PECO ENERGY CO
8-K, 1999-03-08
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: March 8, 1999


                               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
As previously  reported in the Company's  Quarterly  Report on Form 10-Q for the
quarter ended September 30, 1998, an intervenor brought an action asserting that
Pennsylvania's  Electricity  Generation  Customer  Choice  and  Competition  Act
violated the Commerce Clause of the United States Constitution.  On May 7, 1998,
the  Commonwealth  Court of  Pennsylvania  unanimously  rejected  the claim.  On
September 29, 1998, the Supreme Court of  Pennsylvania  denied the  intervenor's
petition for allowance of an appeal.  On December 28, 1998, the intervenor filed
a petition for certiorari with the United States Supreme Court, which was denied
on March 8, 1999.



<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\ Jean H. Gibson
                                         Vice President & Controller

March 8, 1999



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