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Peco seeks electric rate hike that would boost bills by 9.65%, citing grid costs and COVID-19

The Philadelphia utility said the increase is needed to pay for billions of dollars in investment to modernize the grid and meet clean energy demands, including more electric vehicle charging.

Peco workers investigate an outage in underground cable at Fourth and Market Streets in 2019. The Philadelphia utility is seeking a rate increase partly to fund a significant increase in infrastructure spending.
Peco workers investigate an outage in underground cable at Fourth and Market Streets in 2019. The Philadelphia utility is seeking a rate increase partly to fund a significant increase in infrastructure spending.Read moreTYGER WILLIAMS / Staff Photographer