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NEW PECO TARIFF AIMS TO ENCOURAGE EXPANDED OPERATION AT PORT OF PHILADELPHIA

 PHILADELPHIA, June 4 /PRNewswire/ -- Philadelphia Electric Company (NYSE: PE)(PECO) has filed a new electric service tariff with the Pennsylvania Public Utility Commission (PUC) that extends a rate incentive intended to promote expansion at the Port of Philadelphia.
 The new tariff broadens the eligibility of certain customers for rate incentives.
 PECO said it already offers an Employment and Economic Recovery Rider, a rate incentive for new or expanding manufacturing customers that is aimed at encouraging job creation and economic development in the region.
 Under the new tariff, the Company extends the rider to stevedoring operations, which involve the loading and unloading of ships.
 Joseph F. Paquette Jr., PECO chairman and chief executive officer, said, "Stevedoring is a highly competitive business that is labor and energy intensive. This rate incentive is an effort to help the Port attract additional business to Philadelphia."
 PECO said it also filed a new Electric Vehicle Rider that would offer a discount for energy used for electric vehicles. The experimental rider is intended to encourage the use of non-polluting electric vehicles.
 PECO provides 14 service rates and 19 various riders, or modifications, for its residential, commercial, and industrial customers.
 The new tariff will take effect July 31, unless exceptions are filed by the PUC or another party. Additional information is available at PECO's Center City headquarters, 2301 Market St., Philadelphia.
 /delval/
 -0- 6/4/93
 /CONTACT: Michael Wood of Philadelphia Electric, 215-841-4125/
 (PE)


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

MJ -- PH030 -- 5561 06/04/93 15:51 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
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