-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gf7dYLAv6y9ZwevcTSB6gHj0JzfmqeEMmMJQj6SbyFGce7ohU8rHIscKZr2ZMIUb EvXeWJCVdcdeVOqCMxM8bQ== 0000078100-98-000003.txt : 19980119 0000078100-98-000003.hdr.sgml : 19980119 ACCESSION NUMBER: 0000078100-98-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980115 ITEM INFORMATION: FILED AS OF DATE: 19980116 SROS: NYSE SROS: PHLX FILER: COMPANY DATA: COMPANY CONFORMED NAME: PECO ENERGY CO CENTRAL INDEX KEY: 0000078100 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 230970240 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01401 FILM NUMBER: 98508281 BUSINESS ADDRESS: STREET 1: 2301 MARKET ST STREET 2: P O BOX 8699 CITY: PHILADELPHIA STATE: PA ZIP: 19101 BUSINESS PHONE: 2158414000 FORMER COMPANY: FORMER CONFORMED NAME: PHILADELPHIA ELECTRIC CO DATE OF NAME CHANGE: 19920703 8-K 1 PECO ENERGY CO 01/15/98 8-K FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 15, 1998 PECO ENERGY COMPANY (Exact name of registrant as specified in its charter) PENNSYLVANIA 1-1401 23-0970240 (State or other (SEC (IRS Employer jurisdiction of file number) Identification incorporation) Number) 230l Market Street, Philadelphia, Pennsylvania 19101 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (215) 841-4000 Item 5. Other Events On January 15, 1998, the Pennsylvania Public Utility Commission (PUC) adopted several adjustments to the Company's restructuring plan approved last month. The PUC adopted the single modification subtracting $471 million and agreed with several other proposed adjustments which added $382 million, resulting in a $89 million net decrease. Under the action, the Company can recover $4.935 billion, or $89 million less than the $5.024 billion approved on December 11, 1997. The costs will be collected over 8-1/2 years, starting in 1999, through a competitive transition charge. The PUC adjustments were proposed in a motion by Commissioner John Hanger in response to petitions for reconsideration filed by the Company and several other parties to the restructuring case. The Company sought changes to the December order which would have added $629 million to, and subtracted $471 million from, its stranded cost award, for a net increase of $158 million. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PECO ENERGY COMPANY \S\ J. Barry Mitchell ----------------------- Vice President, Finance and Treasurer January 15, 1998 -----END PRIVACY-ENHANCED MESSAGE-----