February 15, 2011
Exelon Nuclear and East Coventry Township Partner to Preserve and Protect Historic Frick's Locks Village
Exelon Nuclear and East Coventry Township have signed an agreement protecting several of the oldest buildings in Chester County, PA. Exelon will spend close to $2.5 million to stabilize and rehabilitate several historic structures in Frick’s Lock
POTTSTOWN, Pa. - Exelon Nuclear and East Coventry Township have signed an agreement protecting several of the oldest buildings in Chester County, PA. Exelon will spend close to $2.5 million to stabilize and rehabilitate several historic structures that comprise Frick's Locks Village and plans to donate land and historic buildings having an estimated value of $1 million to East Coventry Township. Although the East Coventry Township Board of Supervisors approved the agreement it was not a unanimous vote. Four members of the Board voted in favor of the agreement and one member voted against the agreement
Under the agreement, a portion of Frick's Locks Village will be leased to East Coventry with an option to later accept the leased parcel as a donation. In addition, Exelon and the township will open the village for periodic tours and public access.
"East Coventry Township is pleased with the partnership with Exelon Nuclear and looks forward to working with other stakeholders to tie this project into the Schuylkill River Trail," stated Ray Kolb, chairman of the East Coventry Township Board of Supervisors.
The partnership was guided by a local steering committee that included representatives from the township, the township's historical commission, the county, the state historic preservation agency, Schuylkill River Heritage Area, Exelon and State Senator Andy Dinniman's office.
"This is a wonderful example of what can be accomplished when private industry and public officials work together to preserve and improve our community," said State Senator Andy Dinniman. "Thanks to a great deal of hard work, Frick's Locks will be protected for future generations in Chester County. I am pleased to have been a part of such a great collaboration."
Frick's Locks Village was founded more than 250 years ago, and in the 19th century, it was a key stop along both the Schuylkill Canal and Pennsylvania Railroad. Several of the historic structures in the village date from the 1850s. In 2003, the village was listed on the National Register of Historic Places.
"Frick's Locks Village is a wonderful local historical and cultural resource," said Limerick Site Vice President Bill Maguire. "Exelon is excited to partner with the community to create a place where residents and school children can learn about the technology of the past while gazing at the technology of the future."
Exelon Corporation is one of the nation’s largest electric utilities with more than $18 billion in annual revenues. The company has one of the industry’s largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 490,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.