Pennsylvania PUC approves PECO’s long-term infrastructure improvement plan
The Pennsylvania Public Utility Commission approved PECO’s, the Philadelphia Electric Company’s, Electric Long-Term Infrastructure Improvement Plan (LTIIP) to enhance customers’ service reliability.
PECO’s plan calls for the investment of $1.36 billion on targeted reliability-focused electric system infrastructure investments from 2021 through 2025. These investments are focused on preventing customer outages, modernizing the electric grid, and reducing the impact of extreme weather on electric infrastructure.
Over the next five years, PECO will be investing approximately $6 billion across its electric and natural gas systems to inspect equipment, complete targeted system enhancements and corrective maintenance, invest in new equipment, and perform vegetation management.
“Our customers are counting on us to deliver safe and reliable electric service, and the COVID-19 pandemic has underscored how critical continued electric service is for the region,” PECO President & CEO Mike Innocenzo said. “The targeted system enhancements in this plan will help strengthen the electric system to better withstand more frequent and damaging storms, deliver enhanced reliability for our customers, and enable the adoption of clean energy resources.”
The plan will focus on three priority areas: preventing storm-related outages, replacing electric cable, and replacing or retiring aging substation equipment and small substations. The plan also states that the system improvements will pave the way for additional clean energy resources, like solar, and support vehicle electrification throughout the service territory.
