8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

March 3, 2010

Date of Report (Date of earliest event reported)

Commission File Number	Exact Name of Registrant as Specified in Its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone Number	IRS Employer Identification Number
000-16844	PECO ENERGY COMPANY (a Pennsylvania corporation) P.O. Box 8699 2301 Market Street Philadelphia, Pennsylvania 19101-8699 (215) 841-4000	23-0970240

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 – Other Events

Item 8.01. Other Events.

On March 3, 2010, PECO Energy Company (PECO) announced that it has entered into 10-year agreements to purchase 6 megawatts, or 80,000 solar energy credits, in support of Pennsylvania’s Alternative Energy Portfolio Standards. The purchases were made at an average price of $256.57 per megawatt hour. A copy of the press release announcing the solar energy credit purchases is attached as Exhibit 99.1.

Section 9 – Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press release

* * * * *

This Current Report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from these forward-looking statements include those discussed herein as well as those discussed in (1) PECO’s 2009 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 18; and (2) other factors discussed in filings with the Securities and Exchange Commission by PECO. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this Current Report. PECO undertakes no obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this Current Report.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PECO ENERGY COMPANY

/s/ Phillip S. Barnett

Phillip S. Barnett

Senior Vice President and Chief Financial Officer

PECO Energy Company

March 10, 2010

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release

EX-99.1

Exhibit 99.1

Contact:	Cathy Engel	FOR IMMEDIATE RELEASE
	PECO
	2301 Market Street, S14-1
	Philadelphia, PA 19103
	215-841-5555
	catherine.engel@peco-energy.com

PECO harnesses solar power

Company purchases 6 megawatts of solar credits

PHILADELPHIA (March 3, 2010) – PECO has signed 10-year agreements to purchase 6 megawatts, or 80,000 solar energy credits, in support of Pennsylvania’s Alternative Energy Portfolio Standards (AEPS). The purchases were made at an average price of $256.57 per megawatt hour.

Enough energy to power nearly 1,000 homes for 10 years, it would take about eight football fields of solar panels to produce the 6 megawatts purchased. Once complete, the company’s purchases could result in the same environmental benefit as planting more than 48,000 acres of trees or not driving more than 133 million miles.

The first utility in the state to buy and bank green energy credits, these solar purchases are in addition to more than 450,000 megawatt-hours of wind and other renewable energy credits already purchased by PECO since 2008.

“These purchases underscore our strong environmental focus and commitment to renewable energy for our customers,” said Denis P. O’Brien, PECO president and CEO. “By acting now PECO is helping to increase demand for renewable energy resources and promote clean energy technologies.”

The AEPS legislation requires that by 2011, 3.5 percent of the energy sold to PECO customers is generated from renewable resources such as wind, landfill gas, and solar. These requirements are measured by renewable energy credits. Credits are sold by electric generators on a one-to-one basis each time they produce one megawatt-hour of renewable energy.

PECO’s support of alternative energy is part of a broader environmental initiative to preserve the environment and help customers become more environmentally responsible. Totaling more than $15.3 million of work, the comprehensive program also includes the installation of a green roof and new energy efficient Crown Lights system at the company’s Center City headquarters; the opening of PECO’s first ‘green building’ in West Chester, recently awarded silver certification for Leadership in Energy and Environmental Design (LEED); improvements to secure LEED certification for many other company work sites; the increased use of hybrid and biodiesel vehicles; support for community environmental projects; and enhanced tools and programs to help customers use energy more efficiently.

-MORE-

Solar Credit Purchase Release

PECO’s efforts are a component of Exelon 2020: A Low-Carbon Roadmap, the comprehensive environmental plan of PECO’s parent company. Exelon 2020 sets the goal of reducing, offsetting or displacing more than 15 million metric tons of greenhouse gas emissions per year by 2020. This is more than the company’s 2001 carbon footprint and is equivalent to taking nearly 3 million cars off American roads and highways.

PECO completed the solar credit purchase through a competitive Request for Proposal (RFP) process launched in October 2009. The RFP process was overseen by independent monitor Navigant Consulting, and approved by the Pennsylvania Public Utility Commission (PUC).

For more information visit www.peco.com/AEPS.

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Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation (NYSE: EXC). PECO serves 1.6 million electric and 486,000 natural gas customers in southeastern Pennsylvania and employs about 2,400 people in the region. PECO delivered 84.3 billion cubic feet of natural gas and 38.1 billion kilowatt-hours of electricity in 2009. Founded in 1881, PECO is one of the Greater Philadelphia Region’s most active corporate citizens, providing leadership, volunteer and financial support to numerous arts and culture, education, environmental, economic development and community programs and organizations.

If you are a member of the media and would like to receive PECO news releases via e-mail please send your e-mail address to PECO.Communication@exeloncorp.com

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