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Pennsylvania Public Utility Panel Approves Customer Transfer to Peco Energy.

Knight Ridder/Tribune Business News

| April 12, 2002 | COPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Benjamin Y. Lowe, The Philadelphia Inquirer Knight Ridder/Tribune Business News

Apr. 12--State regulators yesterday approved the transfer of 180,000 NewPower Holdings Inc. customers to Peco Energy Co.

The Pennsylvania Public Utility Commission also approved a $36 million emergency rate increase for the Philadelphia Gas Works. The increase takes effect today and will boost the average customer's bill by $5.83 per month, or $70 annually.

In the Peco case, the commission allowed the Philadelphia utility to charge NewPower customers the same electric rate they had been paying until July 2004. The switch, which creates two levels of Peco ...

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