FirstEnergy Awarded $50 Million Smart Grid Grant by U.S. Department of Energy [Yahoo! Finance]
FirstEnergy Corp. (FE)
Last firstenergy corp. earnings: 4/23 04:20 pm
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Source: Yahoo! Finance
Nov. 14, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has been awarded $50 million in federal funding by the U.S. Department of Energy's Grid Deployment Office for projects that will enhance electric service reliability for more than 53,000 Mon Power and Potomac Edison customers in West Virginia and Maryland . The funding is part of the Grid Resilience and Innovation Partnerships (GRIP) Program established by the Bipartisan Infrastructure Law. The funding will be applied toward system upgrades totaling nearly $127 million , benefiting approximately 50,660 customers in West Virginia and 2,500 customers in Maryland . Expected to be complete in late 2029, the work across 19 counties will be implemented by FirstEnergy electric companies Mon Power and Potomac Edison. The planned upgrades will feature the installation of new technology and equipment that will help reduce the number and duration of outages that customers in those counties experience. The upgrades will also benefit m
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FE
Earnings
- 10/29/24 - Miss
FE
Sec Filings
- 11/13/24 - Form SC
- 11/8/24 - Form 8-K
- 10/29/24 - Form 10-Q
- FE's page on the SEC website