PECO ENERGY CO
8-K, 1994-10-14
ELECTRIC & OTHER SERVICES COMBINED
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                               FORM 8-K





                  SECURITIES AND EXCHANGE COMMISSION



                        Washington, D.C.  20549

                            CURRENT REPORT


           Pursuant to Section 13 or 15(d) of the Securities
                         Exchange Act of 1934



Date of Report               October 13, 1994                      



                           PECO ENERGY COMPANY                           
        (Exact name of registrant as specified in its charter)



       PENNSYLVANIA                1-1401                23-0970240    
(State or other jurisdiction      (Commission           (IRS Employer
       or incorporation)           file number)         Identification
                                                            Number)





 230l Market Street, Philadelphia, Pennsylvania          19101         
 (Address of principal executive offices)              (Zip Code)



Registrant's telephone number, including area code:    (215) 841-4000  
<PAGE>
ITEM 5.  OTHER EVENTS

As previously reported in the Company's Current Report on Form 8-K dated
October 7, 1994, on October 6, 1994, the Company, the Office of Consumer
Advocate and a coalition of large industrial customers filed a Joint Petition
for Settlement (Joint Petition) to resolve all issues presented in the
Company's rate proceeding to recover the costs associated with the
implementation of Statement of Financial Accounting Standards No. 106,
"Employers' Accounting for Postretirement Benefits Other Than Pensions" and
the appeal thereof.

On October 13, 1994, the Pennsylvania Public Utility Commission (PUC) voted to
issue a tentative order approving the Joint Petition.  The PUC's tentative
order will become final on November 2, 1994, barring the receipt of any
objections.  Under the Joint Petition, among other things, the Company will be
permitted to increase rates by $25 million per year, effective January 1,
1995.
<PAGE>













                      SIGNATURES




     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.






                                     PECO ENERGY COMPANY






                                     /S/ M. W. RIMERMAN         

                                         M. W. Rimerman
                                   
                                   Vice President - Finance
                                         and Treasurer     


        October 13, 1994



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