David Vahos, PECO’s CEO since last June, will be replaced on an interim basis by former Chief Executive Mike Innocenzo, The Philadelphia Business Journal reported today.
The leadership replacement came days after the energy company’s decision to withdrawal its unpopular proposed rate hike that would have increased customers’ utility bills by about $34 per month.
The utility provider said in a Thursday press release that the decision came after “taking into consideration conversations with Gov. Josh Shapiro,” customers and stakeholders. Shapiro called the proposal “pure greed” on social media…