Philadelphia, PA and Raleigh, NC, U.S.A. --- (METERING.COM) --- July 21, 2010 - Exelon Corporation electric and natural gas utility subsidiary PECO Corporation has issued a Letter of Intent (LOI) to purchase the Sensus FlexNet™ communications network as its advanced metering infrastructure (AMI) solution for a program that is expected to encompass more than 1.6 million electric customers.

PECO will leverage the solution to monitor and measure electric distribution and consumption on a single designated communications highway for all related utility applications. PECO and

Sensus will now work together on project requirements and details in an effort to reach a final work agreement.

The solution will enable outage management, distribution automation and voltage monitoring for the company, and it will help PECO meet state regulatory requirements, deliver clear and reliable communications in a dense urban environment via FCC-licensed spectrum, and support future applications. Work is underway at PECO to deploy smart meters during the next 10 years – five years earlier than required under Pennsylvania law thanks to a $200 million stimulus grant awarded by the US Department of Energy.