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PECO Withdraws Rate Hikes After Governor's Opposition

4/17/2026

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Summary

Story summary

PECO Energy Company (utility) withdrew its proposed 2027 electric and natural gas rate increases, which would raise bills by about $34 per month.
The withdrawal followed discussions with Pennsylvania Governor Josh Shapiro, who opposed the hikes and called them "pure greed."
PECO aimed to fund infrastructure with a 12.5% electric and 11.4% gas increase.
Local lawmakers urged the Pennsylvania Public Utility Commission to reject the plan.

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Story summary

PECO Energy Company (utility) withdrew its proposed 2027 electric and natural gas rate increases, which would raise bills by about $34 per month.
The withdrawal followed discussions with Pennsylvania Governor Josh Shapiro, who opposed the hikes and called them "pure greed."
PECO aimed to fund infrastructure with a 12.5% electric and 11.4% gas increase.
Local lawmakers urged the Pennsylvania Public Utility Commission to reject the plan.