The settlement reflects a $20m overall increase in natural gas delivery rates and a $225m increase in electric delivery rates.
The company now estimates that total prices for residential electric customers will increase less than 10%, and for the typical residential electric customer, the increase will be less than $8 per month.
Costs for its residential natural gas customers are now expected to increase about 8%, and for the typical residential natural gas customer, the increase will be less than $8 per month.
Peco president and CEO Denis O’Brien said that the settlements will help the company continue to provide reliable gas and electric service and quality customer care while also managing the impact of these changes to its customers.
