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Peco parent Exelon plans to separate into two firms: “Our customers expect us to continuously innovate.” Andrew Maykuth, The Philadelphia Inquirer © MICHAEL S. WIRTZ/The Philadelphia Inquirer/TNS Exelon s Limerick Generating Station in Montgomery County. The power plant would be owned by a new generation company that Exelon announced Wednesday it was spinning off into a separate company. Exelon Corp. announced Wednesday it plans to spin off its power-generation business from the company’s six utilities, including Peco, Atlantic City Electric and Delmarva Power. Popular Searches The Chicago company said the separation of the business units, a strategy adopted by PPL Corp. in Allentown and other utilities, is aimed at streamling operations and increasing shareholder value.

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