POST Online Media Lite Edition



 

FirstEnergy invested more than $1 billion in power projects

Staff writer |
FirstEnergy Corp. invested approximately $690 million in 2014 in the Ohio Edison service area.

Article continues below






The investment was for on reliability infrastructure projects and other transmission- and distribution-related work, including building new transmission lines, new substations, and installing remote-control equipment to help reduce the number and duration of power outages.

More than $581 million of the total was spent on transmission-related projects owned by American Transmission Systems, Incorporated, a FirstEnergy transmission company.

The company invested approximately $152 million in 2014 in its Toledo Edison service area on reliability infrastructure projects and other work, including building new transmission lines, new substations, and installing remote-control equipment designed to help reduce the number and duration of power outages.

More than $116 million of the total has been spent on transmission-related projects owned by American Transmission Systems, Incorporated, a FirstEnergy transmission company.

The company invested approximately $263 million in 2014 in The Illuminating Company service area on reliability infrastructure projects and other work, including building new transmission lines, new substations, and installing remote-control equipment designed to help reduce the number and duration of power outages.

More than $161 million of the total has been spent on transmission-related projects owned by American Transmission Systems, Incorporated, a FirstEnergy transmission company.


What to read next

ChemChina raises $20 billion for Syngenta
Petrobras invested $6.9 billion by April-end
Telus to invest billions across Canada