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flag Pennsylvania Gov. Shapiro forces PECO to cancel rate hike for 1.7 million customers.

flag Pennsylvania Governor Josh Shapiro and consumer advocates forced PECO to withdraw a planned rate hike that would have raised electric and gas bills for 1.7 million customers. flag The proposal, which would have added approximately $35 monthly to bills starting in 2027, was criticized as excessive amid high inflation. flag PECO reversed the decision to prioritize customer affordability, citing the financial strain on households while maintaining a commitment to future infrastructure upgrades.

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