Peco rate cuts fail to impress some officials

Article Abstract:

Philadelphia, Penn.-based Peco Energy Co., which is attempting to gain regulatory approval from the state Public Utility Commission and federal agencies for its proposed merger with Chicago's Unicom Corp., has announced a rate cut of $200 million. The rate cut would reduce residential bills by 2.7% in both 2002 and 2003 and 1.8% in both 2004 and 2005.

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Job cuts in Peco merger top Phila. lawmakers' concerns

Article Abstract:

Philadelphia, Penn.-based Peco Energy Co., which is seeking regulatory approval for its proposed merger with Chicago's Unicom Corp., has announced a $200 million rate cut to be implemented over four years. Peco Energy also promised 1,250 guaranteed jobs for the Philadelphia area at its Market Street headquarters.

Asset sales & divestitures

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Merger plan improves Peco image

Article Abstract:

Peco Energy Co. has announced a proposed merger with Chicago, Ill.-based Unicom Corp. The merger, which would result in a company called Exelon Corp., would create the country's largest electric utility with $12 billion in annual sales and 5 million customers.

Organizational nomenclature, Exelon Corp.

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