FirstEnergy’s Ohio Utilities File Plan to Further Modernize Electric System

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FirstEnergy’s proposed plan would expand investments in smart grid technology

AKRON, Ohio – FirstEnergy Corp.’s (NYSE: FE) Ohio utilities – Ohio Edison, Cleveland
Electric Illuminating Company and Toledo Edison – have filed a plan with the Public Utilities Commission of Ohio (PUCO) that would expand investments in smart grid technology, including equipment to help reduce the frequency and duration of power outages for customers.

The filing, known as Ohio Grid Mod II, proposes a four-year, $626 million investment
plan that builds upon system upgrades completed since the PUCO approved the utilities’ Grid Mod I plan in 2019. To date, that program has resulted in improved outage restoration times for customers in areas where the smart technology was installed. For example, thousands of Ohio Edison customers in Trumbull and Mahoning counties in northeast Ohio have seen their average restoration times improve by nearly half an hour in more complex outage scenarios,
such as equipment damage from severe weather or a vehicle accident. Improvements have also been realized in the Cleveland Electric Illuminating Company and Toledo Edison territories.

“The projects we’ve completed under Grid Mod I have proven to be successful in
reducing many power interruptions. This has laid the foundation for us to further enhance service reliability across our entire service area in Ohio,” said Sam Belcher, senior vice president of FirstEnergy Operations. “While events out of our control, like severe weather or vehicle accidents, still have the potential to cause outages, the proposed plan will allow us to enhance our results from Grid Mod I and expand the work to areas of our service territory that have not yet benefited from these enhancements.”

View the full press release here

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