STOCK TITAN

JCP&L Invests Nearly $400,000 to Enhance Electric Service in Monmouth County

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

Jersey Central Power & Light (JCP&L), a FirstEnergy Corp. (NYSE: FE) subsidiary, is completing two electric system upgrade projects in Monmouth County, investing nearly $400,000 to enhance service for over 4,000 customers in Neptune Township, Monmouth Beach, and Sea Bright.

In Neptune Township, infrastructure upgrades include new fiberglass crossarms and lightning arrestors, benefiting 1,100+ customers. Along the coast, a separate project involves upgrading insulators along a two-mile stretch of high-voltage power line, serving 3,200 customers in Sea Bright and Monmouth Beach. Both projects feature wildlife protection measures, particularly deterring osprey nesting.

These initiatives are part of Energize365, FirstEnergy's $26 billion grid evolution program planned for 2024-2028 across six states, aimed at creating a smarter, more secure power grid.

Loading...
Loading translation...

Positive

  • Investment of $400,000 in infrastructure upgrades to enhance service reliability
  • Part of larger $26 billion grid evolution program (2024-2028)
  • Implementation of more durable and maintenance-efficient fiberglass crossarms
  • Service improvements benefiting over 4,000 customers

Negative

  • None.

News Market Reaction 1 Alert

+2.19% News Effect

On the day this news was published, FE gained 2.19%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Projects benefit 4,000+ customers in Neptune Township, Monmouth Beach and Sea Bright

HOLMDEL, N.J., Jan. 16, 2025 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is wrapping up the last of a pair of electric system upgrade projects this month in portions of northern and eastern Monmouth County. The two projects will enhance electric service for more than 4,000 customers in the county while also helping protect wildlife by deterring birds of prey from nesting on utility poles.

Watch a video of JCP&L personnel explaining and completing these electric grid upgrades on FirstEnergy's YouTube channel.

Doug Mokoid, FirstEnergy's President, New Jersey: "The open feedback system we maintain allows our employees to feel comfortable calling attention to areas of the electric system that they see need upgrades. These two projects are perfect examples of employee-led projects that are expected to help reinforce safe, reliable service for our customers."

In Neptune Township, the infrastructure supporting two neighborhood power lines was upgraded, including installation of new fiberglass crossarms, which are stronger, safer and lighter than traditional wood or metal crossarms. They require less maintenance, offer more storm resiliency and a longer lifespan. Unlike a wooden crossarm, the single crossarm design does not entice an osprey to nest on it because it is not large or stable enough to hold the nest, which can measure up to three feet in width.

This project also replaced three lightning arrestors along a neighborhood power line to protect the line from lightning strikes. The work was completed in late 2024 and will enhance electric service for more than 1,100 JCP&L customers in the town.

By the coast, a different project is underway to upgrade insulators along a nearly-two-mile stretch of a high-voltage power line, using a type of insulator that also helps deter ospreys from nesting on the poles. Existing metal crossarms and some wood crossarms are also being replaced with fiberglass crossarms. The work is scheduled to be completed by late January and will benefit nearly 3,200 JCP&L customers in Sea Bright and Monmouth Beach.

These projects are part of Energize365, FirstEnergy's grid evolution program focused on investing $26 billion between 2024 and 2028 across its six-state footprint to create a smarter, more secure grid that delivers the power customers depend on today while also meeting the challenges of tomorrow.

JCP&L serves 1.1 million customers in the counties of Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union and Warren. Follow JCP&L on X @JCP_L, on Facebook at facebook.com/JCPandL or online at jcp-l.com.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on X @FirstEnergyCorp or online at firstenergycorp.com.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/jcpl-invests-nearly-400-000-to-enhance-electric-service-in-monmouth-county-302353439.html

SOURCE FirstEnergy Corp.

FAQ

How much is JCP&L investing in Monmouth County electric service upgrades?

JCP&L is investing nearly $400,000 in electric service upgrades in Monmouth County.

How many customers will benefit from FirstEnergy's (FE) Monmouth County upgrades?

Over 4,000 customers in Neptune Township, Monmouth Beach, and Sea Bright will benefit from the upgrades.

What improvements are included in FE's Neptune Township electric upgrade project?

The Neptune Township project includes new fiberglass crossarms and three lightning arrestors along neighborhood power lines.

What is the timeline for FirstEnergy's (FE) coastal upgrade project completion?

The coastal upgrade project is scheduled to be completed by late January 2025.

How much is FirstEnergy (FE) investing in its Energize365 program?

FirstEnergy is investing $26 billion in its Energize365 program between 2024 and 2028 across six states.
Firstenergy Corp

NYSE:FE

FE Rankings

FE Latest News

FE Latest SEC Filings

FE Stock Data

25.90B
547.88M
0.17%
92.8%
4.22%
Utilities - Regulated Electric
Electric Services
Link
United States
AKRON