March 25, 2009 PECO, the Philadelphia-based electric and natural gas utility subsidiary of Exelon Corporation, plans to invest roughly $400 million this year for infrastructure improvements and new facilities to improve service reliability, field productivity and system performance. The investments are also expected to improve energy efficiency at several company facilities.
Overall, the capital program consists of mainly transmission and distribution system performance work, capacity upgrades, corrective maintenance programs, relocation of utility facilities for public roadway or other projects, and new facilities to accommodate new residential, business or institutional construction.
The utility said many of its larger projects are planned and constructed over multiple years. About $142 million is allocated for the projects to modernize or replace older facilities and expand electric and gas capacity in certain communities due to increased energy consumption and local growth.
The total capital investment plan is about the same as last year, and spending still can be adjusted based on economic conditions, particularly impacts on new business activity and projected capacity expansion requirements and from stimulus programs, notes the utility.
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