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NITS Rate Information

On May 1, 2017, PECO filed a request with the Federal Energy Regulatory Commission (FERC) to begin implementation of a wholesale transmission formula rate. On June 27, 2017, PECO received FERC approval to begin the implementation of a wholesale transmission formula rate, beginning on December 1, 2017. The formula rate structure allows PECO to continue to invest in the transmission system, replacing equipment, upgrading infrastructure and modernizing the electric transmission system, enhancing communications networks, supporting critical infrastructure protection, and ensuring ongoing safe and reliable service for customers, while allowing PECO to receive current recovery of its costs and return on its system investments.

On May 10, 2019, PECO filed its transmission formula rate update as part of annual process to reconcile 2018’s rate to reflect any over or under recovery and to set the 2019’s rate based on projected costs. The new transmission rates will be in effect June 1, 2019 – May 31, 2020.

For access to this filing, please visit the PJM Interconnection Website at
http://www.pjm.com/markets-and-operations/billing-settlements-and-credit/formula-rates.aspx.

For information on the currently effective NITS rate, the Future NITS Rate filed with FERC as well as the effective date of the rate please see attached Future NITS Rate.

Note: During DSP IV, PECO will continue to be responsible for and recover Network Integration Transmission Service (“NITS”) and Non-Firm Point-to-Point Transmission costs associated with default service customers through its unbundled, bypassable Transmission Service Charge.