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Share Name | Share Symbol | Market | Type |
---|---|---|---|
FirstEnergy Corp | NYSE:FE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.16 | 0.40% | 39.89 | 39.96 | 39.62 | 39.70 | 819,614 | 22:00:00 |
JCP&L upgrades are part of a larger $95 million project
HOLMDEL, N.J., Dec. 5, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has started construction on infrastructure upgrades designed to enhance electric reliability for customers in three Morris County communities. The work is scheduled to be completed in October 2025 as part of JCP&L's New Jersey Reliability Improvement Project, an element of the company's rate review settlement approved by the New Jersey Board of Public Utilities in February.
Equipment enhancements will take place along more than five miles of power lines in Chester, Washington and Roxbury townships. More than 2,100 JCP&L customers are expected to benefit from this work.
Doug Mokoid, FirstEnergy's President, New Jersey: "The upgrades we're making under the New Jersey Reliability Improvement Project are part of our commitment to providing safe, reliable electric service for all our customers. These improvements, in particular, target areas where customers have experienced some of the most frequent outages in recent years."
The upgrades include:
The New Jersey Reliability Improvement Project is a two-phase effort to enhance reliability for customers on high-priority lines selected based on historical outage data. The first phase, which includes at least $95 million in upgrades, is set to be completed over the next three years. Second-phase work, which includes longer-duration projects, is targeted for completion by the end of 2028.
JCP&L serves 1.1 million customers in the counties of Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union and Warren. Follow JCP&L on X @JCP_L, on Facebook at facebook.com/JCPandL or online at jcp-l.com.
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 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 on X @FirstEnergyCorp or online at firstenergycorp.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/electric-grid-enhancements-to-boost-service-reliability-in-morris-county-302324017.html
SOURCE FirstEnergy Corp.
Copyright 2024 PR Newswire
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