JCP&L Invests Nearly $400,000 to Enhance Electric Service in Monmouth County
Rhea-AI Summary
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.
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
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
Watch a video of JCP&L personnel explaining and completing these electric grid upgrades on FirstEnergy's YouTube channel.
Doug Mokoid, FirstEnergy's President,
In
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
These projects are part of Energize365, FirstEnergy's grid evolution program focused on investing
JCP&L serves 1.1 million customers in the counties of
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
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SOURCE FirstEnergy Corp.