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PECO FILES FOR $100 MILLION CUT IN ELECTRIC RATES; THIRD IN A YEAR TOTALLING 10 PERCENT

 /REPEAT FROM YESTERDAY FOR NEEDED POINTS/
 PHILADELPHIA, March 4 /PRNewswire/ -- Philadelphia Electric Company


(NYSE: PE) (PE) has filed with the state Public Utility Commission (PUC) for a $100.2 million electric rate reduction, representing a 2.8 percent decrease in rates for PECO electric customers.
 The request, if approved by the PUC, would reduce the typical monthly residential customer bill by $2.00 to $68.42, effective April 1.
 The proposed rate change would be the third consecutive drop in customer rates in a year for a total of 10 percent. Combined with rate reductions of April 1, 1992, and Jan. 1 this year, this change would provide PECO electric customers total savings of $7.65 a month -- or more than $90 a year -- on the typical residential bill.
 The filing with the PUC requests an adjustment in the energy cost portion of a customer bill. The Energy Cost Adjustment is revised annually and enables utilities to reconcile higher or lower fuel costs for generation of electricity.
 Joseph F. Paquette, Jr., chairman and CEO, said the proposed reduction results from lower-than-projected fuel costs in 1992, which is in part attributed to improved performance at the company's nuclear plants. The reduction will not impact the company's earnings.
 PECO said its six nuclear units contributed more than 58 percent of the company's total electric production in 1992. Unit 2 at the Limerick Generating Station led the PECO nuclear fleet in a record-setting year. With a 92 percent capacity factor, and generating more than 8.5 billion kilowatt-hours of electricity, Limerick 2 was one of the most reliable and productive generating units in the U.S. and the best among boiling water reactors in the world last year.
 /delval/
 -0- 3/4/92
 /CONTACT: Michael Wood of Philadelphia Electric, 215-841-4125/
 (PE)


CO: Philadelphia Electric Company; Public Utility Commission ST: Pennsylvania IN: UTI SU:

JS -- PH009 -- 3288 03/05/93 03:45 EST
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Date:Mar 5, 1993
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