FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report September 19, 1994 PECO ENERGY COMPANY (Exact name of registrant as specified in its charter) PENNSYLVANIA 1-1401 23-0970240 (State or other jurisdiction (Commission (IRS Employer or incorporation) file number) Identification Number) 230l Market Street, Philadelphia, Pennsylvania 19101 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (215) 841-4000 ITEM 5. OTHER EVENTS On September 19, 1994, PECO Energy Company issued the following press release: PECO Energy reported today that approximately 2,500 of its 9,300 employees have elected to take advantage of the Company's voluntary retirement/separation programs. The precise number of employees accepting the programs and the resultant charge against 1994 Company earnings for the cost of the programs and ongoing savings from reduced employee levels will be announced next week after the expiration of the seven day period that some employees still have to revoke their decisions. The Company also reported that due to the extent of acceptance by its employees, it may be necessary to hire some replacements in some areas of the Company's operations. The Company announced both programs in April as part of PECO Energy's continuing cost reduction efforts. Employees were able to make decisions for the voluntary retirement/separation programs between July 5 and September 16, 1994. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PECO ENERGY COMPANY /S/ M. W. RIMERMAN M. W. Rimerman Vice President - Finance and Treasurer September 19, 1994