FirstEnergy will invest over $775M to bolster grid reliability in Ohio, Pennsylvania
Akron-based FirstEnergy Corp. has announced plans to invest over $775 million in 2018 on distribution, transmission and infrastructure projects, Crain’s Cleveland reports. In December 2017, the company filed plans with the Public Utilities Commission of Ohio to modernize its electric grid over the course of the next three years (see our December 27, 2017 blog post). The major investments will include rebuilding transmission lines, inspecting and replacing utility poles, replacing underground circuits, and adding new equipment in substations. This $775 million investment by FirstEnergy is on top of the already invested $742 million by the company between 2004 and 2016. For more, read the full article.
