FirstEnergy (NYSE:FE) on March 2 said that it expects to invest $113m this year on distribution and transmission infrastructure projects to help enhance reliability in Toledo Edison’s western Ohio service territory.
The company said that more than $67m of the budgeted total will be spent on transmission-related projects owned by its transmission company, American Transmission Systems, Incorporated.
The company said that projects scheduled in the Toledo Edison footprint this year include:
- Starting construction on a new 28-mile, 138-kV transmission line in the Sandusky and Fremont areas that is scheduled to be energized in May 2018. Sixteen miles are located in the Toledo Edison footprint, and about $12m is expected to be spent on that portion this year; the other 12 miles are in Ohio Edison territory
- Replacing the wire on a 138-kV transmission line that runs about 24 miles between substations in Troy Township and Liberty Center to enhance service reliability in Henry, Lucas and Wood counties; the cost of the work is about $11.8m
- Rebuilding a 69-kV transmission line that connects substations in Toledo and Oregon at a cost of $900,000
- Installing fiber optic lines and equipment in multiple locations in western Ohio to enhance automated monitoring devices and remote control equipment at a cost of about $12m
- Enhancing substation security measures at a cost of $7.6m
- Inspecting more than 22,000 wooden poles in Holgate, Toledo, Swanton, Whitehouse, Clay Center, Rossford, Walbridge, Cygnet, Pemberville, Bellevue, and Lyons at a cost of $3m
- Installing breakers, relays, switches, capacitors, and other equipment across the service area at a cost of about $2m
FirstEnergy said that last year, it spent about $144m in the Toledo Edison area on hundreds of large and small transmission and distribution projects, including building new transmission lines.
As TransmissionHub reported, FirstEnergy President and CEO Charles Jones on Feb. 22 said that the company is on track for $1bn in investments in its “Energizing the Future” initiative in 2017, with most of that investment “taking place where we have formula rates.”
Speaking during the company’s 4Q16 earnings call, Jones noted that this is the last year of FirstEnergy’s initial $4.2bn investment in that initiative.