Toledo Edison Begins Installation of 1,000 LED Streetlights in Perrysburg

Toledo Edison, a subsidiary of FirstEnergy (NYSE: FE), has initiated a $251,000 project to install approximately 1,000 LED streetlight fixtures in Perrysburg, Ohio.

Rhea-AI Summary

Toledo Edison, a subsidiary of FirstEnergy (NYSE: FE), has initiated a $251,000 project to install approximately 1,000 LED streetlight fixtures in Perrysburg, Ohio. This initiative is expected to save the city around $30,000 annually in electricity costs due to the improved efficiency of the LEDs, which are 50% more efficient than previous high-pressure sodium lights.

The project is funded entirely through federal aid from the American Rescue Plan Act and is projected to yield a return on investment in about six years. LEDs also promise to enhance visibility and security in the community, aiding local safety efforts.

Positive

• The installation of LED streetlights is expected to save Perrysburg approximately $30,000 annually in energy costs.
• The project is funded entirely through federal aid, mitigating financial impact on the city.
• LEDs have a significantly longer lifespan of 15 to 20 years compared to the previous lights' 3 to 5 years.

Negative

• None.

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Switch to LEDs estimated to save city $30,000 in electricity costs each year

TOLEDO, Ohio, March 2, 2023 /PRNewswire/ -- In a residential neighborhood along Cricket Lane in Perrysburg, FirstEnergy electric company (NYSE: FE) Toledo Edison has installed the first of about 1,000 LED streetlight fixtures to kick off the City of Perrysburg's $251,000 streetlight conversion project. 

The new LEDs are about 50% more efficient than the previous high-pressure sodium lights and are expected to save the city an estimated $30,000 in energy costs annually. They are also expected to last 15 to 20 years, compared to three to five years for the previous lights. The City of Perrysburg received federal funding through the American Rescue Plan Act to cover the entire cost of the streetlight conversion project. City officials estimate the return on investment will be approximately six years.

"More and more communities, like Perrysburg, are investing in projects that will pay for themselves over and over in terms of cost savings, and this LED streetlight project is a prime example," said Jim Veglia, director of operations for Toledo Edison. "We look forward to seeing how these improvements will benefit this city where we proudly live and work."

Communities across FirstEnergy service areas in Ohio and elsewhere are also experiencing substantial improvements in visibility and security where LED streetlighting has been installed.

"Beyond their cost-saving benefits, LED streetlights play a key role in reducing crime and keeping local communities safe," said Perrysburg Mayor Tom Mackin. "We are eager for Toledo Edison workers to replace all of our existing streetlights with LEDs this year."

Toledo Edison serves nearly 315,000 customers in northwest Ohio. Follow Toledo Edison on Twitter @ToledoEdison or on Facebook at www.facebook.com/ToledoEdison.

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 Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.

Editor's Note: Photos and video footage of Toledo Edison crews installing new LED streetlights in Perrysburg are available for download here.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/toledo-edison-begins-installation-of-1-000-led-streetlights-in-perrysburg-301760981.html

SOURCE FirstEnergy Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the cost of the LED streetlight project in Perrysburg?

The cost of the LED streetlight project in Perrysburg is $251,000.

How much will the new LED streetlights save annually?

The new LED streetlights are estimated to save the city approximately $30,000 each year.

What funding supports the LED streetlight project?

The project is fully funded through federal aid from the American Rescue Plan Act.

How long do the new LED streetlights last?

The new LED streetlights are expected to last between 15 to 20 years.

What is the expected return on investment for the LED project?

The expected return on investment for the LED streetlight project is approximately six years.