PECO ENERGY CO
8-K, 1998-01-23
ELECTRIC & OTHER SERVICES COMBINED
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                                    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: January 23, 1998




                               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



<PAGE>


Item 5.  Other Events

On January 22, 1998, the Company filed two Petitions for Review in  Commonwealth
Court of Pennsylvania  (Commonwealth  Court),  appealing the Pennsylvania Public
Utility  Commission's  Restructuring Orders of December 23, 1997 and January 16,
1998. The Company did not, as had been anticipated by the Company in its Current
Report on Form 8-K dated January 22, 1998, file an Original  Jurisdiction Action
with the Commonwealth Court.








<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\ J. Barry Mitchell
                                                         -----------------------
                                                         Vice President, Finance
                                                                   and Treasurer

January 23, 1998










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