PECO has once again been recognized as a national leader for its work to drive economic growth and job creation across southeastern Pennsylvania, according to new rankings by Site Selection magazine.
Based on responses to an annual survey and research by Site Selection staff among utilities with active economic development departments, PECO has been named one of the Top U.S. Utilities in Economic Development.
Companies were evaluated based on a points system, awarding points on a cumulative and per-capita basis for the number of corporate facility investment projects attracted in the utility’s service area and the capital investment and job creation numbers affiliated with those investments across all facility types (manufacturing and industrial, office, data center, R&D, etc.).
This is the 15th time that PECO has received this recognition — a testament to the company’s continued strong performance in reliability experienced by more than 1.7 million electric customers and 553,000 natural gas customers across the Greater Philadelphia region. In 2024 alone, PECO helped secure 16 new commercial projects that are collectively set to add 7,505 jobs and more than $21.18 billion in local investment.
This recognition was achieved as a result of the contributions of PECO’s Economic Development team and its ongoing collaboration with regional economic development organizations to raise the profile of the Greater Philadelphia region as a destination for new and expanding businesses.
“At PECO, our commitment to the Greater Philadelphia region goes far beyond delivering reliable energy,” said Carolina DiGiorgio, PECO’s Vice President of Governmental and External Affairs. “We’re actively forging new collaborations, staying ahead of industry trends, and investing in the infrastructure that empowers businesses to thrive and grow throughout southeastern Pennsylvania.”
In this year’s rankings, Site Selection notes PECO’s novel ways to support prospective developers, allowing them to seamlessly interact with the company for a variety of requests to bring projects to completion. The company’s efforts to make use of underutilized land in underserved areas was also recognized, along with PECO’s continued infrastructure investments to support unprecedented power demand from data centers, electric vehicle charging, and others.
“With projects that brought in over 7,500 new jobs and more than $21 billion in capital investment from corporate end users, it’s evident how on the ball PECO’s economic development team was last year,” said Adam Bruns, Editor in Chief of Site Selection. “And just like another Exelon top utility this year — ComEd in Chicago — the overall PECO team is top-notch when it comes to preparing for and responding to an unprecedented number of large load requests. Combine that with the day-to-day work of community and customer engagement and workforce development, and it’s easy to see why PECO is a dynamic economic development partner for not only the region but the Commonwealth.”
“When it comes to business attraction and expansion, having a reputable utility provider in your area is crucial,” said James Medaglio, Vice President of Business Attraction & Expansion for the Chamber of Commerce for Greater Philadelphia. “PECO, and their amazing economic development team, are true regional partners that consistently and quickly collaborate with economic developers and private companies to make southeastern Pennsylvania a great place to do business.”
PECO is part of the Exelon Corporation, one of the nation’s largest utility companies serving more than 10.7 customers nationally. This recognition is a testament to the performance Exelon delivers to customers and is attributed to the investments that are being made across the system — including northern Illinois and southeastern Pennsylvania — to ensure continued customer reliability in the face of extreme weather events and to prepare businesses and families for the cleaner energy transition.
Read more about the 2025 Top Utilities in Site Selection magazine.
