PHILADELPHIA (April 30, 2008) – Directors of PECO Energy Company have declared dividends on all series of preferred stock, payable August 1, 2008, to shareholders of record at the close of business on June 30, 2008, as follows:

Series                                    Amount Per Share
$4.68            Series D                $1.17
$4.40            Series C                $1.10
$4.30            Series B                $1.075
$3.80            Series A                $0.95

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Exelon Corporation is one of the nation's largest electric utilities with approximately $19 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 Pennsylvania and natural gas to approximately 480,000 customers in the Philadelphia area.  Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.
 
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 and employs about 2,300 people in the region. PECO delivered 86.6 billion cubic feet of natural gas and 39.8 billion kilowatt-hours-hours of electricity in 2007.  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.