ALT Text: PECO STRIKE OVER: IBEW Local 614 Declares Victory with Historic Contract IBEW Local 614 wins pensions, retirement medical, and wage increases for all members after first strike in PECO's 145-year history PHILADELPHIA - IBEW Local 614 celebrated a historic contract victory Monday night, ending a three day work stoppage by 1600 workers, the first in PECO's 145-year history. IBEW Local 614 won all of their major contract priorities: • Cash balance pension plans for all members. • Full retirement medical coverage for all members. • Significant general wage increases for all

ALT Text: “Tonight, we declare victory. IBEW Local 614 is ending our strike with a historic win and a landmark contract. This is the beginning of a new era at PECO, one where greed does not go unchecked and the workers who make modern life possible get the respect and dignity we are owed. Our three-day strike showed just how much PECO needs Local 614. Without our labor, our expertise, and our experience, PECO saw widespread outages that they were slow to address. We are not easily replaced. We feel deep appreciation for the ratepayers and the public, whose support for our members never wavered, even in the heat and the storms. We said from day one that our members' top priorities were restoring pensions and retirement medical coverage for all members, and we won that and more. For years, PECO has disrespected, devalued, and denigrated the men and women who keep the lights on and gas flowing… This contract begins to right those wrongs.”