FORM 8-K
SECURITIES AND EXCHANGE SEC
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report: July 22, 1996
PECO ENERGY COMPANY
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-1401 23-0970240
(State or other (SEC (IRS Employer
jurisdiction of file number) Identification
incorporation) Number)
230l Market Street, Philadelphia, Pennsylvania 19101
(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
On July 22, 1996, the Company was informed by Public Service
Electric and Gas Company (PSE&G) that Unit No. 2 at Salem
Generating Station was not expected to return to service
until late in the fourth quarter of 1996. Unit No. 2 was
scheduled to return to service on August 27, 1996. PSE&G
stated that, although substantial progress has been made,
some originally identified work needs to be completed and
additional work and testing not anticipated in PSE&G's
original schedule also needs to be completed.
The Company was also informed by PSE&G that acquisition of
unused steam generators from the unfinished Seabrook Nuclear
Unit No. 2 has been completed, and that removal of the
replacement steam generators began last week. PSE&G stated
that the replacement steam generators are expected to be
barged to Salem from New Hampshire by the end of October,
and that the change in the Unit No. 2 schedule was not
expected to impact the projected mid-1997 restart of Salem
Unit No. 1. PSE&G estimates that the steam generators,
including installation, will cost approximately $150 to $170
million. The Company's share will be approximately $64 to
$72 million.
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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\ J. B. Mitchell
Vice President - Finance
and Treasurer
July 22, 1996
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