UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                                    FORM 8-K


                                 CURRENT REPORT



                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934



                               September 24, 1999
                                (Date of earliest
                                 event reported)




                               PECO ENERGY COMPANY
             (Exact name of registrant as specified in its charter)




        Pennsylvania                    1-1401               23-0970240
      (State or other                (Commission             (IRS Employer
      jurisdiction of                 file number)            Identification
       incorporation)                                          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

         Presentation to Investors  regarding Merger  Transaction.  On September
24,  1999,  Unicom  Corporation  and PECO Energy  Company met with  investors to
discuss the merger of the two companies. A copy of the presentation materials is
attached to this Current Report on Form 8-K as Exhibit 99.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(a)  Financial Statements of Business Acquired. Not applicable.

(b)  Pro Forma Financial Information. Not applicable.

(c)  Exhibits

99.  Presentation to investors, "The Creation of a Preeminent National Energy
     Company, September 24, 1999.



                                   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\ Jean H. Gibson
                                            -----------------------
                                            Jean H. Gibson
                                            Vice President & Controller

September 27, 1999