Settlement Reached in FirstEnergy Ohio Utilities' Grid Modernization Plan [Yahoo! Finance]
FirstEnergy Corp. (FE)
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Source: Yahoo! Finance
AKRON, Ohio April 15, 2024 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – have reached a settlement on their Grid Modernization (Grid Mod) II plan that will expand the deployment of smart meters to an additional 1.4 million customers in Ohio If approved by the Public Utilities Commission of Ohio (PUCO), the four-year, $421 million plan will build upon system upgrades completed as part of the companies' Grid Mod I plan approved in 2019, including installation of approximately 706,000 smart meters across Ohio along with the necessary supporting communications infrastructure and data management system. Read the full settlement on the PUCO's website at https://dis.puc.state.oh.us/ViewImage.aspx?CMID=A1001001A24D12B65036D02059 Parties to the settlement include the Citizens Utility Board of Ohio , Environmental Law & Policy Center, Interstate Gas Supply, LLC., The Kroger Co., Northeast Ohio Public Ene
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