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FirstEnergy will invest US$500m in Ohio's power grid modernisation (US)

US-based electric utility FirstEnergy, which has just reached a settlement with a broad range of stakeholders that will return US$900m to Ohio customers as a result of the Tax Cut and Jobs Act, plans to dedicate US$500m in power grid modernisation efforts, including the deployment of advanced automation equipment on at least 200 distribution lines and real-time voltage controls. The company will install voltage regulating equipment on at least 202 circuits to provide energy efficiency benefits by reducing excessive voltage levels on the distribution grid. Approximately 700,000 smart meters will be deployed throughout several service areas across Ohio. The agreement is cleared by the Public Utilities Commission of Ohio (PUCO).



FirstEnergy owns 10 power distribution companies and delivers power to customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. It also operates 24,000 miles (38,624 km) of power transmission lines connecting the Mid-Atlantic and Midwest regions.