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Peco

All articles tagged with #peco

labor7 days ago•23 min saved

PECO strike ends as union wins pension benefits for newer hires

PECO workers ended a three-day strike after a tentative five-year contract that includes pensions and retirement health benefits for newer hires, 4% annual raises for linemen and gas technicians (4 years) plus 4.5% in year five, and 3% per year for call-center staff; the agreement also adds 24-hour overtime notice and upgraded pay. The 1,600-member IBEW Local 614 workforce will vote to ratify, ending PECO’s first strike in its 145-year history amid heat, outages, and widespread restoration efforts. PECO profits reportedly rose after 2025 rate hikes.

via WHYY|

#ibew614 #labor #peco

business10 days ago•5 min saved

PECO strike heads into second day as assault allegations surface

The first PECO strike in the company’s 145-year history moved into its second day after about 1,600 workers walked off due to stalled negotiations; the union alleges assaults on picketers in Philadelphia and Chester County, while PECO says the claims are false and a federal mediator is helping facilitate talks.

via NBC10 Philadelphia|

#business #chester-county #ibew-local-614

business10 days ago•24 min saved

PECO Workers Stage First-Ever Strike Over Wages and Benefits

PECO’s 1,600 unionized workers launched the utility’s first-ever strike after negotiations collapsed; the IBEW Local 614 says PECO offered about a 20% wage hike over five years plus enhanced retirement and medical benefits, but the union contends wages run roughly 30% below peers and is pressing for pension and health benefits for newer hires and a retirement policy based on gross payroll. PECO says it will maintain service during the walkout amid a July heat wave, and the strike has drawn cross-union support with reports of alleged assaults on workers that the company denies.

via WHYY|

#benefits #business #ibew-local-614

business11 days ago•3 min saved

Philly-area PECO workers strike amid heat wave after stalled contract talks

About 1,600 PECO workers represented by IBEW Local 614 walked off the job at 12:01 a.m. Saturday after negotiations failed to produce a contract, launching a strike during a holiday weekend and ongoing heat wave. The union seeks wages aligned with industry standards, a universal pension, retirement medical benefits, and a unified contract; PECO says it has offered a market-competitive package with nearly a 20% wage increase over five years and enhanced benefits, and a federal mediator has been assigned though the union has not agreed to participate. Both sides say they will continue talks to reach a fair agreement, with PECO maintaining operations through contingency plans.

via 6abc Philadelphia|

#business #ibew #labor

business19 days ago•26 min saved

PECO union warns of Fourth of July strike amid stalled contract talks

IBEW Local 614 says roughly 1,600 PECO workers will strike on July 4 if a contract isn’t reached after five months of negotiations, citing unresolved issues over wages and benefits. The union claims PECO pays about 30% less than peers, while the company says its offer is fair and plans to use trained contractors if a work stoppage occurs. Talks resume July 2 with a federal mediator involved; both sides have filed unfair-labor-practice complaints. A PECO strike would be PECO's first in 145 years and could impact service to about 1.7 million electric and 550,000 gas customers in the Philadelphia region, amid broader Exelon-profit growth.

via WHYY|

#business #exelon #ibew614

business2 months ago•23 min saved

PECO withdraws rate hike plan after backlash from Pa. leaders

PECO pulled its proposed electric and natural gas rate increases after pressure from Governor Josh Shapiro and Pennsylvania lawmakers, citing affordability concerns for about 1.7 million customers. The plan would have raised electric bills by roughly $20/month and gas by about $14.50/month (potentially starting in 2027 with 12.5% electric and 11.4% gas hikes). Critics highlighted PECO’s 2025 profits (net income up 47.7% to $814 million under Exelon) and consumer disconnections, while the utility said it will revisit investments and work with stakeholders to address high energy costs at a later date.

via WHYY|

#affordability #business #josh-shapiro

weather2 years ago•1 min saved

Widespread Power Outages and Storm Damage Sweep Philadelphia Region

Severe storms have caused power outages across the Philadelphia region, with thousands of customers affected. PECO reports that over 82,000 customers are without power, with the highest numbers in Chester County. Additionally, Delmarva states that over 22,000 customers in New Castle County, Delaware, are without power. In New Jersey, PSEG and Atlantic City Electric report thousands of customers without power in various counties. Residents are advised to keep refrigerators closed to preserve food.

via CBS Philly|

#delaware-valley #peco #philadelphia

transportation3 years ago•0 min saved

Severe storms cause Amtrak and SEPTA service cancellations in Philadelphia and Harrisburg.

SEPTA officials have canceled services for the Paoli-Thorndale Line for the rest of Sunday due to downed wires caused by severe storms. PECO is currently on the scene making repairs, and normal operations are expected to resume for the Monday morning commute. Riders should check online for updates.

via WPVI-TV|

#downed-wires #paoli-thorndale-line #peco