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                                                                    Exhibit 99-8



FOR IMMEDIATE RELEASE
July 5, 1995

CONTACT:
Michael Wood, (215) 841-4125
Carol Rath Gosser, (215) 841-4126

PECO ENERGY COMPANY ANNOUNCES THE FILING OF A REGISTRATION STATEMENT FOR AN
OFFER TO EXCHANGE TRUST RECEIPTS ("TOPrS")(SM)

PECO Energy Company announced today that it is filing a registration statement
for an offer to exchange Trust Receipts ("TOPrS")(SM) each representing a ___%
Cumulative Monthly Income Preferred Security, Series B representing a limited
partner interest issued by PECO Energy Capital, L.P. for up to 5,400,000
outstanding Depositary Shares each representing a one-fourth interest in a
share of $7.96 Cumulative Preferred Stock of PECO Energy Company.

Exchanges will be made on the basis of one Trust Receipt for each Depositary
Share validly tendered and accepted for exchange in the offer, subject to,
among other conditions, at least 2,800,000 Depositary Shares being validly
tendered. Any Depositary Shares not accepted for exchange because of proration
or otherwise will be returned.

PECO Energy Capital, L.P. is a finance subsidiary of PECO Energy which was
created solely for the purpose of issuing one or more series of its Preferred
Securities constituting limited partner interests. The only assets of PECO
Energy Capital are related series of subordinated debentures of PECO Energy
issued concurrently with the Preferred Securities.

The exchange offer will allow PECO Energy Company to reduce its after-tax
financing cost, since interest paid on the Series B Subordinated Debentures is
deductible, while dividends paid on the Depositary Shares are not.

The dealer manager for the exchange offer is Merrill Lynch & Co.

A REGISTRATION STATEMENT RELATING TO THESE SECURITIES WILL BE FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION. TOPrS MAY NOT BE SOLD NOR MAY OFFERS TO BUY
BE ACCEPTED AND NO EXCHANGE OFFER WILL BE MADE, PRIOR TO THE TIME THE
REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS SHALL NOT CONSTITUTE AN OFFER TO
SELL OR THE SOLICITATION OF AN OFFER TO BUY OR EXCHANGE NOR SHALL THERE BE ANY
SALE OF SUCH SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION, SALE OR
EXCHANGE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAW OF ANY SUCH STATE. THE EXCHANGE OFFER WILL BE MADE ONLY BY 
MEANS OF A PROSPECTUS.