PECO Names Elizabeth A. Murphy as New Director of Governmental and External Affairs

PHILADELPHIA, July 24 /PRNewswire/ -- PECO today announced that Elizabeth A. Murphy has been named as the company's new director of Governmental and External Affairs. Murphy, who has more than 20 years of government, economic development, strategic planning and senior management experience, will lead PECO's state government, issues and policy management and external affairs team.

"We are very pleased to welcome Elizabeth Murphy to PECO," said Lisa Crutchfield, senior vice president for Regulatory and External Affairs. "She is a consummate professional who will bring tested and proven leadership to the organization. She has been a well-respected executive in the Delaware Valley for many years now and I'm pleased that she is joining the PECO team."

Murphy will be responsible for leading the organization that represents the company throughout the five county service territory and interfacing with state, local and county governments. She also will oversee the legislative lobbying activities and policy development.

She has held senior level positions in the maritime and transportation industries in Pennsylvania and New Jersey since 1990, and most recently served as chief operating officer for the Delaware River Port Authority for the past 7 years. She has a Bachelors of Arts degree from State University of New York at Albany. Murphy will begin her new role on August 20, 2007.

Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation . PECO serves 1.6 million electric and 480,000 natural gas customers in southeastern Pennsylvania. In 2006, the company delivered 38.2 million megawatt-hours (Mwh) of electricity and 76.1 billion cubic feet of natural gas to residential, business and institutional customers. Founded in 1881, PECO is one of the Greater Philadelphia Region's most active corporate citizens, providing leadership, volunteer and financial support to numerous arts and culture, education, environmental, economic development and community programs and organizations.

Contact: Cathy Engel PECO 2301 Market Street, S14-1 Philadelphia, PA 19103 215-841-4492 or 215-841-5555