PA · electric · R-2024-3046931
Closed case·Complete·Authorized
The authorized stage shows the recurring $354 million revenue requirement and separately explains the temporary first-year credit.
PECO Electric requested approximately $464 million in additional annual revenue. The Commission approved a $354 million revenue-requirement increase, with a one-time $64 million 2025 credit reducing the first-year net increase to $290 million.
Jan 1, 2025
Not scheduled
Case stage
complete
Filed
Mar 28, 2024
Testimony
Not recorded
Hearings
Not recorded
Briefing
Not recorded
Decision
Dec 12, 2024
Rates effective
Jan 1, 2025
State rules
This docket is a full base-rate review. Selected charges can change on separate schedules without reopening every issue in this case.
Full base-rate review
No fixed recurring interval
A utility initiates a general rate increase by filing a new tariff. It cannot file another general increase for the same service until the prior request is decided or its maximum suspension period expires.
Rate period: Case-specific; Pennsylvania law sets the filing and decision clock rather than a standard single-year or multi-year plan.
Governing rule ↗Between full reviews
Distribution System Improvement Charge
Quarterly updates · annual reconciliation
An approved DSIC can recover eligible distribution investment between base-rate cases. The formula is updated quarterly and reconciled annually, subject to the utility's approved long-term infrastructure plan.
Governing source ↗Commission decision
Utility request and Commission-authorized outcome.
| Metric | Utility request | Authorized outcome | Like-for-like difference |
|---|---|---|---|
| Annual revenue increase | $464M Annual utility request | $354M Prior authorized observation · Dec 12, 2024 | +$110M |
| Rate base | Not available Not captured in current case sources | Not available Authorized value not captured | — |
| Return on equity | Not specified Total company rate-case request or Commission-authorized outcome · Dec 12, 2024 | Not specified Authorized return on common equity in the 2024 PECO Electric distribution settlement · Dec 12, 2024 | — Not compared: scope differ |
| Common equity ratio | Not available Not captured in current case sources | Not specified Authorized common-equity ratio in the 2024 PECO Electric distribution settlement · Dec 12, 2024 | — |
| Residential bill impact | Not available Not captured in current case sources | Not available Authorized value not captured | — |
Prior authorizations, mechanism values, actuals, and company projections are shown separately because they are not default like-for-like case comparisons.
Annual revenue change
authorized · Prior authorized observation · Nov 18, 2021
$132M
Large Load Coverage Status
disclosed actual · PECO Electric large-load coverage · Jul 14, 2026
general_tariff_only
Large Load Coverage Summary
disclosed actual · PECO Electric large-load coverage · Jul 14, 2026
The reviewed current PECO Electric Tariff No. 8 includes general commercial and industrial rate schedules. It does not identify a separate dedicated large-load or data-center schedule.
3 events · 1 document · 2 citations
Material filings, hearings, orders, and effective dates.
Mar 28, 2024
General rate application filed
official commission · completed
Dec 12, 2024
Commission approved settlement
official commission · completed
Jan 1, 2025
Authorized rates became effective
official commission · completed
Docket and evidence documents linked to this proceeding.
Exelon fourth-quarter 2024 earnings conference call presentation
evidence · primary · Feb 12, 2025
Field-level excerpts and review metadata supporting material facts.
Exelon fourth-quarter 2024 earnings conference call presentation
sec filing · Feb 12, 2025
Exelon fourth-quarter 2024 earnings conference call presentation
sec filing · Feb 12, 2025
Stage-preserving economics and party positions as published in the canonical record.
| Metric | Stage | Party | Period | Value | Evidence |
|---|---|---|---|---|---|
| Common equity ratio | authorized | party-commission | — | Not specified | |
| Annual revenue change | authorized | party-commission | — | $354M | |
| Annual revenue change | utility request | party-utility | — | $464M | |
| Rate base | disclosed actual | — | — | $8,855.6M | |
| Return on equity | authorized | party-commission | — | Not specified | |
| Return on equity | utility request | party-utility | — | Not specified |