Under the previously announced agreement, approximately 300,000 residential consumers were randomly selected to participate in this program and will soon enjoy electricity at a discount to PECO’s current rates. The New Power Company is the electricity supplier that will purchase the power to make this discount possible. PECO will continue to transmit customers’ electricity, provide customer service and emergency service, and distribute customers’ monthly bills.
CHICAGO–(BU.S.INESS WIRE)–Jan. 12, 2001–Fitch has changed Edison Funding Co.’s (EFC) Rating Watch Status to Evolving from Negative following similar actions taken by Fitch for Southern California Edison Co. (SCE) and Edison International (EIX).