April 30, 2026

PECO Drops Its Rate Hike Request. Here’s What That Means for Homeowners and Buyers in the Philadelphia Suburbs

By Josh McKnight | The McKnight Team PECO just blinked. Pennsylvania's largest utility company, which serves 1.7 million customers across southeastern Pennsylvania, had been seeking a 12.5% increase in residential electric rates and an 11.4% increase for residential natural gas customers. Under pressure from Governor Josh Shapiro and state legislators, PECO announced it is withdrawing both requests....