Ohio Edison Power Upgrades Will Support Manufacturing and Boost Economic Growth in Clark County
Rhea-AI Summary
FirstEnergy Corp. (NYSE: FE) subsidiary Ohio Edison is implementing significant grid upgrades in Clark County to enhance power reliability for approximately 2,700 customers in the Springfield area. The project aims to support local manufacturing expansion and potential job creation.
The upgrades include:
- Rebuilding power lines with larger diameter wire for increased electricity capacity
- Installing new equipment to ensure constant high-voltage electricity flow
- Implementing automated reclosing devices to minimize service interruptions
This initiative is part of Energize365, FirstEnergy's multi-year grid evolution program with planned investments of $28 billion between 2025 and 2029. The program focuses on creating a smarter, more secure grid capable of accommodating electric vehicles, home and business electrification, and clean energy sources.
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News Market Reaction 1 Alert
On the day this news was published, FE gained 1.28%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The work is expected to enhance reliability for nearly 2,700 Ohio Edison customers in the
Torrence Hinton, FirstEnergy's Ohio President: "This is an exciting time for economic development in our region as more and more large companies are realizing what a great place central
The work in
Customers in the area will also benefit from the installation of new automated reclosing devices to help limit the frequency, duration and extent of service interruptions. The devices:
- Work like a circuit breaker in a home that shuts off power when trouble occurs, with the added benefit of automatically reenergizing a substation or power line within seconds for certain types of outages to keep power safely flowing to customers.
- Allow crews to quickly pinpoint the location of the issue and help utility personnel better understand the cause of the outage to support timely power restoration.
Ohio
This work is part of Energize365, a multi-year grid evolution program focused on transmission and distribution investments that will deliver the power FirstEnergy's customers depend on today while also meeting the challenges of tomorrow. With planned investments of
Ohio
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
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SOURCE FirstEnergy Corp.