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 15, 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
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Item 5. Other Events
On January 15, 1998, the Pennsylvania Public Utility Commission (PUC) adopted
several adjustments to the Company's restructuring plan approved last month. The
PUC adopted the single modification subtracting $471 million and agreed with
several other proposed adjustments which added $382 million, resulting in a $89
million net decrease.
Under the action, the Company can recover $4.935 billion, or $89 million less
than the $5.024 billion approved on December 11, 1997. The costs will be
collected over 8-1/2 years, starting in 1999, through a competitive transition
charge.
The PUC adjustments were proposed in a motion by Commissioner John Hanger in
response to petitions for reconsideration filed by the Company and several other
parties to the restructuring case. The Company sought changes to the December
order which would have added $629 million to, and subtracted $471 million from,
its stranded cost award, for a net increase of $158 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. Barry Mitchell
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Vice President, Finance
and Treasurer
January 15, 1998
