Paul J. Gough
Digital Producer- Pittsburgh Business Times
FirstEnergy Corp. is planning a $2.8 billion investment in transmission capability across much of its footprint, an initiative that will help support potential activity in the Marcellus and Utica shales.
Akron, Ohio-based FirstEnergy’s announcement Tuesday involves 69 kilovolt transmission power lines and substations in Penn Power, Ohio Edison, Cleveland Electric Illuminating Co. and Toledo Edison regions. That means a large swath of FirstEnergy’s footprint will be involved in what it’s calling the “Energizing the Future” initiative, including New Castle and Sharon, but not immediately Pittsburgh. The first part of the project is set to start in 2014 and continue through 2017, although more of southwestern Pennsylvania could be involved in the next few years, according to a FirstEnergy (NYSE: FE) spokesman.