PECO Unveils Small Business Gas Grant Program, Assisting Customers Affected by the COVID-19 Pandemic

PHILADELPHIA (December 1, 2021) - PECO understands that small businesses in the Greater Philadelphia region have been significantly impacted economically as a result of the ongoing COVID-19 pandemic. Support for our customers becomes even more important as energy bills are expected to rise nationally this winter season.

A newly created Small Business Gas Grant Program, which goes into effect on December 1, will aid 900 local companies as they continue to attempt to recover from the impacts of the ongoing health crisis. The program will award $450,000 as grants for small business customers in need, on a first-come, first-considered basis.

Qualifying small business customers enduring financial hardship can now apply to receive a one-time grant of $500 to be used towards their existing PECO natural gas account. The grant will be applied directly to the customer's bill and will lower current outstanding balances or provide a credit for future charges.

"At PECO, we're committed to supporting our customers through the COVID-19 pandemic and the Small Business Gas Grant Program is one of the many ways we're achieving that goal," said Mike Innocenzo, PECO President and CEO. "With this new program, we will continue to support local businesses on their road to recovery, while delivering safe and reliable service and helping customers save energy and money."

Eligible applicants for the Small Business Gas Grant Program can apply now at www.peco.com/gasgrant. Businesses must be an existing PECO natural gas customers prior to March 31, 2020 with an account in the name of the business, be on PECO's GC [AL1] (Gas Commercial Service) rate, have less than 25 total employees, and are required to attest to having experienced a financial hardship due to the COVID-19 pandemic.

To learn about Energy Efficiency savings opportunities for small businesses, visit peco.com/waystosave or call 844-424-9728.

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PECO, founded in 1881, is Pennsylvania's largest electric and natural gas utility. Headquartered in Philadelphia, PECO delivers energy to more than 1.6 million electric customers and more than 532,000 natural gas customers in southeastern Pennsylvania. The company's 2,900 employees are dedicated to the safe and reliable delivery of electricity and natural gas as well as enhanced energy management conservation, environmental stewardship, and community assistance. PECO is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's only Fortune 100 utility and leading competitive energy provider. For more information visit PECO.com, and connect with the company on Facebook and Twitter.