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Stock impact report

FirstEnergy to Invest $950 Million in Ohio and Pennsylvania Grid Upgrades [Yahoo! Finance]

FirstEnergy Corp. (FE) 
Last firstenergy corp. earnings: 4/23 04:20 pm Check Earnings Report
US:NYSE Investor Relations: investors.firstenergycorp.com
Company Research Source: Yahoo! Finance
FirstEnergy Corp. (NYSE:FE)'s 10 electric distribution companies form one of America's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. FirstEnergy Corp. (NYSE:FE) announced on March 2 that it had been selected by the regional transmission grid operator PJM Interconnection to modernize equipment, rebuild older lines, and upgrade substations in Ohio and Pennsylvania. The utility is going to invest $950 million in the effort. FirstEnergy Corp. (NYSE:FE) plans to invest approximately $490 million to build nearly 200 miles of new 765 kV lines to improve service reliability in the greater Columbus region in Ohio. It will spend another $294 billion in Ohio to build a new substation in Clark County, where two major power lines meet, and upgrade a line in the area. Meanwhile, the utility is investing $165 million in Pennsylvania to rebuild an existing 115-kV line into a double circuit line in York and A Show less Read more
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