Philadelphia Electric Company stock certificate 1975

Great PECO stock collectible with a nice vignette of an allegorical female holding the company logo and a gas torch in front of the Philly skyline, atomic symbol to the right.  Issued and cancelled, dated 1975.

PECO, formerly the Philadelphia Electric Company, is an energy company founded in 1881 and incorporated in 1929. It became part of Exelon Corporation in 2000 when it merged with Unicom. Philadelphia Electric Company (PECO) is one of the oldest and largest utility companies in the United States, and a leading producer of nuclear power. A total of 65% of its power output is generated by its three nuclear power plants at Limerick and Peach Bottom, Pennsylvania, and Salem, New Jersey, compared to 20% for the United States as a whole.

PECO has its origins in the work of Thomas Edison. Between 1876 and 1900, Edison applied for over 1,000 patents for inventions produced by him and his team of research assistants. It was Edison’s idea that a single fiber charged with an electric current could glow indefinitely in a vacuum. Edison perfected his invention in 1879, and in a few years electric lighting supplanted gas light.

The company has approximately 2,300 employees; its call center and field craft personnel are members of IBEW Local 614. PECO serves 1.6 million electric and 485,000 natural gas customers; it is the largest combination utility in Pennsylvania, and has a franchise utility service area of 2,100 square miles with a population of 3.8 million people.

PECO owns, maintains and operates 1,067 miles of higher-voltage transmission lines, 15,260 square miles of underground distribution cable, and 12,933 miles of aerial distribution lines. On the gas side, PECO owns, maintains and operates 12,157 miles of transmission, distribution and service pipes. PECO has a liquefied natural gas storage facility in West Conshohocken, Pa. with capacity of 1,200,000,000 cubic feet and a propane-air plant in Chester, Pa. with storage capacity of 1,980,000 US gallons. The company also owns 29 natural gas city gate stations at locations that link with various interstate pipelines.

They built the Chester Waterside Station of the Philadelphia Electric Company, and it was listed on the National Register of Historic Places in 2007