Mon Power Awarded Reliability Project Grant by U.S. Department of Energy

Rhea-AI Summary

FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power has been awarded a $5 million federal grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations. The funding, part of the Energy Improvements in Rural or Remote Areas (ERA) program, will be used to enhance electric service reliability for over 3,000 customers in rural West Virginia.

The project involves rebuilding over 23 miles of power lines in Pocahontas, Braxton, and Clay counties, and connecting a two-mile alternate power line with a substation in Petersburg, Grant County. This will enable Mon Power and Potomac Edison to restore service faster during outages by connecting customers to backup power feeds.

Construction is expected to start in 2025. Mon Power plans to partner with community-based organizations to address workforce disparity gaps in historically under-resourced communities.

Positive

• Received $5 million federal grant for reliability improvements
• Project will enhance service reliability for over 3,000 customers
• Enables faster service restoration during outages
• Plans to address workforce disparity gaps in under-resourced communities

Negative

• None.

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Project to enhance reliability for more than 3,000 customers in four West Virginia counties

FAIRMONT, W.Va., Oct. 11, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power has been awarded $5 million in federal funding by the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) for a project that will enhance electric service reliability for customers in parts of rural West Virginia. The funding is part of the Energy Improvements in Rural or Remote Areas (ERA) program established by the Bipartisan Infrastructure Law.

The funding will be applied to help rebuild more than 23 miles of power lines in Pocahontas, Braxton and Clay counties and connect a two-mile alternate power line with a substation in Petersburg, Grant County, resulting in enhanced reliability for more than 3,000 customers. The work will enable Mon Power and its sister company Potomac Edison, which also serves West Virginia, to restore service to customers faster by connecting them to adjacent lines that serve as a backup power feed while repairs are made during an outage.

Jim Myers, Vice President of FirstEnergy's West Virginia Operations: "We're honored to receive this funding, and we look forward to applying it toward system improvements that will make a real difference for thousands of our customers in rural West Virginia, reducing the number and duration of outages they experience."

In May, Mon Power was selected by the U.S. Department of Energy to begin award negotiations. Submitted in 2023, Mon Power's proposal was selected as one of 19 community-led projects across 12 states and 13 tribal nations and communities to receive more than $78 million to develop and deploy sustainable clean energy solutions or expand access to reliable and affordable energy in rural and remote communities across the country.

Mon Power expects to start construction on the project in 2025. Company representatives have engaged with city, county, state and nonprofit agencies about the proposal, providing updates and incorporating community feedback into Mon Power's plans. Mon Power also plans to partner with community-based organizations in the affected counties to address workforce disparity gaps for historically under-resourced communities.

Mon Power serves about 395,000 customers in 34 West Virginia counties. Follow Mon Power at mon-power.com, on X  @MonPowerWV, and on Facebook at facebook.com/MonPowerWV.

Potomac Edison serves about 285,000 customers in seven counties in Maryland and 155,000 customers in the Eastern Panhandle of West Virginia. Follow Potomac Edison at potomacedison.com, on X @PotomacEdison, and on Facebook at facebook.com/PotomacEdison.

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 more than six million 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 online at firstenergycorp.com and on X @FirstEnergyCorp.

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SOURCE FirstEnergy Corp.

FAQ

What is the value of the grant awarded to Mon Power (FE) by the U.S. Department of Energy?

Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has been awarded a $5 million federal grant by the U.S. Department of Energy's Office of Clean Energy Demonstrations.

How many customers will benefit from Mon Power's (FE) reliability project in West Virginia?

The reliability project will enhance electric service for more than 3,000 customers in parts of rural West Virginia.

When is Mon Power (FE) expected to start construction on the reliability project?

Mon Power expects to start construction on the reliability project in 2025.

Which West Virginia counties will be affected by Mon Power's (FE) power line rebuilding project?

The project will involve rebuilding power lines in Pocahontas, Braxton, Clay, and Grant counties in West Virginia.