8% renewable including hydro, 7% oil and 6% coal). [9] [10] Exelon announced the proposed purchase of Pepco Holdings on April 30, 2014, for $6.8 billion in an all-cash ...
Electricity and natural gas in Bensalem Township is provided by PECO Energy Company, a subsidiary of Exelon. [37] [38] [39] Water in the township is provided by Aqua Pennsylvania, a subsidiary of Aqua America, while sewer service is provided by the Bucks County Water & Sewer Authority; Bensalem sold off its water and sewer system in 1999.
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