This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

PECO Readies System To Meet Customer Demands This Winter

Stocks in this article: EXC

With colder weather just around the corner, PECO is nearly complete with the work necessary to ready its electric and natural gas system to ensure safe and reliable service for customers all winter long. This work helps ensure PECO is ready for the increased demand for natural gas that normally comes with winter weather, and to enhance electric distribution reliability and natural gas pipeline safety.

In a major component of its winter readiness work, PECO has secured its natural gas supply and completed filling its natural gas storage facilities to serve its more than 494,000 natural gas customers this heating season. To ensure supply and hedge against price fluctuations, PECO buys and stores about a third of its winter gas supply during the non-heating months.

As part of nearly $80 million the company is investing in its natural gas system this year, PECO has completed more than 25 capacity expansion projects, which included the replacement of about 25,000 feet of smaller underground gas main with larger diameter gas mains to handle increased load and pressure to meet the growing needs of customers. The company also completed 125 projects to replace more than 131,000 feet of cast iron and bare steel gas lines with plastic gas mains, which are more durable, easier to maintain, and more reliable.

“We are constantly investing in our system to ensure we meet the needs of our customers and to ensure we provide the reliable electric and natural gas service our customers have come to expect,” said Craig Adams, PECO President and CEO. “As we work to prepare for colder weather, we encourage our customers to do the same, by inspecting heating equipment to ensure safe and efficient operation.”

Before overnight temperatures begin to routinely dip into the 30s, PECO advises area homeowners to turn on their heaters and test the system to avoid any operating issues when it's really needed. As customers turn their home heating systems on, many report indoor gas odors or appliance malfunction. PECO also encourages customers to schedule a service call for their heater if the system hasn't been inspected and cleaned by a qualified service technician in the past two years. Regular service will ensure the heating system will operate safely and efficiently for the heating system ahead.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs