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 March 18, 1994
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PECO ENERGY COMPANY (formerly known as Philadelphia Electric Company)
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(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-1401 23-0970240
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) file number) Identification
Number)
2301 Market Street, Philadelphia, Pennsylvania 19103
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (215) 841-4000
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ITEM 5. OTHER EVENTS
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On March 18, 1994, the Company advised its employees that, in order to
position the Company to meet the challenges of an increasingly competitive
electric utility industry, management is considering a program to offer
financial incentives to eligible employees who voluntarily retire or otherwise
elect to terminate employment during a specific period of time. Although
management is reviewing a number of alternatives, no recommendation has been
presented to the Board of Directors for its consideration. A recommendation
is expected to be made to the Board of Directors in April. If the Board of
Directors were to approve a voluntary incentive plan, the Company would expect
to incur a one-time charge against earnings to reflect the cost of that plan.
The amount and timing of such a charge would depend upon the plan approved by
the Board of Directors and the timing of such approval.
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SIGNATURES
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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
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/s/ M.W. Rimerman
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M. W. Rimerman
Vice President - Finance
and Treasurer
March 25, 1994
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