Peco Energy Company
06/25/2026 | Press release | Archived content
PECO Reaffirms Readiness and Urges Continued Negotiations Following Union Strike Announcement
For Immediate Release
PECO Reaffirms Readiness and Urges Continued Negotiations Following Union Strike Announcement
PHILADELPHIA
June 25, 2026
PECO Communications
PHILADELPHIA (June 25, 2026) - We understand IBEW Local 614 held an event today regarding its intent to strike. This is a disappointing development, particularly as our city and region are welcoming visitors from around the world for major events associated with the nation's 250th anniversary and the FIFA World Cup. These occasions represent a time for communities to come together in celebration and to recognize our nation's history. A potential work stoppage threatens to disrupt that spirit and experience for residents, businesses, and visitors.
Our customers, communities and partners across the region have been assured that we have comprehensive plans in place to maintain service continuity under any circumstance and will continue to prioritize safety for our employees, customers, and the public.
We continue to bargain in good faith with the union, and we have an upcoming negotiation date scheduled for July 2. We have also requested additional negotiation sessions and remain ready to meet at any time, including nights and weekends, but union leadership has refused to respond.
We have presented a strong, market-competitive proposal - including a nearly 20 percent increase in wages over five years, and enhanced retirement and medical benefits that support our employees while maintaining affordability for customers. A federal mediator has been assigned to help facilitate discussions, and we have encouraged using that process to move negotiations forward to help reach a fair and equitable agreement; however, the union has not agreed to participate. We are committed to engaging in good-faith negotiations to reach an agreement that is fair to our employees, while supporting the long-term needs of our customers and the communities we serve.
We encourage continued dialogue and hope the union will work with us to reach a mutually beneficial agreement.
PECO, founded in 1881, is Pennsylvania's largest electric and natural gas delivery company. Headquartered in Philadelphia, PECO delivers energy to nearly 1.7 million electric customers and more than 553,000 natural gas customers in southeastern Pennsylvania. The company's 3,000 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), a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities. For more information visit PECO.com, and connect with the company on Facebook, X, and Instagram.
Peco Energy Company published this content on June 25, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 06, 2026 at 09:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]