Completion of two reliability projects to benefit Bucks County customers

PHILADELPHIA, Penn., April 22, 2002 — PECO Energy Co. said it has recently completed two local projects that will benefit thousands of customers in Bucks County.

The projects are among numerous initiatives funded by nearly $40 million to upgrade equipment, improve system performance, and enhance electric service reliability in the county this year.

Denis O’Brien, PECO vice president, Operations, said the projects are wide-ranging in scope and will involve deployment of new technology, address older facilities, meet increasing demand in certain areas experiencing growth, and enhance our overall reliability. The strategic investment program represents the Company’s largest-ever capital plan “to ensure we can serve our customers well during this year and in the years ahead,” he said.

PECO said the largest share of capital funds is set aside for improvements at its Buckingham substation and will rearrange the configuration of the distribution circuits that serve customers in Solebury, Warwick, Wrightstown, and Upper Makefield. The Company also plans some equipment upgrades at the Doylestown substation. This work will be ongoing through early June.

Earlier this month, the Company completed an eight-week, nearly $400,000 project to boost power supply and relieve load on local circuits serving customers in Richboro, Churchville, Newtown, Yardley, and Langhorne. In this project, crews installed some new aerial lines and upgraded transformers and other equipment.

In Neshaminy Valley, PECO also finished installation of new underground cable in the four-month last phase of a three-year project that cost nearly $2 million. The replaced cable will significantly minimize power outages for local residents.

Additionally, crews are adding “reclosers” to five circuits that serve customers in Trevose, Feasterville, Croydon, Eddington, and Falls that will allow system operators to more easily detect and isolate any trouble, such as a vehicle accident, fallen tree or lightning, and remotely restore power with only minimal service interruptions.

Furthermore, more than two dozen tree trimming crews will be working this spring on clearing limbs around aerial power lines in several Bucks County communities, such as Warrington, Chalfont, New Britain, Warminster, Bensalem, and Bristol. The patrols are critical to identify trees that could possibly interfere with overhead power lines. Property owners in affected areas will be notified in advance of crews working in their vicinity.

PECO also has planned two projects at a cost of $520,000 to boost natural gas supply for Bristol and Doylestown boroughs. Larger gas lines will be installed later this year along Radcliffe Street in Bristol and West State Street in Doylestown to meet increasing demand in the area.

PECO delivers electricity to 235,000 customers and natural gas to nearly 75,000 customers in Bucks County.

PECO, an Exelon Company, delivers electricity to 1.52 million customers and natural gas to 442,000 customers in southeastern Pennsylvania. Its parent, Exelon Corporation, is one of the largest energy service companies in the U.S. with the largest utility customer base, one of the largest power generation fleets and a wholesale energy marketing operation in North America. In 2001, PECO delivered 35.1 million megawatt hours of electricity and 81.5 billion cubic feet of natural gas, generating $3.9 billion in revenue for Exelon.

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