Power Grid Upgrades Underway to Benefit 4,500 JCP&L Customers in Sussex County
Rhea-AI Summary
FirstEnergy Corp. (NYSE: FE) subsidiary JCP&L is undertaking a $50.3 million upgrade of a transmission substation in Franklin Borough, Sussex County. The 18-month project aims to enhance reliability for approximately 4,500 customers across Franklin Borough, Hamburg Borough, Hardyston, Ogdensburg, and Sparta.
The upgrades include substation reconfiguration for increased redundancy, installation of new electrical equipment and control enclosure, addition of a third transformer, and replacement of wooden utility poles with steel monopoles. This project is part of Energize365, FirstEnergy's $26 billion grid evolution program planned for 2024-2028 across six states.
Positive
- Major infrastructure investment of $50.3M to enhance grid reliability
- Part of larger $26B grid modernization program (2024-2028)
- Addition of redundancy and operational flexibility through third transformer
- Infrastructure modernization from wooden to steel poles
Negative
- None.
News Market Reaction – FE
In the trading session that priced this news, FE gained 2.19%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Doug Mokoid, FirstEnergy's President,
The upgrades include:
- Reconfiguring the substation to allow for more redundancy and flexibility.
- Installing new electrical equipment and a new control enclosure.
- Replacing an aging transformer and adding a third transformer to enhance planning and operational flexibility and accommodate existing and future customer demand in the area.
- Installing four steel monopoles outside of the substation, replacing four wooden utility poles and one lattice tower, to allow for the reconfiguration of two high-voltage power lines that will provide backup service if customers' primary lines are out of service.
Approximately 4,500 JCP&L customers in
This work is part of Energize365, FirstEnergy's grid evolution program focused on investing
JCP&L serves 1.1 million customers in the counties of
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/power-grid-upgrades-underway-to-benefit-4-500-jcpl-customers-in-sussex-county-302353618.html
SOURCE FirstEnergy Corp.