Dive Brief:

• Peco Energy faces a record $120 million price tag for the ice storm that hit Pennsylvania earlier this month.
• Philadelphia-based Peco will spend up to $80 million in operating and maintenance expenses and up to $40 million in capital expenses because of the ice storm that knocked out power to 715,000 customers.
• More than 6,000 utility workers helped restore power from the storm.

Dive Insight:

In the near term, utility rates will likely increase to pay for the storm. Peco will review its storm response measures and see if there are any areas that could be improved. In the long-term, the storm, as well as the one that just pummeled Georgia and the Carolinas, will reinforce efforts to make the grid more resilient, including distributed generation and energy storage.