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.
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FirstEnergy Corp.'s subsidiary, Jersey Central Power & Light (JCP&L), has completed maintenance and inspections across its 13-county service area to enhance reliability for customers this summer. The efforts include helicopter patrols over 780 miles of transmission lines and the use of thermovision cameras for early detection of equipment issues. JCP&L is prepared for potential power outages during the active hurricane season, leveraging data from certified meteorologists to optimize resource allocation. The company continues to invest in infrastructure improvements to boost system resiliency and reliability.
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FirstEnergy Corp. subsidiary, Jersey Central Power & Light (JCP&L), is implementing a major tree trimming initiative across 4,900 miles of power lines in New Jersey. This annual vegetation management program includes a $57 million investment, with 900 miles designated for enhanced management to combat severe weather impacts. So far, 1,800 circuit miles have been completed, and 3,100 more are expected by year-end. The program has contributed to a 25% reduction in tree-related outages over the last decade.
Metropolitan Edison Company (Met-Ed), a subsidiary of FirstEnergy Corp. (NYSE: FE), is advancing its tree trimming initiatives to enhance electric service reliability in Pennsylvania. In 2020, Met-Ed allocated over $28 million for vegetation management, trimming about 1,300 miles of power lines so far, with an additional 1,800 miles planned by year-end. The budget has increased by $4 million to target hazardous trees. Met-Ed serves roughly 570,000 customers across 3,300 square miles, collaborating with certified forestry experts to ensure safety and health in vegetation management.