USA, Ohio / Pennsylvania: FirstEnergy has announced that its transmission subsidiary has been selected by grid operator PJM to carry out major upgrades across Ohio and Pennsylvania. The company plans to invest $950 M in the programme, which includes modernising equipment, rebuilding ageing transmission lines and upgrading substations.

Part of the work will be delivered through Grid Growth Ventures, a joint venture with Transource Energy. The total cost of these projects is estimated at $1.2 B, with FirstEnergy Transmission (FET) contributing around $490 M.

The remaining upgrades will be executed by FirstEnergy’s subsidiaries American Transmission Systems and Mid-Atlantic Interstate Transmission.

The investments come at a time of rapidly increasing electricity demand in the United States. Utilities are working to strengthen networks as power needs grow, driven by the expansion of data centres supporting artificial intelligence, as well as the wider electrification of heating and transport in homes and businesses.

Earlier this year, FirstEnergy outlined a broader capital investment plan of $36 B through 2030, aimed at enhancing grid infrastructure and reliability in response to rising demand.

Source: Reuters

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