Potomac Edison Completes 2022 Service Reliability Projects to Enhance Electric System Reliability and Performance; Plans More in 2023
Potomac Edison, a subsidiary of FirstEnergy Corp (NYSE: FE), invested nearly $10 million in 2022 to enhance electric service reliability in Maryland, with additional projects planned for 2023.
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Rhea-AI Summary
Potomac Edison, a subsidiary of FirstEnergy Corp (NYSE: FE), invested nearly $10 million in 2022 to enhance electric service reliability in Maryland, with additional projects planned for 2023. The Maryland Public Service Commission approved these upcoming projects, which include distribution automation that connects customers to multiple power sources, minimizing outages for approximately 4,900 customers. The installation of reclosers at eight substations will benefit around 10,000 customers. Moreover, Potomac Edison replaced over 30 miles of underground cable in 2022, with a plan for 50 more miles in 2023. The company serves about 275,000 customers in Maryland and West Virginia.
Positive
- Investment of nearly $10 million in service reliability projects.
- Approval from Maryland Public Service Commission for additional projects in 2023.
- Distribution automation projects to reduce outages for approximately 4,900 customers.
- Installation of reclosers improving reliability for about 10,000 customers.
- Replacement of over 30 miles of underground cable, with plans for 50 more miles.
Negative
- None.
Details
News Market Reaction – FE
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"Potomac Edison is continually investing in upgrades to our system that help us restore service to our customers faster following severe weather. The enhancements will also help reduce the number of momentary and sustained power outages our customers experience," said
Potomac Edison completed several distribution automation projects in 2022 that allow personnel to automatically switch customers to an adjacent power line during an outage. By tying customers to a second source of power, the impact of power outages for approximately 2,950 customers in the
Additionally, Potomac Edison installed equipment called reclosers at eight substations throughout the
The reclosers installed in 2022 will improve reliability for nearly 10,000 Potomac Edison customers. In 2023, Potomac Edison plans to install fourteen more reclosers that will improve service for customers in
Lastly, each year, Potomac Edison makes a proactive effort to replace aging underground cable with a more reliable type of cable. In 2022, the company replaced more than 30 miles of cable, improving reliability for individual customers and the overall electric system. In 2023, Potomac Edison plans to replace approximately fifty miles of older underground cable.
Potomac Edison serves about 275,000 customers in all or parts of
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in
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