FirstEnergy Corp. reports developments for an investor-owned electric utility holding company with distribution companies in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York and transmission subsidiaries that connect the Midwest and Mid-Atlantic regions.
Recurring updates cover GAAP and core earnings, distribution and transmission rate-base growth, capital spending for grid reliability, and regulatory proceedings such as Ohio distribution rate plans. Company news also covers projects by American Transmission Systems, Potomac Edison, Ohio Edison, Toledo Edison and The Illuminating Company, including line rebuilds, tree trimming, time-of-use rates, storm restoration and operational leadership changes.
Penelec, a subsidiary of FirstEnergy (NYSE: FE), is finalizing equipment inspections and maintenance ahead of winter to ensure reliable electricity delivery to its 585,000 customers in Pennsylvania. The company employs thermovision technology for substation equipment checks and conducts helicopter inspections across 2,500 miles of transmission lines. Tree trimming has been completed over 3,800 miles to prevent outages from winter storms. Inspections of utility vehicles and preparation for storm recovery drills further enhance service reliability during cold months.
Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is undertaking winter readiness inspections and maintenance to ensure reliable power for its 275,000 Maryland and 151,000 West Virginia customers. Activities include inspecting substation equipment, using thermovision technology for potential issues, and trimming trees along 3,100 miles of power lines. The company emphasizes proactive measures to prevent outages during extreme weather and offers energy-saving tips to customers, alongside assistance programs for those needing help with electric bills.
West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is finalizing winter preparations to ensure reliable electricity during cold months. Inspections include the use of 'thermovision' cameras to identify potential issues in substations, and helicopter surveys of 1,700 miles of transmission lines. Tree trimming is on track to exceed 5,000 miles this year. The utility is also winterizing control buildings and inspecting vehicles for safety in freezing conditions. West Penn Power serves approximately 725,000 customers across 24 counties in Pennsylvania.
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FirstEnergy Corp. (NYSE: FE) has completed extensive pre-winter inspections and maintenance across its Ohio utilities, including Ohio Edison, The Illuminating Company, and Toledo Edison. This initiative aims to enhance service reliability during the anticipated cold weather, which is expected to increase electric usage. The company has invested over $500 million in smart grid enhancements since 2020, focusing on automated technology to prevent power outages. Inspections of nearly 7,200 miles of high-voltage transmission lines and proactive equipment checks are part of these efforts.
Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed essential maintenance and inspections to prepare for the winter season across its 3,200-square-mile service area. This proactive approach aims to enhance service reliability amidst increased electricity demand and potential winter storms. Preparations included winterizing substations, inspecting power lines with thermal imaging, and trimming trees to avoid outages. JCP&L has also serviced vehicles for safe operations, while advising customers on energy-saving tips during the colder months.
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Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun upgrades on 19 miles of transmission power lines in Monmouth County, New Jersey. The $53 million investment aims to enhance reliability for 50,000 customers. The two projects include replacing older infrastructure and adding redundancy through two independent circuits, improving service continuity. Completion is expected between May and December 2023. These upgrades are part of FirstEnergy's broader $7 billion 'Energizing the Future' initiative, which focuses on modernizing the transmission system and reducing outages.
Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), is finalizing an electric distribution upgrade project in Crawford County, benefiting about 1,000 customers in Vernon Township and nearby areas. This includes converting a power line to a higher voltage and installing automated equipment to improve service reliability, especially during winter storms. The initiative, part of Penelec's $200 million Long Term Infrastructure Improvement Plan, enhances the local network's capacity, ensuring quicker repairs. The project commenced in July and is expected to conclude by year-end.