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February 24, 2024
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FirstEnergy Spending $1.5B on Transmission Projects this Year
Part of a $7B Spend Between 2018 and 2023, Boosting Return on Investments
Billions of dollars spent on transmission system upgrades since 2018 have increased the reliability of FirstEnergy's wires as well as the company's rate of return, as noted in second quarter earnings reported Wednesday. The company currently has more than 1,000 transmission projects underway and remains on track to invest $1.5 billion in the transmission system this year alone.
Billions of dollars spent on transmission system upgrades since 2018 have increased the reliability of FirstEnergy's wires as well as the company's rate of return, as noted in second quarter earnings reported Wednesday. The company currently has more than 1,000 transmission projects underway and remains on track to invest $1.5 billion in the transmission system this year alone. | FirstEnergy
FirstEnergy's "Energizing the Future" spending plan to update its 24,000 miles of transmission lines and substations is paying off with higher profits.
Company NewsPJMTransmission Operations