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Stock impact report

FirstEnergy Pennsylvania Receives Approval for Infrastructure Improvement Plans [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
GREENSBURG, Pa. Dec. 19, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania ( FE PA ), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, has received approval from the Pennsylvania Public Utility Commission (PaPUC) to implement phase three of its Long-Term Infrastructure Improvement Plans (LTIIP III) to help ensure continued electric service reliability for more than two million Pennsylvania customers. Automated Substation Recloser The plans entail an additional $1.42 billion in capital investment over the next five years across FE PA's service areas with projects designed to reduce the frequency of service interruptions for customers and shorten their duration when they occur. LTIIP III builds on more than $1 billion in investments made during the first two rounds of LTIIP that spanned 2016-2024. Since 2019, the frequency of interruptions a customer experiences over a year has dropped by 14% in areas where LTIIP work has b Show less Read more
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