FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report: June 23, 1997
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 June 23, 1997, the Company issued the following press release:
"FOR IMMEDIATE RELEASE
June 23, 1997
CONTACT
Neil Mc Dermott (215) 841-4122
PECO ENERGY AUTHORIZES REPURCHASE OF COMMON STOCK
PECO Energy Company's Board of Directors authorized the repurchase of up to
twenty million shares of its common stock from time to time in open market,
privately negotiated and/or other types of transactions in conformity with the
rules of the Securities and Exchange Commission. This authorization is in
addition to the authorization granted by the Board in April 1997 to repurchase
up to five million shares of common stock. Pursuant to the April authorization,
the Company has entered into a forward transaction permitting it to acquire five
million shares of its common stock."
* * * *
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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
June 23, 1997
